HEG Limited has announced its financial results for the quarter and year ended March 31, 2026. The Board has recommended a final dividend of ₹3.40 per share. Additionally, the company is moving forward with significant infrastructure support for its subsidiary, TACC Limited, involving credit facilities up to ₹1,239 crore. The Board also confirmed the continuation of key leadership and reviewed various auditor appointments to support its growth strategy.
Financial Highlights
For the financial year ended March 31, 2026, HEG Limited reported revenue from operations of ₹2,568.50 crore. The company’s annual standalone net profit reached ₹180.72 crore. The Board of Directors has recommended a final dividend of ₹3.40 per equity share (face value of ₹2), subject to shareholder approval at the upcoming Annual General Meeting.
Strategic Support for TACC Limited
The company has resolved to provide crucial financial support to its wholly-owned subsidiary, TACC Limited. This includes a corporate guarantee and the creation of security in favor of the State Bank of India to secure credit facilities amounting to ₹1,239 crore. This support structure includes a pledge of 51% of TACC Limited’s equity shares, a non-disposal undertaking for the remaining 49%, and hypothecation of unsecured loans.
Corporate Governance and Appointments
The Board approved several key appointments for the 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. Additionally, the company confirmed the continuation of Shri Shekhar Agarwal as a Non-Executive Non-Independent Director, subject to shareholder approval.
Business Developments
The company remains focused on its ongoing Composite Scheme of Arrangement, with shareholder meetings scheduled for May 5, 2026. Furthermore, the company successfully completed the sale of the Infotech Division of Bhilwara Infotechnology Limited to Texnere India Private Limited, streamlining its business operations for the future.
Source: BSE
