HEG convenes meeting for approval of composite scheme of arrangement

Kinjal — Tue, 05 May 2026 14:02:57 +0000

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).

HEG convenes secured creditors meeting to discuss composite scheme of arrangement

Arunika Jain — Tue, 05 May 2026 13:56:33 +0000

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).

Ritesh Kumar Sharma | Business Upturn

HEG convenes meeting for approval of composite scheme of arrangement

HEG convenes secured creditors meeting to discuss composite scheme of arrangement