HEG Limited: Outcome of Board Meeting-Composite Scheme of Arrangement Effective Date and Record Date Notified
On 24 August 2026, HEG's board held a meeting to formally notify the effective date and record date for a composite scheme of arrangement. The board took note of the certified copy of the Hon'ble NCLT order approving the scheme and reconstituted its committees to reflect the post-scheme structure. A composite scheme typically involves multiple entities or divisions and triggers downstream compliance including shareholder approvals, creditor notice requirements, and post-scheme realignment of statutory roles.
Why it mattersThe board's adoption of the NCLT-certified composite scheme establishes the operative phase of the arrangement; partners should verify the record date against shareholder registry cutoffs and monitor subsidiary/related-party restructuring triggers under the scheme.
SectorIndustrials
[object Object][object Object][object Object][object Object][object Object][object Object][object Object][object Object]
Sources
Open in the live tracker →Related deals
- Rajani Associates advises Wanbury on ₹205 crore redemption of debentures31 Aug 2026 · ₹205 cr
- Cyril Amarchand Mangaldas, Khaitan & Co act on Horizon Industrial Parks ₹2,600 crore IPO31 Aug 2026 · ₹2,600 cr
- CMS INDUSLAW, SAM, TT&A, CAM act on Yulu Bikes $93 million Series C fundraise31 Aug 2026 · $93 mn
- Piramal Finance Limited: Press Release31 Aug 2026 · ₹3,850 cr
- Welspun Living Limited: General Updates31 Aug 2026
- Tribhovandas Bhimji Zaveri Limited: Public Announcement-Open Offer31 Aug 2026