HEG Limited has announced that the National Company Law Tribunal (NCLT), Indore Bench, has approved the Composite Scheme of Arrangement involving HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited. The tribunal’s order, dated 26th March 2026, allows the company to proceed with convening meetings for equity shareholders, secured creditors, and unsecured creditors.
The scheme, which falls under Sections 230 to 232 of the Companies Act, 2013, aims to streamline operations and improve synergy among the involved entities. The NCLT’s directive requires HEG Limited to hold meetings for its equity shareholders, secured creditors, and unsecured creditors. Additionally, Bhilwara Energy Limited is required to convene a meeting for its equity shareholders.
Details regarding the meetings will be provided in a formal notice to be communicated in due course. Stakeholders can access the tribunal’s order on HEG Limited’s official website at www.hegltd.com and the Hon’ble Tribunal’s website.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).