HEG Limited has informed the Exchange about Voting Result and Scrutinizer's Report of NCLT Convened Equity Shareholders Meeting, Secured Creditors Meeting and Unsecured Creditors Meeting.
HEG · price
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HEG Limited held NCLT-convened meetings on May 5, 2026 for equity shareholders, secured creditors, and unsecured creditors to approve a Composite Scheme of Arrangement involving HEG Limited (demerged company), HEG Graphite Limited (resulting company), and Bhilwara Energy Limited (transferor company). All three meetings passed the resolution with overwhelming majority: equity shareholders approved with 99.9997% (13.92 crore shares in favor vs 388 against); all 5 secured creditors (₹559.56 crore debt) voted 100% in favor; and 47 unsecured creditors (₹575.79 crore of ₹627.51 crore outstanding) voted 100% in favor. The meetings were conducted via video conferencing with quorum present in all three cases.
The approval from all stakeholder classes clears a key hurdle for the proposed demerger structure. Shareholders and creditors should monitor subsequent NCLT approvals and stock exchange filings for next steps in implementation.