HEG Limited — Important, 26-11-2024: General Updates

HEG Limited has engaged the services of NSDL to facilitate remote e-voting for its upcoming postal ballot, allowing members to cast their votes electronically. A Postal Ballot Notice has been sent to eligible members, detailing two special resolutions for approval: the appointment of Dr. Kamal Gupta as a Non-Executive Non-Independent Director and the re-appointment of Shri Manish Gulati as Whole Time Director designated as Executive Director.

Dr. Gupta, aged 78, has been appointed to bring his extensive experience, especially after serving as an Independent Director for two terms. Shri Gulati, with over 31 years in the company and proven track record in operations and expansion management, is proposed for a five-year term with substantial remuneration, reflecting his contributions. The e-voting will commence on November 28, with results expected by December 31. This represents a pivotal point for governance and strategy, and investors are encouraged to participate.