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
