Attached Composite Scheme of Arrangement amongst the Company and its wholly owned subsidiary (to be incorporated) (hereinafter referred to as 'New Co Limited' or 'Resulting Company') and Bhilwara Energy Limited ('Transferor Company') and their respective shareholders and creditors ('Scheme'). The proposed Scheme inter alia provides for the demerger of the Demerged Undertaking (as defined in the Scheme) from the Company into the Resulting Company on a going concern basis, and amalgamation of the Transferor Company with the Company Attached Approval of modified Composite Scheme of Arrangement amongst HEG Limited and HEG Graphite Limited and Bhilwara Energy Limited and their respective This is in furtherance to our intimation dated May 22, 2024, wherein we had informed that the Board of Directors of HEG Limited ('Board') had approved the draft Composite Scheme of Arrangement amongst HEG Limited ('Company' or 'Demerged Company' or 'Transferee Company') and HEG Graphite Limited ('Resulting Company') and Bhilwara Energy Limited ('Transferor Company') and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ('Scheme'). In view of the observations of SEBI as communicated to the Company by BSE Limited on the proposed infusion of funds in the Transferor Company, the Board, at its meeting, held on March 10, 2025 had considered and approved the modified draft Composite Scheme of Arrangement amongst the Company and HEG Graphite Limited and Bhilwara Energy Limited and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ('Act') ('Modified Scheme'). The Modified Scheme inter alia provides for: (i) demerger of the Demerged Undertaking from the Company into the Resulting Company on a going concern basis; and (ii) amalgamation of the Transferor Company with the Company. 1 (One) fully paid-up equity share of INR 2 (Indian Rupees Two only) each of the Resulting Company, credited as fully paid up, for every 1 (One) equity share of INR 2 (Indian Rupees Two only) each of the Demerged Company. (As Per BSE Announcement Dated on 10.03.2025)