Announced Tue, 18 Aug · 19:10 IST
NCLT sanctions HEG composite scheme (demerger plus amalgamation)
HEG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.3%1-day move
₹744.20
prior close
₹741.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.4-0.9-1.6-4.3-4.3————————
Up moveDown movePending
AI summary
NCLT Indore Bench on Aug 13, 2026 sanctioned the composite scheme involving HEG, HEG Graphite, and Bhilwara Energy. HEG's graphite business will demerge into HEG Graphite on a 1:1 basis, while Bhilwara Energy will merge into HEG at 8 shares of HEG for every 7 shares of BEL. The scheme takes effect once certified copies are filed with the ROC.
Likely market impact
Promoter holding in HEG rises from 56.28% to 60.72% post-scheme. Shareholders receive HEG Graphite shares; shareholding pattern shifts.