HEG has announced a final dividend of ₹3.40 per equity share for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The dividend will be distributed within 30 days following the AGM.
In addition to the dividend declaration, the Board of Directors approved several key appointments and continuations during their meeting on April 29, 2026. Shri Shekhar Agarwal will continue as a Non-Executive Non-Independent Director, even as he approaches the age of 75 in October 2027, contingent on shareholder approval through a special resolution.
The board also reappointed M/s. N. D. Birla & Co. as the Cost Auditor and M/s. S.L. Chhajod & Co, LLP as the Internal Auditor for the financial year 2026-27. Furthermore, M/s. SCV & Co. LLP has been reappointed as the Tax Auditor for FY25-26.
HEG has also resolved to create security in favour of SBICAP Trustee Company Limited, acting as the Security Trustee for TACC Limited, a wholly-owned subsidiary. This involves pledging 51% of TACC Limited’s equity shares and providing a non-disposal undertaking for the remaining 49%, along with hypothecation over unsecured loans. These measures secure credit facilities worth up to ₹1,239 crore from the State Bank of India.
Finally, the company has amended its ‘Code of Conduct for Procedure of Fair Disclosure of Unpublished Price Sensitive Information’, with the updated policy available as an annexure.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).