HEG Limited — Updates, 10-03-2025: Scheme of Arrangement

HEG Limited's Board has approved a modified Composite Scheme of Arrangement including demerger of its graphite business and amalgamation with Bhilwara Energy Limited. The graphite business generated a turnover of ₹2,394.90 crore, constituting 94.41% of the company's total turnover for the previous financial year. The restructuring aims to enhance growth potential by segregating distinct business segments, facilitating operational efficiency, and attracting diverse investors. The potential change in shareholding reflects an increase in promoter shareholding post-restructuring. Investors may see a positive outlook given the strategic shift aimed at unlocking value and improving operational focus.