HEG Limited has received a formal disclosure from Redrose Vanijya LLP under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011. The promoter group entity acquired 1,05,000 equity shares through open market transactions, demonstrating continued confidence in the graphite electrode manufacturer.

Transaction Overview

The acquisition executed by Redrose Vanijya LLP represents a strategic increase in the promoter group's stake:

Shareholding Changes

The formal SEBI disclosure reveals the precise impact of the acquisition on Redrose Vanijya LLP's ownership in HEG Limited:

Company Capital Structure

HEG Limited's equity structure remains unchanged following the transaction:

Entity and Regulatory Details

Redrose Vanijya LLP operates as a Limited Liability Partnership with LLPIN ACL-8811, registered at Bhilwara Bhawan, 40-41 Community Centre, New Friends Colony, New Delhi-110025. The entity filed the mandatory disclosure on March 13, 2026, signed by Designated Partner Riju Jhunjhunwala (DPIN: 00061060), ensuring full compliance with SEBI takeover regulations.

The disclosure was simultaneously submitted to both BSE Limited and National Stock Exchange of India Limited, along with a copy to HEG Limited's Company Secretary, maintaining transparency in promoter group transactions as required under securities regulations.

HEG Limited has disclosed a strategic long-term partnership between INOXAP and its wholly owned subsidiary TACC Limited for nitrogen supply, as announced through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agreement involves INOXAP building and operating a dedicated onsite nitrogen plant for TACC's greenfield manufacturing facility in Dewas, Madhya Pradesh.

Regulatory Disclosure Details

The disclosure was made through an official communication dated February 24, 2026, to both BSE Limited and National Stock Exchange of India Limited. The filing includes a comprehensive press release detailing the partnership between INOXAP and TACC Limited for advanced carbon materials manufacturing support.

Partnership Structure and Operations

INOXAP will establish the nitrogen supply infrastructure on a Build, Own and Operate basis, ensuring consistent, safe and high-purity nitrogen supply aligned with TACC's manufacturing requirements. The partnership specifically targets the production of lithium-ion battery-grade graphite anode material at TACC's upcoming facility.

Strategic Leadership Perspectives

According to Diganta Sarma, Head – Business Development & Strategy at INOX Air Products, the partnership reflects strong alignment of purpose, sustainability and ambition, reinforcing INOXAP's expertise in enabling production of high-performance materials critical to India's electric mobility and energy storage sectors. He emphasized that this long-term agreement reinforces their operational capabilities in building resilient, future-ready industrial value chains.

Ankur Khaitan, Managing Director & CEO of TACC, emphasized that manufacturing battery-grade graphite demands precision, purity and reliability, with the partnership ensuring dependable, high-purity nitrogen supply critical to achieving global standards at scale. The collaboration aims to strengthen India's advanced materials ecosystem and support the nation's clean energy and electric mobility ambitions.

Market Position and Future Outlook

TACC specializes in developing battery-grade synthetic graphite anode materials for electric vehicles and energy storage systems, while advancing graphene-based derivatives for applications across construction, textiles, paints and industrial sectors. INOXAP, established in 1963, operates with manufacturing capacity of over 6000 TPD of liquid gases delivered from more than 50 operating locations, serving over 1800 manufacturing organizations across various sectors.