HEG Advanced Materials Limited will hold a one-to-one physical meeting with an institutional investor or analyst on September 28, 2026, at 12:30 pm. The session is scheduled to take place at the company’s discretion, with senior management participating in the discussion.

Meeting Details

The interaction is structured as a direct engagement between the company’s leadership and a single investor representative. The meeting will be conducted in person rather than via video conference or telephone.

Regulatory Compliance

The disclosure is made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This framework mandates timely communication of scheduled interactions with market participants to ensure equitable information distribution.

Information Protocol

The company explicitly stated that no unpublished price-sensitive information (UPSI) will be shared during the session. This standard compliance measure ensures that all market participants receive material information simultaneously through official channels.

The schedule remains subject to change due to exigencies on the part of the investor or the company. Any modifications to the timing or mode of interaction would be communicated through subsequent regulatory filings.

The promoter group of HEG Advanced Materials Limited has increased its shareholding in the company from 56.28% to 60.72% following the completion of a composite scheme of arrangement.

This disclosure was made by LNJ Spark Advisory LLP under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on September 15, 2026. The increase stems from the allotment of 9,16,59,141 shares pursuant to the scheme involving HEG Advanced Materials Limited (formerly HEG Limited), HEG Graphite Limited, and Bhilwara Energy Limited. The date of receipt of intimation of allotment was September 12, 2026.

Promoter Group Shareholding

The acquisition was exempted from making an open offer under Regulation 10(1)(d)(ii), which covers acquisitions pursuant to a scheme of arrangement involving the target company as a transferee or transferor. The overall promoter holding now stands at 60.72% of the total share capital.

Scheme Context

The scheme was sanctioned by the Hon'ble NCLT, Indore Bench, on August 13, 2026. Under the terms, eligible shareholders received 8 equity shares of HEG Advanced Materials for every 7 equity shares of Bhilwara Energy held as on the record date of September 1, 2026.

Previously, Singularity Funds and its persons acting in concert had acquired a 13.04% stake through the same scheme, involving the allotment of 43,070,852 equity shares. The total equity share capital of HEG Advanced Materials increased from 38,59,55,060 shares before the acquisition to 65,95,97,824 shares after the allotment.

What the Numbers Show

The promoter group's stake increased by 4.44 percentage points, yet remains below the 75% threshold often associated with maximum promoter concentration in listed entities. Notably, while the absolute number of shares held by Norbury Investments and Microlight Investments remained unchanged, their percentage stakes diluted significantly due to the fresh issuance of shares to other promoter entities like LNJ Spark Advisory LLP and Redrose Vanijya LLP. This indicates that the new shares were allocated primarily to specific entities within the concert party rather than being distributed pro-rata across all existing promoter holdings.