HEG has declared 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 disbursed within 30 days post-AGM.
The company released its audited financial results for the quarter and year ending 31 March 2026, including standalone and consolidated statements of cash flows and assets and liabilities. The auditors’ report, which accompanies these statements, presents an unmodified opinion.
In a significant development, the board has approved the continuation of Shri Shekhar Agarwal as a Non-Executive Non-Independent Director. Agarwal, who will turn 75 on 9 October 2027, will continue in his role subject to shareholder approval through a special resolution.
The board has also reappointed M/s. N. D. Birla & Co. as the cost auditor for the financial year 2026-27. Additionally, M/s. S.L. Chhajod & Co, LLP, and M/s. SCV & Co. LLP have been reappointed as internal and tax auditors, respectively, for the same period.
Further, the board has authorised the creation of security in favour of the lender/security trustee on behalf of its wholly-owned subsidiary, TACC Limited. This includes pledging 51% of TACC’s equity shares and a non-disposal undertaking for the remaining 49% to secure credit facilities up to ₹1,239 crore from the State Bank of India.
The board also approved amendments to the ‘Code of Conduct for Procedure of Fair Disclosure of Unpublished Price Sensitive Information,’ which are detailed in an attached annexure.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).