HEG Limited convened a meeting of unsecured creditors via video conference on May 5, 2026 to approve a composite scheme of arrangement involving HEG Graphite Limited and Bhilwara Energy Limited.
The meeting was held pursuant to NCLT Indore Bench order dated March 26, 2026 and concluded after 25 minutes of proceedings with voting on the special resolution.
Unsecured creditors voted electronically through remote e-voting from May 1-4, 2026 and during the meeting, with detailed voting results to be submitted separately.
The composite scheme is being implemented under Sections 230-232 of the Companies Act, 2013 and requires approval from creditors and shareholders of all three companies.