HEG has announced a final dividend of ₹3.40 per equity share for the financial year 2025-26. This decision is subject to shareholder approval at the upcoming Annual General Meeting (AGM) and will be paid within 30 days from the AGM date.
The company’s board also approved the audited financial results for the quarter and year ending 31 March 2026, along with the statement of cash flows and statement of assets and liabilities. These documents, which include both standalone and consolidated results, were accompanied by an unmodified auditor’s report.
Additionally, 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 also re-appointed several auditors for the upcoming financial year. M/s. N. D. Birla & Co. will continue as the cost auditor, M/s. S.L. Chhajod & Co, LLP as the internal auditor, and M/s. SCV & Co. LLP as the tax auditor.
In further developments, the board has resolved to create security in favour of the Security Trustee on behalf of TACC Limited, a wholly-owned subsidiary. This includes a pledge of 51% equity shares of TACC Limited, a non-disposal undertaking for the remaining 49% equity shares, and hypothecation over unsecured loans to secure credit facilities up to ₹1,239 crore from the State Bank of India.
Lastly, the company has amended its ‘Code of Conduct for Procedure of Fair Disclosure of Unpublished Price Sensitive Information’. The amended policy is available as an annexure.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).