HEG Limited — Board Meeting, 10-03-2025: Outcome of Board Meeting

HEG Limited has announced a board meeting outcome where the Board approved a modified Composite Scheme of Arrangement with HEG Graphite Limited and Bhilwara Energy Limited. The Modified Scheme involves the demerger of the Graphite Business, which reported a turnover of ₹2,394.90 Cr for the previous financial year, representing 94.41% of HEG's total turnover. Additionally, the amalgamation of Bhilwara Energy into HEG is aimed at consolidating assets and streamlining operations, with a focus on enhancing operational efficiencies and reducing administrative costs. The Scheme awaits requisite approvals from statutory and regulatory authorities.