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.

HEG Limited has recommended a final dividend of Rs 3.40 per equity share, representing 170% of the face value of Rs 2 each, for the financial year 2025-26. The announcement, made by the Board of Directors on April 29, 2026, is subject to approval by shareholders at the ensuing 54th Annual General Meeting (AGM). The dividend will be paid or dispatched within 30 days from the date of the AGM, with tax deducted at source (TDS) at applicable rates.

The company informed shareholders that dividends are taxable in their hands under the Income-tax Act, 2025. Consequently, HEG Limited will deduct TDS at the time of payment. The applicable withholding tax rate varies based on the residential status and category of the shareholder, as well as the submission of requisite declarations and documents.

For resident shareholders, no tax will be deducted if the total dividend distribution during the Tax Year 2026-27 does not exceed INR 10,000. However, a higher rate of 20% applies if the Permanent Account Number (PAN) is not updated or is considered inoperative due to non-linkage with Aadhaar. Resident shareholders seeking nil or lower deduction must submit specific forms, such as Form 121, by June 19, 2026.

Non-resident shareholders face different withholding rates depending on their category. Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) are subject to a 20% tax rate, plus surcharge and cess, unless a beneficial tax treaty rate applies. Alternative Investment Funds (Category III) located in International Financial Services Centres are taxed at 10%, while other non-resident shareholders are generally taxed at 20% or 30% if they are residents of Notified Jurisdictional Areas. Sovereign wealth funds and pension funds notified by the Central Government are exempt from TDS.

Shareholders must submit all completed and signed documents via email to tdsdiv170@lnjbhilwara.com by June 19, 2026, quoting their folio or demat details. Failure to provide the necessary information by this deadline will result in TDS deduction at the highest prescribed rate without further communication. The company emphasized that any tax deducted at a higher rate due to insufficient documentation can be claimed as a refund by filing income tax returns, and no claims will lie against the company for such deductions.

TDS Rates for Resident Shareholders

Key Deadlines and Contacts