HEG Limited (HEG) — Board Meeting | 24 August 2026(4 announcements)

The Board approved the Composite Scheme of Arrangement effective September 1, 2026, including share exchange ratios for demerger and amalgamation, record date of September 7, 2026, and key leadership changes. It details appointments, resignations, and committee reconstitutions following the scheme's effectiveness, along with proposed name changes for HEG Limited and HEG Graphite Limited.

HEG Limited announced a Composite Scheme of Arrangement effective September 1, 2026, involving demerger and amalgamation with specific share exchange ratios, alongside significant board and management reshuffles. Key appointments include Riju Jhunjhunwala as Chairman and Managing Director, Neha Rajvanshi as CFO, and Ravi Gupta as Company Secretary, while several independent directors resigned to facilitate restructuring. New Additional Directors with notable industry backgrounds were also appointed to strengthen governance.

HEG Limited announced a Composite Scheme of Arrangement effective September 1, 2026, involving demerger, amalgamation, and transfer of undertakings. The Board approved reconstituting committees and appointed new directors including Ravi Jhunjhunwala as Chairman, Managing Director & CEO, and several Additional Directors. Key appointments also include Ravi Gupta and Neha Rajvanshi as Chief Financial Officers, while multiple directors resigned to facilitate board restructuring post-scheme effectiveness.

HEG Limited announced on August 24, 2026, that its board approved the September 1, 2026 effective date for a Composite Scheme of Arrangement involving demerger of graphite business and amalgamation with Bhilwara Energy, alongside leadership reshuffles. Key appointments include Riju Jhunjhunwala as Chairman, Managing Director & CEO for 5 years, alongside new independent directors Manish Sharma, Pushp Jain, Sanjeev Mehra, and Ameya Prabhu. Resignations of independent directors Jayant Davar, Priya Dasgupta, Nand Gopal Khaitan, and Sandip Somany were mandated by the scheme to facilitate board restructuring, with no material reasons cited. The filing also details multiple senior management cessations effective September 1, 2026, transferred to HEG Graphite Limited under the scheme.