HEG gains tribunal nod to convene meetings on composite restructuring scheme

HEG Limited ( (IN:HEG) ) has issued an announcement.

HEG Limited has reported that the National Company Law Tribunal, Indore Bench, has cleared a key procedural step in the proposed composite scheme of arrangement involving HEG Limited, HEG Graphite Limited and Bhilwara Energy Limited. The tribunal has ordered that meetings be convened for HEG’s equity shareholders, secured and unsecured creditors, as well as the equity shareholders of Bhilwara Energy, with detailed notices to follow, marking progress in the restructuring process that could reshape group structure and stakeholder relationships.

The company has made the tribunal’s order available on its website, signaling formal movement through India’s court-supervised scheme of arrangement framework. This development advances the transaction from planning into stakeholder approval stages, indicating that investors and creditors will soon vote on the reorganization, a step that may influence capital structure, governance, and strategic alignment within the group once implemented.

More about HEG Limited

HEG Limited is an Indian manufacturer operating in the graphite and related materials space, with its activities linked to HEG Graphite Limited and the broader LNJ Bhilwara Group. The company serves industrial customers that use graphite products, and its corporate actions are closely watched by equity shareholders and creditors in domestic capital markets.

Average Trading Volume: 163,380

Technical Sentiment Signal: Buy

Current Market Cap: 96.92B INR

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