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 vote on a Composite Scheme of Arrangement. The scheme involves HEG Limited (Demerged Company), HEG Graphite Limited (Resulting Company), and Bhilwara Energy Limited (Transferor Company). All three meetings passed the resolution with requisite majorities. Equity shareholders approved with 99.99% votes in favor (139.2 million votes). All 5 secured creditors voted 100% in favor (Rs. 559.56 crore), and all 47 unsecured creditors voted 100% in favor (Rs. 575.79 crore). The meetings were conducted via video conferencing with e-voting facilities provided by NSDL.
The scheme approval by all stakeholder groups (equity shareholders, secured creditors, and unsecured creditors) is a significant step toward completing the corporate restructuring. Shareholders should monitor for further regulatory approvals and the final NCLT order before expecting any changes in business structure or share entitlements.