HEG Board Approves Q3 Results, Corporate Guarantee, and Key Appointments
HEG Limited reported its Q3 results ending December 31, 2025. The company approved a corporate guarantee for TACC Limited's ₹1,730 crore credit facility. Shri Salil Bawa was appointed President - Investor Relations. HEG is winding up Bhilwara Infotechnology's medical transcription business and transferring a 51% stake in Malana Power.
The approval of a corporate guarantee for a significant credit facility and the transfer of a substantial stake in a subsidiary have a material impact on the company's financial structure and operations. The winding up of a business also indicates strategic restructuring.
The announcement includes financial results and several corporate actions, including a guarantee and business winding up, which are neutral in nature. The appointment of a new executive adds a slightly positive element, but the overall impact is balanced.
HEG Limited announced the outcome of its Board Meeting held on February 10, 2026. The Board approved the un-audited financial results (standalone and consolidated) for the quarter and nine months ended December 31, 2025.
In a significant move to support its wholly-owned subsidiary, TACC Limited, HEG has granted approval for a Corporate Guarantee in favor of the State Bank of India for credit facilities to be availed by TACC Limited. These facilities include a Rupee Term Loan of ₹1,730 crore, a Capex Letter of Credit of ₹450 crore, and a Credit Exposure Limit of ₹9 crore.
The Board also approved the appointment of Shri Salil Bawa as President - Investor Relations, effective February 10, 2026. Mr. Bawa brings over 25 years of experience in investor relations and corporate communications.
Furthermore, the Board took note of the allotment of 4,00,00,000 Optionally Convertible Debentures (OCDs) of TACC Limited, valued at ₹400 crore.
Additionally, HEG will proceed with the winding up of the medical transcription business of its wholly-owned subsidiary, Bhilwara Infotechnology Limited, effective March 1, 2026, due to reduced demand and operational losses.
The Board also approved the transfer of a 51% equity stake held by Bhilwara Energy Limited (an associate company) in Malana Power Company Limited to Chango Yangthang Hydro Power Limited (a wholly-owned subsidiary of Bhilwara Energy Limited). This transfer is subject to shareholder approvals.
The Board Meeting commenced at 2:30 PM and concluded at 6:00 PM.
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HEG Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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