HEG Limited has announced a meeting of equity shareholders for Bhilwara Energy Limited to consider the proposed Composite Scheme of Arrangement. The virtual meeting is scheduled for May 5, 2026. Shareholders are encouraged to review the scheme and documentation, with remote e-voting facilities available from May 1 to May 4, 2026, to facilitate participation in the decision-making process.
Meeting Schedule and Logistics
The meeting of equity shareholders for the Transferor Company, Bhilwara Energy Limited, will be held on Tuesday, 5 May 2026, at 5:30 P.M. Given the current operational requirements, the meeting will be conducted entirely through Video Conferencing (VC) and Other Audio Visual Means (OAVM) to ensure wide participation.
Scheme Overview and Participation
The proposed Composite Scheme of Arrangement involves HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited. The meeting is being convened to allow shareholders to review, consider, and potentially approve the transition as proposed. All relevant documents, including the explanatory statement and the detailed scheme, are available on the respective corporate websites for public review.
E-Voting Details
To ensure transparent participation, shareholders are provided with remote e-voting capabilities. The cut-off date to determine shareholder eligibility is Tuesday, 28 April 2026. The remote e-voting window will officially open on Friday, 1 May 2026, at 9:00 a.m. (IST) and will conclude on Monday, 4 May 2026, at 5:00 p.m. (IST).
Source: BSE
