HEG Limited: Secured Creditors Meeting Concludes on Composite Scheme of Arrangement
HEG Limited held a secured creditors' meeting on May 5, 2026, to vote on a Composite Scheme of Arrangement with HEG Graphite and Bhilwara Energy. The meeting, ordered by NCLT, facilitated voting on the scheme. Voting results and the scrutinizer's report will be submitted separately.
The announcement concerns a significant corporate restructuring through a Composite Scheme of Arrangement, which could have a material impact on the company's structure and operations. The approval of the scheme by creditors is a crucial step.
The announcement details the proceedings of a creditors' meeting regarding a scheme of arrangement. While the process is underway, there is no information yet on the outcome of the voting or the approval of the scheme, making the sentiment neutral.
HEG Limited convened a meeting of its secured creditors on Tuesday, May 5, 2026, at 3:30 PM via Video Conferencing, as directed by the Hon'ble National Company Law Tribunal (NCLT), Indore Bench. The meeting was held to consider and approve a Composite Scheme of Arrangement involving HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited, along with their respective shareholders and creditors, under Sections 230 to 232 of the Companies Act, 2013.
The meeting, chaired by Advocate Mr. Ritesh Kumar Sharma and assisted by Company Secretary Mr. Vivek Chaudhary, commenced with introductions and a briefing on the Scheme's background, rationale, and salient features. The secured creditors were informed about quorum, remote e-voting, and e-voting at the meeting. Mr. S. Alam Khan was appointed as the Scrutinizer for the e-voting process.
The primary agenda item was the approval of the Composite Scheme of Arrangement through a Special Resolution. Secured creditors had the opportunity to cast their votes remotely from May 1, 2026, to May 4, 2026, and also through e-voting during the meeting. The meeting concluded at 3:57 PM, with 15 minutes allocated for post-meeting e-voting. Details of the voting results and the Scrutinizers' Report will be submitted separately.
What to do with a filing like this
HEG Limited filed this with the NSE as a statutory disclosure, categorised under restructuring. 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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See the model portfoliosA plain-language summary of a public exchange filing by HEG Limited. Read the original for the full detail.