HEG (HEG) — Corporate Action

📢 Key Event
HEG announces September 7, 2026 as record date for Composite Scheme of Arrangement effective September 1, 2026 with board restructuring and share allotment ratios.

🔄 What Changed
New chairman/ceo appointed, 7 new directors added, 8 directors resigned effective September 1, 2026, and share allotment ratios of 1:1 and 8:7 disclosed for demerger and amalgamation.

🔮 What's Next
None

💡 Investor Takeaway
Shareholders will receive new shares in HEG Graphite and Bhilwara Energy upon scheme effectiveness, with leadership changes creating potential stability but requiring monitoring of execution.

HEG Limited announced September 7, 2026 as the record date for its Composite Scheme of Arrangement effective September 1, 2026, involving demerger and amalgamation with HEG Graphite Limited and Bhilwara Energy Limited. Shareholders will receive 1:1 shares in HEG Graphite and 8:7 shares in HEL for every 7 shares held. The board underwent major restructuring with Ravi Jhunjhunwala appointed Chairman and CEO for 5 years, alongside 7 new directors including Manish Sharma and Pushp Jain. Resignations of 8 directors including Shekhar Aganrval were mandated by the scheme to facilitate board reconstitution. Key managerial transfers include CFO Ms. Neha Rajvanshi and appointments across senior management functions.

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About HEG Limited (HEG)

Capital Goods · Capital Goods-Non Electrical Equipment · Listed on NSE

Market Cap: ₹14,070.96 Cr P/E: 39.2 ROE: 7.5% ROCE: 8.7% Div Yield: 0.47%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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