HEG Limited has announced its financial results for the quarter and financial year ended March 31, 2026. The Board recommended a final dividend of Rs. 3.40 per share. The company also reported significant developments regarding a major project in its wholly owned subsidiary, TACC Limited, secured by new financing arrangements, and announced the re-appointment of its cost, internal, and tax auditors for the upcoming fiscal year.
Financial Performance Overview
For the fiscal year ended March 31, 2026, HEG Limited reported revenue from operations of ₹2,568.50 crore. The net profit for the year stood at ₹180.72 crore. The Board of Directors has recommended a final dividend of ₹3.40 per equity share, having a face value of ₹2 each, subject to approval at the upcoming Annual General Meeting.
Strategic Subsidiary Financing
The company has finalized financing arrangements for its wholly owned subsidiary, TACC Limited, involving credit facilities aggregating up to ₹1,239 crore from the State Bank of India. To support this, HEG Limited has committed to providing an undertaking for timely project completion and additional equity/support if required. Furthermore, the company will provide security by pledging 51% of its equity shares in TACC Limited, alongside a non-disposal undertaking for the remaining 49% stake and hypothecation over unsecured loans.
Leadership and Governance
The Board has approved the continuation of Shri Shekhar Agarwal as a Non-Executive Non-Independent Director. Additionally, the company has re-appointed its panel of auditors for the upcoming 2026-27 financial year, including M/s. N. D. Birla & Co. as Cost Auditor, M/s. S.L. Chhajed & Co. LLP as Internal Auditor, and M/s. SCV & Co. LLP as Tax Auditor.
Corporate Developments
Regarding the ongoing Composite Scheme of Arrangement, the company noted that the Hon’ble NCLT has directed the convening of meetings for equity shareholders, secured creditors, and unsecured creditors, scheduled for May 5, 2026. Additionally, the company has completed the sale of the Infotech Division of its subsidiary, Bhilwara Infotechnology Limited, to Texnere India Private Limited.
Source: BSE
