HEG Limited has accepted the resignation of Smt. Vinita Singhania as a Non-Executive Non-Independent Director, effective June 21, 2026. The decision was taken to maintain an optimal and balanced Board composition, ensuring an appropriate mix of Independent and Non-Independent Directors in line with applicable governance requirements and best practices.

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the detailed reason for the resignation is outlined in the letter submitted by the director.

In her resignation letter, Singhania stated that the decision was driven by the company's objective to uphold governance standards. She clarified that there are no material reasons for her resignation other than the need to adjust the board's structure. She also expressed appreciation for the trust and cooperation extended by the Board and management during her tenure.

The following table summarizes the key details of the director's cessation:

The resignation has been recorded by the company secretariat, and necessary intimation has been sent to the regulatory authorities. HEG Limited's Board will now proceed to ensure the composition remains compliant with regulatory norms.

TACC Limited, a wholly owned subsidiary of HEG Limited , has signed a Memorandum of Understanding (MOU) with the Institute for Functional Intelligent Materials (I-FIM) at the National University of Singapore (NUS) on June 2, 2026. The strategic partnership aims to collaborate in the fields of advanced materials science, nanotechnology, and related disciplines to accelerate the development and commercialization of next-generation technologies. This collaboration seeks to combine TACC's industrial capabilities with NUS's scientific research expertise to foster innovation in graphene and functional nanomaterials.

The MOU establishes a framework for long-term cooperation, focusing on translating laboratory research into real-world industrial applications. Key objectives include collaborative research in advanced functional materials, development and validation of new technologies, and exploration of commercialization pathways such as licensing agreements and joint ventures. The partnership also emphasizes talent development through researcher exchange programs and industry training, while leveraging AI and laboratory automation for material discovery.

Key Objectives of the Collaboration

The collaboration outlines several strategic areas intended to drive innovation:

Strategic Significance

The partnership addresses the growing global importance of advanced materials such as graphene across sectors including energy storage, electronics, thermal management, and industrial manufacturing. By combining scientific innovation with industrial scalability, the collaboration aims to support the development of commercially viable applications tailored for future global industries. TACC Limited brings technical expertise in high-performance carbon and graphite products, anchored by a 20,000 MT anode materials plant and a 4,000+ tonne graphene derivatives facility currently under development.

Management Commentary

Mr. Ankur Khaitan, MD & CEO, TACC Limited, highlighted the strategic intent behind the agreement, stating that carbon-based advanced materials are redefining industries and that the MOU is a deliberate step toward accelerating technology maturity and creating tangible commercialization pathways. Professor Sir Konstantin Novoselov, Director of NUS I-FIM and a Nobel laureate, noted that the partnership brings together the scientific depth of NUS and the industrial scale of TACC, which is essential to translate scientific research into scalable technologies.