HEG Limited announced an update regarding the proposed Composite Scheme of Arrangement involving HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited. The stock exchanges have issued their observation letters for the scheme. The company will comply with the conditions outlined in the letters and proceed with filing the scheme with the National Company Law Tribunal.
Composite Scheme Update
HEG Limited is proceeding with the Composite Scheme of Arrangement involving HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited. This arrangement involves respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013.
Observation Letters Received
Both BSE Limited and the National Stock Exchange of India Limited have issued their Observation Letters regarding the proposed scheme. The letters are dated January 8, 2026, and January 9, 2026, respectively.
Next Steps
HEG Limited confirms it will abide by all conditions outlined in the Observation Letters. The company will proceed with filing the Scheme with the Hon’ble National Company Law Tribunal in due course.
Source: BSE
