HEG Limited has received observation letters from BSE Limited and the National Stock Exchange of India Limited (NSE) regarding the proposed Composite Scheme of Arrangement. This scheme involves HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited, along with their respective shareholders and creditors, under Sections 230 to 232 of the Companies Act, 2013.

The observation letters were dated January 8, 2026, from BSE and January 9, 2026, from NSE. These were issued in accordance with Regulation 37 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company has uploaded these letters to its website, www.hegltd.com.

This announcement is a continuation of the Board of Directors' decision on March 10, 2025, which approved the scheme, pending necessary statutory and regulatory approvals. HEG Limited will adhere to all conditions specified in the observation letters and will proceed with filing the scheme with the National Company Law Tribunal in due course.