HEG Limited’s Board of Directors approved the Unaudited Financial Results for the Quarter and Nine Months ended December 31, 2025. Key actions included granting a Corporate Guarantee to the State Bank of India for its subsidiary TACC Limited amounting to ₹4,00,00,00,000 via OCDs. Furthermore, the Board approved the appointment of Shri Salil Bawa as President – Investor Relations. Approvals were also granted for winding up a subsidiary’s business and transferring an equity stake in Malana Power Company Limited.
HEG Board Meeting Outcomes – February 10, 2026
The Board of Directors of HEG Limited convened on February 10, 2026, and approved several significant items, including the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025. The review reports from the Statutory Auditors are attached to the disclosure.
Corporate Guarantee for Subsidiary TACC Limited
The Board granted approval for a Corporate Guarantee in favour of the State Bank of India to secure credit facilities availed by TACC Limited, a Wholly-Owned Subsidiary. This support is crucial for TACC Limited’s financing needs.
Allotment of Optionally Convertible Debentures (OCDs)
In furtherance of prior intimations, the Board noted the allotment of 4,00,00,000 Unlisted and Unsecured Optionally Convertible Debentures (‘OCDs’) of face value ₹100 each, fully paid-up. This allotment aggregates to a total amount of ₹400,00,00,00,000 (Four Hundred Crores only).
Key Personnel Appointment
The Board approved the appointment of Shri Salil Bawa as President – Investor Relations, effective from February 10, 2026. Shri Bawa joins the Senior Management and has over 25+ years of experience in investor relations and corporate communications.
Subsidiary and Associate Transactions Approved
The Board also approved two major corporate restructuring items:
- Winding Up: Approval for winding up and discontinuing the Medical Transcription Business of Bhilwara Infotechnology Limited, a Wholly Owned Subsidiary, effective from March 1, 2026. The standalone turnover of this division was ₹435.86 lakhs (0.20% of HEG’s Standalone Turnover) in the last financial year.
- Equity Transfer: Approval for the transfer of a 51% equity stake held by Bhilwara Energy Limited (Associate Company) in Malana Power Company Limited (‘MALANA’) to Chango Yangthang Hydro Power Limited (‘CYHPL’), a Wholly Owned Subsidiary of Bhilwara Energy Limited.
Financial Highlights (Standalone)
The Unaudited Standalone Results for the Quarter Ended December 31, 2025, showed:
- Total Income: ₹756.20 Crores.
- Profit Before Tax: ₹180.10 Crores.
- Basic Earnings Per Share (EPS): ₹7.32.
For the Nine Months Ended December 31, 2025:
- Total Income: ₹2,220.48 Crores.
- Profit Before Tax: ₹435.41 Crores.
- Basic EPS: ₹17.82.
Financial Highlights (Consolidated)
The Unaudited Consolidated Results for the Quarter Ended December 31, 2025, showed:
- Total Income: ₹758.29 Crores.
- Profit Before Tax (including share of Associates): ₹246.15 Crores.
- Basic EPS: ₹10.72.
For the Nine Months Ended December 31, 2025:
- Total Income: ₹2,253.65 Crores.
- Profit Before Tax (including share of Associates): ₹548.84 Crores.
- Basic EPS: ₹23.58.
Notes on Financial Reporting
The figures for the Power Segment (Hydro Power Plant at Tawa Nagar) are inherently seasonal, with operations typically commencing in the second quarter based on monsoon patterns.
Furthermore, the adoption of the Labour Codes resulted in an expense recognition of ₹2.06 crores in employee benefits for the standalone results and ₹7.12 crores for consolidated results due to plan amendment adjustments.
Source: BSE
