HEG Limited (HEG) — Corporate Action | 18 August 2026(2 announcements)

HEG Limited announced that the NCLT Indore Bench approved its Scheme of Arrangement on August 13, 2026, effective from April 1, 2024, to separate its graphite electrode and power businesses. The order sanctions the demerger of the graphite business into a new subsidiary and the amalgamation of Bhilwara Energy Limited into HEG. Shareholders will receive new shares under defined exchange ratios, with promoter stake rising to 60.72% and public holding falling to 39.28%. The court confirmed regulatory compliance, including SEBI and stock exchange approvals, and mandated filing of statutory documents within 30 days.

HEG Limited announced that the NCLT Indore Bench approved its Composite Scheme of Arrangement on August 13, 2026, separating graphite electrode manufacturing and power generation into independent entities to unlock value and cut costs. The scheme transfers assets to HEG Graphite Limited and Bhilwara Energy Limited, with shareholders receiving new shares under an 8:7 exchange ratio. Post-scheme, promoter holding rises to 60.72% and public to 39.28%. The transferor company dissolves without winding up, and regulatory approvals from SEBI and stock exchanges were secured. The appointed date of April 1, 2024, was justified as aligned with financial years and approved by regulators.