HEG Limited has issued an intimation to its physical shareholders, urging them to update Know Your Customer (KYC) details and dematerialize their physical equity shares before the designated Record Date. This action is required to facilitate the seamless credit of equity shares in HEG Graphite Limited (the Resulting Company) pursuant to the Composite Scheme of Arrangement among HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited. The move ensures that shareholders can receive their entitlements in dematerialized form as mandated by SEBI regulations.

The notification, issued on July 29, 2026, and signed by Company Secretary Vivek Chaudhary, cites Regulation 30 of the SEBI (LODR) Regulations, 2015. It informs shareholders that the company, through its Registrar and Transfer Agent (RTA), MCS Share Transfer Agent Limited, is dispatching letters to equity holders in physical form. The communication emphasizes that equity shares of the Resulting Company can only be issued in Demat form; no physical share certificates will be issued for the allotment under the Scheme.

Scheme Details and Entitlements

The Composite Scheme of Arrangement involves the demerger of the Graphite Business of HEG Limited into HEG Graphite Limited, governed by Sections 230 to 232 of the Companies Act, 2013. Upon the Scheme becoming effective, eligible shareholders whose names appear in the register of members and depository records on the Record Date will be entitled to receive specific allotments.

As per Clause 8.1 of the Scheme, this ratio applies to all eligible shareholders. The face value of HEG Limited shares is ₹2.

Consequences of Non-Compliance

Shareholders who fail to update their KYC or dematerialize their shares before the Record Date face significant procedural hurdles. Since physical issuance is prohibited, any entitlement not credited to a valid Demat account may be deposited into a designated Escrow Demat Account maintained for this purpose. Claiming shares from this escrow account subsequently requires completing prescribed documentation, KYC compliance, and verification procedures with the RTA, which may result in avoidable delays in accessing the allotted shares.

Required Actions for Shareholders

To ensure timely credit of entitlements directly into their Demat accounts, physical shareholders are requested to complete the following steps:

• Open a Demat Account: If not already holding one, open an account with any SEBI-registered Depository Participant (DP) of NSDL or CDSL.
• Update KYC Particulars: Ensure PAN, Aadhaar, address, bank details, nomination, mobile number, email ID, and specimen signature are updated with the RTA in accordance with applicable SEBI circulars.
• Submit Documentation: Send self-attested copies of PAN Card and Aadhaar Card, duly filled ISR-1, ISR-2, and SH-13 forms, and an original cancelled cheque to MCS Share Transfer Agent Limited.

Documents should be submitted to the RTA’s office at Okhla Industrial Area, New Delhi, or via email to helpdeskdelhi@mcsregistrars.com . The company continues to hold the shares of the Resulting Company in trust for shareholders until these details are provided and verified.

What This Means for Investors

The mandate to dematerialize shares ahead of the Record Date highlights the regulatory shift toward digital holdings in corporate restructuring events. For HEG Limited shareholders, the 1:1 entitlement ratio offers direct participation in the separated Graphite Business without dilution. However, the strict prohibition on physical issuance for the new entity underscores the critical importance of maintaining updated Demat records. Failure to act promptly risks locking entitlements in an escrow account, adding administrative friction and time delays to what is otherwise a straightforward corporate benefit distribution.

HEG Limited will conduct physical institutional investor meetings and a non-deal roadshow (NDR) in Mumbai on August 3 and 4, 2026. The management of the company aims to engage with approximately 8 to 10 leading fund houses and institutional investment firms to discuss business updates, as part of its regular investor relations calendar.

The interactions are scheduled to take place from 11:00 AM to 6:00 PM on both days at a location in Mumbai. The events have been organized by SKP Securities, which has coordinated the group meetings with the participating institutions. This engagement allows the company’s senior management to address queries from investors without disclosing any unpublished price-sensitive information (UPSI).

Event Schedule

The detailed schedule for the investor interactions is outlined below:

Regulatory Compliance

The announcement was made pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. HEG Limited submitted the intimation to the BSE Limited and the National Stock Exchange of India Limited on July 29, 2026.

Vivek Chaudhary, Company Secretary of HEG Limited, signed the disclosure. He emphasized that the senior management representatives participating in the interaction will not share, discuss, or disclose any UPSI during the sessions. The schedule remains subject to change due to exigencies on the part of the investors or the company, without prior notice.

Corporate Details

HEG Limited is headquartered at Bhilwara Towers in Noida, with its registered office in Mandideep, Madhya Pradesh. The company is listed on both major Indian stock exchanges under the scrip codes 509631 (BSE) and HEG (NSE).