HEG Limited’s Board of Directors has approved the unaudited financial results for Q2 FY26. The board also approved a debenture subscription with TACC Limited and appointed Shri Puneet Anand as President and Group Chief Strategy Officer, effective December 1, 2025. The company addressed show cause notices regarding IGST refunds but remains confident in their compliance. Further, a transaction regarding sale of Texnere India Private Limited shareholding by Bhilwara Infotechnology is also noted.
Financial Performance Highlights
HEG Limited announced its unaudited standalone financial results for the quarter ended September 30, 2025 (Q2 FY26), showcasing a total income of ₹803.82 Crores. Key figures from the report include:
- Revenue from operations: ₹696.85 Crores
- Profit before tax: ₹162.89 Crores
- Earnings per share: ₹6.78
Strategic Debenture Subscription
The Board has approved a proposal to enter into a Debenture Subscription Agreement with TACC Limited, a wholly-owned subsidiary. HEG will subscribe to unlisted, unsecured, optionally convertible debentures (OCDs) of TACC for up to ₹633.00 Crores, to be issued in one or more tranches. The investment aims to bolster TACC’s research and development, business expansion, and capital expenditure.
Executive 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 within the company.
Texnere India Shareholding
Bhilwara Infotechnology Limited (BIL), a wholly-owned subsidiary, is proceeding with the sale/transfer of its 26% shareholding in Texnere India Private Limited, based on a valuation report prepared by a SEBI-registered merchant banker.
IGST Refund Notices
The Board addressed Show Cause Notices received from the Deputy Commissioner (SGST) Mandideep Circle, Bhopal Division-2, concerning tax periods FY 2019-20 and FY 2020-21. These notices propose recovery of IGST refunds along with penalties amounting to ₹282.34 Crores for each tax period. The company remains confident in its IGST refund claims and expects a favorable resolution.
Source: BSE
