HEG Demerger Gets NCLT Green Light; Shareholders To Receive 1:1 Share Swap
Noida-based graphite electrode manufacturer HEG Ltd has received approval from the National Company Law Tribunal (NCLT), Indore Bench, for its Composite Scheme of Arrangement with HEG Graphite Ltd and Bhilwara Energy Ltd. The demerger will result in two independently listed companies. Under the scheme, shareholders of HEG Ltd will receive one share of HEG Graphite Ltd for every one HEG share held. The NCLT order was uploaded on its website on August 18, 2026. The scheme will become effective after the certified copy of the order is received and filed with the Registrar of Companies (RoC). ALSO READ: Trade Setup For Aug 20: Nifty's Break Below 24,000 May Intensify Selling, Say Analysts; Flag Bearish Sentiment Under the restructuring, one entity will house the graphite electrode business, while the other will focus on advanced materials, battery energy solutions and renewable energy. HEG said the restructuring is aimed at creating two independent entities with separate str...
