HEG sets May meetings for NCLT-driven restructuring scheme

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

HEG Limited has notified stock exchanges that, pursuant to directions from the National Company Law Tribunal’s Indore Bench, separate meetings of its equity shareholders, secured creditors and unsecured creditors will be held on 5 May 2026 via video conferencing or other audio-visual means. These meetings relate to a proposed Scheme of Arrangement involving HEG Limited as demerged and transferee company, HEG Graphite Limited as the resulting company, and Bhilwara Energy Limited as transferor company, marking a significant corporate restructuring step that could reshape the group’s business structure and creditor-shareholder alignments.

The company has also published notices and e-voting information in national and regional newspapers in English and Hindi to ensure broad stakeholder awareness and participation in the NCLT-directed process. Successful approval of the scheme by stakeholders and subsequent legal clearances may have material implications for HEG’s corporate organization, potentially influencing its operational focus, capital structure and long-term positioning within the graphite and energy-linked industries.

More about HEG Limited

HEG Limited is an India-based company engaged in the graphite and related materials business, with its equity shares listed on BSE and the National Stock Exchange. The company operates within the broader industrial and energy-linked sectors through its associations with entities such as HEG Graphite Limited and Bhilwara Energy Limited, reflecting a focus on graphite products and energy-oriented ventures.

Average Trading Volume: 200,427

Technical Sentiment Signal: Strong Buy

Current Market Cap: 108.9B INR

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