HEG Limited’s Board of Directors has approved the unaudited financial results for Q2 FY26. The board also approved a proposal to invest up to INR 633 Crore in optionally convertible debentures of its wholly-owned subsidiary, TACC Limited. Additionally, Shri Puneet Anand has been appointed as President and Group Chief Strategy Officer effective December 1, 2025. The board addressed show cause notices regarding IGST refunds and clarified the status of BIL’s stake in Texnere India Private Limited.
Financial Performance Highlights
HEG Limited reported its unaudited standalone financial results for the quarter and half-year ended September 30, 2025. Key figures include:
- Revenue from operations: ₹696.85 Crore for the quarter, ₹1,309.63 Crore for the half-year.
- Total Income: ₹803.82 Crore for the quarter, ₹1,464.28 Crore for the half-year.
- Profit before tax: ₹162.89 Crore for the quarter, ₹255.31 Crore for the half-year.
- Profit after tax: ₹130.86 Crore for the quarter, ₹202.66 Crore for the half-year.
Earnings per share (EPS) for the quarter stood at ₹6.78.
Investment in TACC Limited
The Board approved an investment of up to ₹633 Crore in unsecured, unlisted, optionally convertible debentures (OCDs) of TACC Limited, a wholly-owned subsidiary. This investment will be made in one or more tranches.
The proceeds will support TACC Limited’s research and development, business expansion, capital expenditure, and working capital needs.
Appointment of Key Executive
Shri Puneet Anand has been appointed as President and Group Chief Strategy Officer of HEG Limited, effective December 1, 2025. He will also be a Key Managerial Personnel of the Company.
Clarifications and Updates
The Board addressed show cause notices received from the Office of the Deputy Commissioner (SGST) Mandideep Circle, Bhopal Division-2, regarding IGST refunds for FY 2019-20 and FY 2020-21.
It was noted that Bhilwara Infotechnology Limited (BIL), a wholly-owned subsidiary, intends to sell/transfer its 26% shareholding in Texnere India Private Limited, based on a valuation report from a SEBI registered Merchant Banker.
Source: BSE
