HEG Limited disclosed on August 11, 2026, that Independent Director Sandip Somany purchased 30,000 equity shares in the company through an on-market transaction on the National Stock Exchange (NSE). This acquisition brings his total shareholding to 101,250 shares, which constitutes 0.05% of the company’s total equity share capital.

The disclosure was made under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The transaction was executed entirely on the open market, with no off-market transfers or preferential allotments involved. The value of the transaction excludes taxes, brokerage, and other charges as per regulatory requirements.

Transaction Details

The following table outlines the specifics of the share acquisition:

Prior to this purchase, Somany held 71,250 equity shares, representing a 0.04% stake in HEG Limited. The additional 30,000 shares were acquired on the same day the intimation was provided to the company, ensuring timely compliance with insider trading regulations.

Regulatory Compliance

The disclosure was submitted by Vivek Chaudhary, Company Secretary of HEG Limited, to both the BSE Limited and the National Stock Exchange of India Limited. The filing confirms that the transaction adheres to the continual disclosure norms mandated for designated persons and directors under SEBI regulations. No trading in derivatives was reported in conjunction with this equity purchase.

What the Numbers Show

The increase in Somany’s stake from 0.04% to 0.05% reflects a deliberate accumulation of equity by an independent director. Such purchases are often viewed by market participants as a signal of confidence in the company’s near-term prospects, although the disclosure itself does not cite specific strategic reasons for the buy. The relatively small percentage increase indicates a modest but significant personal investment relative to his existing holding.

HEG Limited shareholders approved a final dividend of ₹3.40 per equity share for FY26 and reappointed Manish Gulati as Executive Director during the company’s 54th Annual General Meeting (AGM) held on July 29, 2026. The virtual meeting also secured regulatory approval for Non-Executive Director Shekhar Agarwal to continue his tenure beyond the age of 75, ensuring board stability amid ongoing restructuring efforts in its advanced materials segment.

The proceedings were conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs circulars and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The deemed venue was the company’s registered office in Mandideep, Madhya Pradesh. Statutory auditors SCV & Co LLP and secretarial auditor GSK & Associates oversaw the process, with Saket Sharma of GSK & Associates serving as the scrutinizer for the remote e-voting mechanism.

Key Resolutions Passed

Shareholders voted on five key resolutions covering ordinary and special business items. The voting window opened on July 25, 2026, and closed on July 28, 2026, prior to the live meeting.

Board Composition Updates

Manish Gulati, who retires by rotation under Section 152(6) of the Companies Act, 2013, offered himself for re-appointment. Gulati, aged 57, has been associated with HEG Limited for over 32 years, holding qualifications including an MBA from FMS Delhi University. He attended all five board meetings held during the year and holds 4,000 equity shares in the company. His remuneration for FY26 was ₹421.86 lakhs.

The special resolution addressed the tenure of Shekhar Agarwal, a Non-Executive Non-Independent Director. Under Regulation 17(1A) of the SEBI (LODR) Regulations, 2015, shareholder consent is required for directors who attain the age of 75 years. Agarwal, currently 73, will reach this milestone in FY28.