HEG Limited: Change in Management Following Composite Scheme of Arrangement

M&A / JV 1 Sep 2026 · Completed· ✓ Verified

HEG Limited informed the NSE of the cessation of senior management personnel (names not disclosed in the filing) consequent upon their transfer of employment to HEG Graphite Limited. The transfer occurred pursuant to a Composite Scheme of Arrangement that became effective on 1 September 2026. This is a formal management succession event triggered by the implementation of a scheme approved by NCLT, indicating a shift in operational structure and subsidiary/holding company relationships post-scheme effectiveness. The disclosure was filed on 24 August 2026, prior to the effective date.

Why it mattersWhere a composite scheme results in transfer of employment of senior management to a scheme-entity, the parent company must promptly disclose cessation to the exchange; this signals NCLT-sanctioned restructurings often involve post-scheme operational transfers and require careful attention to employee/key-person continuity documentation.
CounselNot disclosed in primary source
SectorMetals & Mining
[object Object][object Object][object Object][object Object][object Object][object Object][object Object]

Sources

Open in the live tracker →

Related deals