HEG Limited — Important, 10-03-2025: Agreements

The Board of Directors of HEG Limited has approved the execution of a share subscription and shareholders’ agreement with Singularity Growth Opportunities Fund II and Bhilwara Energy Limited. The agreement allows for an investment of INR 250 Crore into Bhilwara Energy, resulting in Singularity holding a 9.6% stake. Furthermore, Singularity has the option to invest an additional INR 250 Crore in the future, potentially increasing its equity share depending on market value. Post-investment, HEG’s ownership in Bhilwara Energy will decrease from 49.01% to 44.30%. This strategic investment could strengthen HEG's position within Bhilwara Energy while diversifying its investment portfolio, indicating a proactive approach to capitalize on market opportunities. Investors should monitor the developments around this investment and its implications on HEG's long-term shareholder value.