HEG Approves Major Restructuring and Leadership Changes

HEG Limited’s Board, at its meeting on August 24, 2026, approved the implementation of a Composite Scheme of Arrangement following its sanction by the National Company Law Tribunal. Under the scheme, HEG’s graphite business will be demerged into HEG Graphite Limited, while Bhilwara Energy Limited will be amalgamated into HEG Limited. The scheme is scheduled to become effective from September 1, 2026. The company has also approved changes in its Board and senior management, along with the reconstitution of key committees. As part of the restructuring, HEG Limited proposes to change its name to HEG Advanced Materials Limited, while HEG Graphite Limited will be renamed HEG Limited. The developments mark a significant change in the company’s corporate structure and governance framework.