'Update on Composite Scheme of Arrangement'

HEG Limited has informed the Exchange regarding 'Update on Composite Scheme of Arrangement'. Limited and Bhilwara Energy Limited and their respective shareholders and creditors under. Directors of HEG Limited (“Company”) approving the proposed Composite Scheme of Arrangement amongst.

A merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.

• Swap ratio and its valuation basis
• Regulatory and NCLT approvals required
• Appointed date
• Mr. Riju Jhunjhunwala has been elevated to the positions of Chairman, Managing Director, and Chief Executive O (management committed by FY27)
• HEG Demerger to Take Effect from September 1, 2026; Record Date Fixed for September 7 (management committed by Q4 FY26)