HEG convened a meeting of its secured creditors on 5th May 2026 to discuss a proposed Composite Scheme of Arrangement. The meeting, conducted via video conferencing, followed a directive from the National Company Law Tribunal, Indore Bench.
The meeting, chaired by Advocate Ritesh Kumar Sharma, included the participation of directors, auditors, and other dignitaries. Company Secretary Vivek Chaudhary assisted in the proceedings. The secured creditors were briefed on the meeting’s compliance with SEBI circulars and the NCLT order.
The primary agenda was the approval of the Composite Scheme of Arrangement among HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited, under Sections 230 to 232 of the Companies Act, 2013. The scheme aims to restructure the companies and their respective shareholders and creditors.
Secured creditors were provided with remote e-voting facilities from 1st to 4th May 2026. E-voting was also available during the meeting for those who had not voted remotely. The resolution required a special majority under Section 230(6) of the Companies Act, 2013.
The results of the e-voting, along with the Scrutinizer’s Report, will be submitted separately. The meeting concluded with a vote of thanks from the Chairperson.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).