Key Quantitative Figures

  • Share exchange ratio: 1 (One) equity share of HEG Graphite Limited for every 1 (One) equity share held in HEG Limited
  • Face value of HEG Limited shares: Rs. 2/- per share

Parties Involved

  • HEG Limited (Company)
  • HEG Graphite Limited (Resulting Company)
  • Bhilwara Energy Limited (Transferor Company)
  • MCS Share Transfer Agent Limited (RTA)
  • Shareholders and creditors of the involved companies

Scheme Details

The Composite Scheme of Arrangement involves the demerger of the Graphite Business (as defined in the Scheme) of HEG Limited into HEG Graphite Limited. The Scheme is being implemented under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.

Entitlement Mechanism

Eligible shareholders of HEG Limited whose names appear in the register of members and records of the depository as on the Record Date shall be entitled to receive equity shares of HEG Graphite Limited. The entitlement will be issued only in Dematerialized (Demat) form as per SEBI Regulations - no physical share certificates will be issued.

Required Actions for Physical Shareholders

Physical shareholders must complete the following before the Record Date:

1. Open a Demat Account with any SEBI-registered Depository Participant (DP) of NSDL or CDSL

2. Update KYC particulars including PAN, Aadhaar, address, bank details, nomination, mobile number, email ID, and specimen signature with the RTA

3. Submit required documents: self-attested copy of PAN Card, self-attested copy of Aadhaar Card, duly filled ISR-1, ISR-2 & SH-13 forms, and original cancelled cheque

Submission Details

Documents should be sent to:

MCS Share Transfer Agent Limited (Unit: HEG Limited)

179-180, DSIDC Shed, 3rd Floor, Okhla Industrial Area, Phase-I, New Delhi – 110020

Consequences of Non-Compliance

If physical shareholders fail to update KYC and dematerialize shares before the Record Date:

  • Entitlement of equity shares in HEG Graphite Limited cannot be issued in physical form
  • Shares may be credited to a designated Escrow Demat Account
  • Subsequent claiming requires completion of prescribed documentation, KYC compliance, and dematerialization procedures
  • May result in avoidable delays in receiving the entitlement

Additional Information

The company is dispatching physical letters to equity shareholders holding shares in physical form through its RTA (MCS Share Transfer Agent Limited). Forms are available on the company website (www.hegltd.com) and RTA website (www.mcsregistrars.com).

Financial Impact

Financial impact not quantified in the disclosure. The disclosure primarily concerns procedural requirements for share entitlement.