HEG Limited — Important, 10-03-2025: General Updates

The Board of Directors of HEG Limited has approved a share subscription and shareholders’ agreement with Singularity Growth Opportunities Fund II and Bhilwara Energy Limited (BEL) for a total investment of ₹250.00 crore. This transaction will involve the issuance of 1,75,95,979 equity shares by BEL, resulting in investors holding 9.6% of BEL’s paid-up share capital. Post-transaction, HEG's shareholding in BEL will decrease from 49.01% to 44.30%. Additionally, Singularity has an option to invest another ₹250.00 crore in BEL after certain conditions are met. This strategic move is positioned to bolster HEG's presence in BEL, representing a significant opportunity for growth and market positioning. Investors should monitor developments closely as further conditions need to be fulfilled for completion.