HEG Ltd has mounted the file date for its proposed demerger which is able to consequence within the separation of its graphite electrode enterprise right into a separate entity.
The corporate, one of many world’s main producers of graphite electrodes, has acquired the approval for its composite scheme of association.
Underneath the HEG demerger scheme, the corporate’s graphite electrodes enterprise will transfer into the ensuing firm, HEG Graphite Restricted, which is proposed to be renamed HEG Restricted and brought ahead as a individually listed, pure-play graphite electrodes firm.
The present listed entity will retain the superior supplies, battery power options and inexperienced energy companies and is proposed to be renamed HEG Superior Supplies Restricted.
Each title adjustments are topic to the approval of the Registrar of Corporations and different statutory authorities, HEG stated in a launch.
HEG Demerger Report Date
HEG has mounted September 7 because the file date to find out eligibility of shareholders for its demerger.
“The Board of Administrators of HEG has authorized Tuesday, September 1, 2026, because the Efficient Date and Monday, September 7, 2026, because the Report Date for shareholder entitlement,” HEG stated.
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HEG Demerger: What it means for shareholders?
Underneath the demerger, HEG shareholders as on the Report Date will obtain one absolutely paid-up fairness share of face worth Rs 2 within the ensuing firm for each one fairness share of face worth Rs 2 held within the firm.
As a part of the identical Scheme, Bhilwara Vitality Restricted shall be amalgamated into HEG, with HEG issuing eight fairness shares of face worth Rs 2 for each seven fairness shares of face worth Rs 10 held in Bhilwara Vitality Restricted.
Administration Reshuffle
Ravi Jhunjhunwala would be the Chairman, Managing Director and Chief Government Officer of HEG Graphite Restricted with impact from September 1, 2026. He will even proceed on the board of HEG Superior Supplies Ltd.
Riju Jhunjhunwala has been elevated to the positions of Chairman, Managing Director, and Chief Government Officer of HEG Superior Supplies Ltd. for a five-year time period, topic to shareholder approval.
At 11:55 AM, HEG share value was buying and selling 2.55% decrease at Rs 702.25 apiece on the BSE.
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