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 heg has announced a scheduled plant visit for analysts and institutional investors set for August 7, 2026. The event aims to provide stakeholders with a direct view of the company’s operational facilities and foster general management interaction. This engagement is part of the company’s ongoing efforts to maintain transparency and communication with its investor base under regulatory guidelines.

The visit is organized by 360 ONE Capital Market Private Limited and is structured as a pre-scheduled, closed-group interaction. Participants will tour the company’s plant facilities located in Mandideep, District Raisen, Madhya Pradesh. Key areas included in the itinerary are the Graphite Electrode facilities and the Anode Lab. The schedule remains subject to change due to potential exigencies on the part of either the investors or the company.

Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, HEG Limited issued this intimation to the BSE Limited and National Stock Exchange of India Limited. The filing ensures compliance with listing obligations regarding selective disclosure and investor interactions.

Company management emphasized that discussions during the interaction will be of a general nature. Senior management representatives participating in the visit will primarily focus on business operations and information already available in the public domain. The company explicitly stated that no Unpublished Price Sensitive Information (UPSI) will be shared, discussed, or disclosed during the event.

Vivek Chaudhary, Company Secretary of HEG Limited, signed the intimation on July 29, 2026. The corporate office for HEG Limited is located in Noida, while the registered office and the plant facilities under visit are situated in Mandideep, Madhya Pradesh. The company continues to operate under its commitment to global standards, as reflected in its ISO certifications for quality, environmental, and occupational health and safety management.