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HEG Advanced Materials closed LNJ Trading FZCO, its Dubai-based wholly owned subsidiary, as part of overseas structure rationalisation. The filing quantifies the effect at AED 4,048,000.
HEG Advanced Materials disclosed promoter stake rising to 60.72% via allotment under its Composite Scheme. The demerger splits HEG into HEG Graphite and Bhilwara Energy.
HEG Limited has been renamed to HEG Advanced Materials Limited, following a composite scheme of arrangement sanctioned by the NCLT. This restructuring involves demerging the graphite business.
HEG Limited announced the NCLT Indore Bench's sanction of the Composite Scheme of Arrangement involving HEG, HEG Graphite, and Bhilwara Energy. The scheme becomes effective upon filing.