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

Nestlé India has announced that Mr. Anurag Patnaik, Head of Human Resources (Senior Management Personnel), will be leaving the company, effective December 31, 2025. Mr. Patnaik has decided to embark on a new chapter in his career. This represents a change in the senior management team. Further details regarding his replacement will be announced in due course.

Senior Management Change

Mr. Anurag Patnaik, who currently holds the position of Head of Human Resources (Senior Management Personnel) at Nestlé India, has announced his decision to leave the company.

Effective Date of Departure

Mr. Patnaik’s departure from Nestlé India will take effect on December 31, 2025. He is leaving to pursue new career opportunities. The company has not yet announced a replacement. Additional details will be shared at a later date.

Source: BSE

HEG Limited’s board has approved the subscription of unsecured, optionally convertible debentures of its subsidiary, TACC Limited, up to INR 633 Crore. The board also approved the appointment of Shri Puneet Anand as President and Group Chief Strategy Officer effective December 1, 2025. The company addressed show cause notices received regarding IGST refunds and remains confident in its compliance.

TACC Limited Debenture Subscription

The HEG Limited board has greenlit a proposal to subscribe to unsecured, optionally convertible debentures issued by its wholly-owned subsidiary, TACC Limited. This investment will total up to INR 633 Crore across multiple tranches. These funds are intended to bolster TACC Limited’s research and development, facilitate business expansion, cover capital expenditure, and address working capital needs.

Leadership Appointment

Shri Puneet Anand has been appointed as President and Group Chief Strategy Officer, effective December 1, 2025. He will also be designated as a Key Managerial Personnel (KMP) of the company. He brings over 17 years of experience in strategy, transactions, and family-owned enterprises.

Financial Performance: Q2 Results

HEG Limited has released its unaudited standalone financial results for the quarter ended September 30, 2025 (Q2 FY26). Key highlights include:

• Revenue from operations: INR 696.85 Crore
• Total Income: INR 803.82 Crore
• Profit before tax: INR 162.89 Crore
• Profit for the period: INR 130.86 Crore

IGST Refund Notices

The board addressed show cause notices received from the Deputy Commissioner (SGST) Mandideep Circle, Bhopal Division-2, concerning IGST refunds for fiscal years 2019-20 and 2020-21, potentially involving INR 282.34 Crore for each period. HEG Limited expressed confidence that the refunds are legitimate and expects a favorable resolution.

Bhilwara Infotechnology Stake Sale

Bhilwara Infotechnology Limited (BIL), a wholly-owned subsidiary, intends to sell its 26% stake in Texnere India Private Limited, based on a valuation report from a SEBI-registered Merchant Banker.

Source: BSE

Britannia has announced the appointment of Rakshit Hargave as the new Managing Director and Chief Executive Officer, effective December 15, 2025. Varun Berry, the current Vice-Chairman, Managing Director & CEO, will step down on November 10, 2025. In the interim, N. Venkataraman will take on additional responsibilities as Chief Executive Officer.

Leadership Transition at Britannia

Varun Berry has submitted his resignation from the position of Vice-Chairman, Managing Director & Chief Executive Officer of Britannia. His resignation has been accepted, and he will be relieved from his duties effective November 10, 2025.

Appointment of Rakshit Hargave

The Board has appointed Rakshit Hargave as the new Managing Director and Chief Executive Officer, effective December 15, 2025. Britannia welcomes Rakshit to lead the company forward.

Interim Leadership

In the period between Varun Berry’s departure and Rakshit Hargave’s commencement, N. Venkataraman, the current Executive Director and Chief Financial Officer, will assume the additional charge of Chief Executive Officer.

Rakshit Hargave’s Background

Prior to joining Britannia, Rakshit Hargave held the position of Chief Executive Officer of Birla Opus, the paints venture of Grasim Industries. He played a key role in scaling up the decorative paints business, building a high-performing team, establishing 6 integrated manufacturing facilities, and scaling the distribution and supply chain network.

Past Experience

Rakshit Hargave has held operational, sales, marketing, and leadership roles at various companies, including Beiersdorf, Hindustan Unilever, Jubilant Foodworks, Nestle India, and Tata Motors.

Strategic Goals

The Board of Directors has identified key levers for growth to become a global total Foods Company:

* Leadership in innovation and diversification
* Aggressively address regional competitors supported by cost efficiencies
* Profit improvement through growth in top line and market share gain
* Focused growth in adjacency businesses
* Expansion of International footprint

The Board expresses confidence in the management team’s ability to elevate the company to new heights under the new leadership.

Source: BSE

HEG Limited’s Board of Directors has approved the unaudited financial results for Q2 FY26, ending September 30, 2025. The board also approved a proposal to invest up to INR 633 Crore in the 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 has addressed outstanding IGST refund notices, expressing confidence in resolution.

Financial Performance: Q2 FY26

HEG Limited announced its unaudited standalone financial results for the quarter and half-year ended September 30, 2025. Key figures from the announcement include:

• Revenue from operations: ₹696.85 Crore
• Total Income: ₹803.82 Crore
• Profit before tax: ₹162.89 Crore
• Earnings per share: ₹6.78

The results reflect the company’s performance in the second quarter of the Indian financial year, with detailed figures available in the provided financial statements.

Investment in Subsidiary

The Board approved the subscription of Unsecured Unlisted Optionally Convertible Debentures of TACC Limited (a wholly owned subsidiary). The investment will total up to INR 633,00,00,000 (Indian Rupees Six Hundred Thirty Three Crores Only), across multiple tranches. These funds will support TACC Limited’s research and development, business expansion, and capital expenditure needs.

Leadership Appointment

Shri Puneet Anand has been appointed as the President and Group Chief Strategy Officer of HEG Limited, effective December 1, 2025. Mr. Anand will also serve as a Key Managerial Personnel for the Company.

IGST Refund Notices

The Board addressed the Show Cause Notices received from the Office of the Deputy Commissioner (SGST) Mandideep Circle, Bhopal Division-2, regarding tax periods FY 2019-20 and FY 2020-21. These notices propose a recovery of IGST refunds along with penalties, potentially amounting to Rs. 282.34 Crores for each tax period. HEG Limited management expressed confidence that their IGST refunds are in order and that these notices will eventually be dropped by the GST department, as similar notices for prior fiscal years had been.

Sale of Stake in Texnere India

Bhilwara Infotechnology Limited (BIL), a wholly-owned subsidiary, has decided to sell/transfer its 26% shareholding in Texnere India Private Limited, based on a valuation report prepared by a SEBI Registered Merchant Banker.

Source: BSE

DOMS Industries’ board has approved the unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2025 (Q2 FY26). The company also announced the allotment of 225 equity shares under its Employee Stock Option Plan 2023 (ESOP 2023), increasing the paid-up equity share capital. These decisions were made during the board meeting held on November 10, 2025.

Financial Performance Highlights

The board of directors has reviewed and approved the unaudited financial results for Q2 FY26. Key approvals include:

• Standalone and Consolidated Financial Results for the quarter and six months ended September 30, 2025.
• Limited Review Report on the aforementioned financial results.

The financial results are available on the company website at www.domsindia.com

Equity Share Allotment

The board has approved the allotment of 225 equity shares with a face value of ₹10 each, pursuant to the exercise of options granted under the DOMS Industries Limited – Employee Stock Option Plan 2023 (‘ESOP 2023’).

Revised Share Capital

Following the allotment, the paid-up equity share capital of the company has increased from ₹60,68,75,860, comprising 6,06,87,586 equity shares, to ₹60,68,78,110, comprising 6,06,87,811 equity shares, each with a face value of ₹10.

Detailed ESOP Disclosure

Further information regarding the ESOP allotment, as per Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, is provided in ‘Annexure A’.

Source: BSE

HEG Limited’s Board of Directors has approved the unaudited financial results for Q2 FY26. The board also approved a debenture subscription with TACC Limited and appointed Shri Puneet Anand as President and Group Chief Strategy Officer, effective December 1, 2025. The company addressed show cause notices regarding IGST refunds but remains confident in their compliance. Further, a transaction regarding sale of Texnere India Private Limited shareholding by Bhilwara Infotechnology is also noted.

Financial Performance Highlights

HEG Limited announced its unaudited standalone financial results for the quarter ended September 30, 2025 (Q2 FY26), showcasing a total income of ₹803.82 Crores. Key figures from the report include:

• Revenue from operations: ₹696.85 Crores
• Profit before tax: ₹162.89 Crores
• Earnings per share: ₹6.78

Strategic Debenture Subscription

The Board has approved a proposal to enter into a Debenture Subscription Agreement with TACC Limited, a wholly-owned subsidiary. HEG will subscribe to unlisted, unsecured, optionally convertible debentures (OCDs) of TACC for up to ₹633.00 Crores, to be issued in one or more tranches. The investment aims to bolster TACC’s research and development, business expansion, and capital expenditure.

Executive Leadership Appointment

Shri Puneet Anand has been appointed as the President and Group Chief Strategy Officer of HEG Limited, effective December 1, 2025. He will also be a Key Managerial Personnel within the company.

Texnere India Shareholding

Bhilwara Infotechnology Limited (BIL), a wholly-owned subsidiary, is proceeding with the sale/transfer of its 26% shareholding in Texnere India Private Limited, based on a valuation report prepared by a SEBI-registered merchant banker.

IGST Refund Notices

The Board addressed Show Cause Notices received from the Deputy Commissioner (SGST) Mandideep Circle, Bhopal Division-2, concerning tax periods FY 2019-20 and FY 2020-21. These notices propose recovery of IGST refunds along with penalties amounting to ₹282.34 Crores for each tax period. The company remains confident in its IGST refund claims and expects a favorable resolution.

Source: BSE