HEG Shareholders, Secured & Unsecured Creditors Approve Scheme of Arrangement
HEG Limited's Equity Shareholders, Secured Creditors, and Unsecured Creditors approved the Composite Scheme of Arrangement on May 5, 2026. All resolutions passed with requisite majorities in meetings convened by NCLT. The company will proceed with the arrangement as per the approved scheme.
The approval of a scheme of arrangement by shareholders and creditors is a material corporate event that can significantly impact the company's structure, operations, and future prospects.
The announcement details the successful passing of all resolutions related to a significant scheme of arrangement by all relevant stakeholder groups, indicating a positive development for the company.
HEG Limited announced the successful conclusion of NCLT-convened meetings for its Equity Shareholders, Secured Creditors, and Unsecured Creditors. The meetings, held on May 5, 2026, saw overwhelming approval for the Composite Scheme of Arrangement involving HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited.
All resolutions presented were passed with the requisite majority by each group. The Equity Shareholders meeting commenced at 02:00 PM, followed by the Secured Creditors meeting at 03:30 PM, and the Unsecured Creditors meeting at 04:30 PM. Detailed voting results and consolidated scrutinizer's reports for each meeting have been submitted.
The company confirmed that all resolutions were passed with the necessary majority, signifying strong support for the proposed scheme. The information is also being hosted on the company's website (www.hegltd.com) and NSDL's website.
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HEG Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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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.