HEG Limited’s board approved subscribing to unsecured debentures of TACC Limited, a wholly-owned subsidiary, for up to INR 633 crore. The funds will support TACC’s R&D and expansion. The board also appointed Shri Puneet Anand as President and Group Chief Strategy Officer, effective December 1, 2025. The company decided in principal to sale/transfer the 26% shareholding of Texnere India Private Limited.
Unsecured Debenture Subscription
HEG Limited will be subscribing to unsecured, optionally convertible debentures of its wholly-owned subsidiary, TACC Limited, for an amount up to INR 633 crore in one or more tranches. This was approved at the board meeting held on November 10, 2025.
The funds are intended to be used by TACC Limited for purposes including research and development, business expansion, and capital expenditure.
Leadership Appointment
Shri Puneet Anand has been appointed as the President and Group Chief Strategy Officer of HEG Limited, effective December 1, 2025. He will also be a Key Managerial Personnel of the Company.
Update on Texnere India Private Limited Stake
Bhilwara Infotechnology Limited (BIL), a wholly-owned subsidiary, currently holds a 26% stake in Texnere India Private Limited. The Board of BIL has decided to sell/transfer this shareholding based on a valuation report from a SEBI Registered Merchant Banker. The decision was in principal taken on October 30, 2025.
Financial Performance: Standalone Results
HEG Limited’s unaudited standalone financial results for Q2 (Jul-Sep) 2025 reveal:
- Revenue from operations: INR 696.85 crore
- Total Income: INR 803.82 crore
- Profit before tax: INR 162.89 crore
- Profit for the period: INR 130.86 crore
Financial Performance: Consolidated Results
HEG Limited’s unaudited consolidated financial results for Q2 (Jul-Sep) 2025 reveal:
- Revenue from operations: INR 699.22 crore
- Total Income: INR 811.51 crore
- Profit before tax: INR 175.23 crore
- Profit for the period: INR 143.33 crore
Source: BSE
