Heg has scheduled a closed-group plant visit for analysts and institutional investors on September 3, 2026. The engagement will focus on the company’s operations at its subsidiary’s manufacturing facility.

Visit details

The interaction is organized pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has engaged 360 ONE Capital Market Private Limited to organize the visit.

The discussions during the interaction will be of a general nature and will primarily focus on the company's business operations and information already available in the public domain. Senior management representatives will not share or disclose any Unpublished Price Sensitive Information (UPSI).

RePlus Engitech Private Limited is a subsidiary of Bhilwara Energy Limited.

HEG has fixed September 1, 2026, as the effective date for its composite scheme of demerger and amalgamation. The Board of Directors also appointed Riju Jhunjhunwala as the new Chairman, Managing Director & CEO of the continuing entity, succeeding Ravi Jhunjhunwala.

Effective date and shareholder entitlements

The Board approved the effective date following the receipt of the certified copy of the NCLT order on August 21, 2026. The tribunal had sanctioned the scheme on August 13, 2026. Shareholders holding equity shares as on the record date of September 7, 2026, will be eligible to receive one fully paid-up equity share of ₹2 each in HEG Graphite Limited for every one share held in HEG Limited. This maintains the previously disclosed 1:1 allotment ratio.

Additionally, shareholders of Bhilwara Energy Limited will receive eight fully paid-up equity shares of ₹2 each in HEG Limited for every seven shares of ₹10 each held in the transferor company.

Leadership transition and board reconstitution

The restructuring involves a significant leadership shift. Ravi Jhunjhunwala will relinquish his role as CMD and CEO of HEG Limited to become the CMD and CEO of HEG Graphite Limited. He will continue as a Non-Executive Non-Independent Director at HEG Limited. Riju Jhunjhunwala, currently Vice-Chairman, is elevated to Chairman, Managing Director & CEO of HEG Limited with effect from September 1, 2026, for a five-year term.

Several independent directors, including Jayant Davar, Priya Shankar Dasgupta, Nand Gopal Khaitan, and Sandip Somany, have resigned from the HEG Limited board solely to facilitate reconstitution post-scheme. New independent directors Manish Sharma, Pushp Jain, Sanjeev Mehra, Ameya Suresh Prabhu, and Rajiv Dewan have been appointed as additional directors, subject to shareholder approval.

Key managerial personnel changes

The Board also approved changes in key managerial personnel (KMP) and senior management roles effective September 1, 2026:

• Cessations: Vivek Chaudhary (Company Secretary) and Ravi Kant Tripathi (CFO) cease their roles at HEG Limited due to transfer to HEG Graphite Limited. Manish Gulati (Executive Director) also transfers to HEG Graphite Limited.
• Appointments: Neha Rajvanshi is appointed as Chief Financial Officer, and Ravi Gupta as Company Secretary & Compliance Officer. Both are transferred from Bhilwara Energy Limited.

Name change proposal

Pursuant to the scheme's effectiveness, the name "HEG Limited" is proposed to be changed to "HEG Advanced Materials Limited". Concurrently, "HEG Graphite Limited" is proposed to be renamed as "HEG Limited". This swap ensures continuity of the graphite business brand under the new entity structure.