HEG Advanced Materials Limited (formerly HEG Limited) has undergone a significant corporate restructuring through a Composite Scheme of Arrangement. This scheme, sanctioned by the NCLT, Indore Bench, involved the allotment of 8 equity shares of HEG Advanced Materials for every 7 equity shares of Bhilwara Energy Limited held as of the record date, September 1, 2026. The effective date of this arrangement was September 12, 2026.
Composite Scheme of Arrangement Implemented
HEG Advanced Materials Limited (formerly HEG Limited) has completed a major corporate event through a Composite Scheme of Arrangement. This scheme, sanctioned by the National Company Law Tribunal (NCLT), Indore Bench, under order dated 13 August 2026, has led to a significant change in the company’s shareholding structure.
Share Allotment Details
As per the terms of the Scheme, equity shares of HEG Advanced Materials Limited have been allotted to eligible shareholders. The ratio for this allotment is 8 equity shares of HEG Advanced Materials Limited for every 7 equity shares of Bhilwara Energy Limited. This allotment was based on the shareholding as of the record date, which was 1 September 2026.
Key Dates and Capital Structure
The effective date of this acquisition/sale, or the date of receipt of intimation of allotment of shares, was 12 September 2026. Prior to this arrangement, the equity share capital and total voting capital of HEG Advanced Materials stood at 385,955,060. Post the said acquisition/sale, the equity share capital and total voting capital is 659,597,824, reflecting the impact of the share allotment under the Scheme.
Diluted Capital Information
The total diluted share/voting capital of the TC after the said acquisition stands at 659,597,824. This figure represents the total number of shares assuming the full conversion of outstanding convertible securities and warrants into equity shares.
Source: BSE
