HEG Limited successfully convened a meeting of its secured creditors on May 5, 2026, to deliberate on the proposed Composite Scheme of Arrangement. The meeting, held via video conferencing, focused on the integration involving HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited. The proceedings, conducted under the supervision of an appointed chairperson and scrutinizer, mark a significant step forward in the company’s planned corporate restructuring under the Companies Act, 2013.
Meeting Overview and Proceedings
On May 5, 2026, HEG Limited held a formal meeting for its secured creditors to consider and approve a Composite Scheme of Arrangement. The session was conducted through video conferencing and other audio-visual means, as directed by the relevant legal authorities. The proceedings were chaired by Mr. Ritesh Kumar Sharma, with the support of the Company Secretary to ensure full compliance and orderly conduct.
Details of the Proposed Scheme
The core objective of the meeting was to review the proposed restructuring plan involving HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited. This strategic realignment aims to consolidate operations and streamline the organizational structure among the mentioned entities and their respective stakeholders.
Voting and Next Steps
To ensure transparency, the company facilitated remote e-voting between May 1, 2026, and May 4, 2026. Additional voting opportunities were provided during the meeting for those who had not yet cast their ballots. Mr. S. Alam Khan was appointed as the independent scrutinizer to oversee the integrity of the voting process. The final results, along with the detailed scrutinizer’s report, will be formally submitted and disclosed in due course.
Source: BSE
