HEG convened a meeting of its unsecured creditors on 5th May 2026 to discuss and approve a Composite Scheme of Arrangement involving HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited. The meeting, held via video conferencing, was ordered by the National Company Law Tribunal (NCLT), Indore Bench.
The meeting commenced at 4:30 PM and was chaired by Advocate Ritesh Kumar Sharma, with Company Secretary Vivek Chaudhary assisting. The purpose was to consider the proposed scheme under Sections 230 to 232 of the Companies Act, 2013. The scheme aims to reorganise the companies and their shareholders and creditors.
The creditors were briefed on the scheme’s background, rationale, and key features. The meeting also covered procedural aspects such as quorum, remote e-voting, and e-voting during the meeting. Mr. S. Alam Khan, a Practicing Company Secretary, was appointed as the Scrutinizer to oversee the voting process.
Creditors were given the opportunity to vote on the resolution via remote e-voting from 1st May to 4th May 2026, and those who had not voted remotely could do so during the meeting.
The results of the e-voting and the Scrutinizer’s Report will be submitted separately.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).