HEG Limited has submitted the Exchange a copy 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 has received overwhelming approval (approximately 99.99% in favor) from equity shareholders, secured creditors, and unsecured creditors for a Composite Scheme of Arrangement. The scheme involves HEG Limited (as Demerged Company), HEG Graphite Limited (as Resulting Company), and Bhilwara Energy Limited (as Transferor Company). All meetings were convened under NCLT directions and held on May 5, 2026. Secured creditors voted 100% in favor (Rs. 559.56 crore debt), unsecured creditors voted 100% in favor (Rs. 575.79 crore debt), and equity shareholders passed the resolution with public shareholder approval as required under SEBI regulations.
This approval marks a significant milestone for the restructuring scheme. The Composite Scheme of Arrangement, once sanctioned by NCLT, will restructure the graphite business under HEG Graphite Limited. Shareholders should monitor for further NCLT approval and any demerger ratio details that may follow.