HEG Limited has informed the Exchange regarding 'Update on Composite Scheme of Arrangement'.
HEG · price
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Awaiting price reaction for this filing.
HEG Limited has received Observation Letters from BSE (dated 8 Jan 2026) and NSE (dated 9 Jan 2026) for its proposed Composite Scheme of Arrangement involving HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited. The scheme, first approved by HEG's board on 10 March 2025, is being pursued under Sections 230-232 of the Companies Act, 2013, and covers all three companies along with their shareholders and creditors. With the stock exchange observations now secured under SEBI LODR Regulation 37, the company will next file the scheme with the National Company Law Tribunal (NCLT) for approval.
This is a procedural milestone bringing the inter-company restructuring (within the LNJ Bhilwara group) closer to formal NCLT approval. Shareholders should watch for upcoming disclosures on the share swap or exchange ratio, NCLT hearing dates, and any potential changes to HEG's capital structure or business composition.