HEG Limited has announced the scheduling of meetings for its equity shareholders, secured creditors, and unsecured creditors to consider and approve a Composite Scheme of Arrangement. The meetings, held pursuant to the directions of the Hon’ble National Company Law Tribunal, involve HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited. These proceedings are set to take place on May 5, 2026, via video conferencing, with remote e-voting options available to eligible participants.
Meeting Schedule Overview
The company has finalized the schedule for the upcoming meetings to review the proposed scheme. All meetings will be conducted through Video Conferencing (VC) or other audio-visual means (OAVM) to ensure wide participation. The meetings for the three groups are scheduled for May 5, 2026, at the following times:
- Equity Shareholders: 2:00 P.M.
- Secured Creditors: 3:30 P.M.
- Unsecured Creditors: 4:30 P.M.
Remote E-voting and Participation
To facilitate voting, the company has provided a remote e-voting facility. The window for remote e-voting will open on Friday, May 1, 2026, at 9:00 a.m. (IST) and will conclude on Monday, May 4, 2026, at 5:00 p.m. (IST). Shareholders and creditors are encouraged to review the explanatory statements and the Composite Scheme of Arrangement, which are available on the official company website, prior to casting their votes.
Eligibility and Cut-off Dates
Participation is subject to specific cut-off dates for eligibility. For equity shareholders, the cut-off date is Tuesday, April 28, 2026. For both secured and unsecured creditors, the cut-off date for eligibility is Tuesday, March 31, 2026. Participants should ensure their records are updated to reflect their status as of these respective dates to exercise their voting rights effectively.
Source: BSE
