HEG Limited , a prominent player in the graphite electrode industry, has unveiled a special opportunity for shareholders holding physical shares. The company has announced a six-month window for re-lodging transfer requests of physical shares that were previously rejected or returned due to deficiencies.

Latest Processing Performance Data

According to the latest report from MCS Share Transfer Agent Limited, HEG Limited's registrar has processed transfer requests during the period from December 7, 2025 to January 6, 2026. The performance data reveals specific metrics for the special window implementation:

Key Details of the Special Window

• Duration: July 7, 2025 to January 6, 2026
• Eligibility: Transfer deeds lodged prior to April 1, 2019
• Target: Shareholders who missed the March 31, 2021 deadline
• Mode of Transfer: Only in demat mode

Process and Requirements

Eligible shareholders are encouraged to take advantage of this opportunity by submitting the original transfer-related documents to the company's Registrar and Transfer Agent (RTA), MCS Share Transfer Agent Limited. The documents should be rectified to address any deficiencies raised earlier.

To complete the transfer process, shareholders must:

1. Have a demat account
2. Provide their Client Master List (CML)
3. Submit transfer documents and share certificates

Important Reminders for Shareholders

HEG Limited has also issued several important reminders to its shareholders:

1. KYC Update: Shareholders holding physical shares are urged to update their Know Your Customer (KYC) details.
2. Dematerialization: The company strongly recommends converting physical share certificates into dematerialized form.
3. Unclaimed Dividends: Shareholders are advised to claim any unclaimed dividends before they are transferred to the Investor Education and Protection Fund Authority (IEPFA) after seven years.
4. Electronic Dividend Payments: Effective April 1, 2024, dividends for physical shareholders will only be paid electronically. Shareholders must provide their PAN, contact details, bank account information, and specimen signatures to receive dividend payments.

Contact Information

For more information or assistance, shareholders can contact:

MCS Share Transfer Agent Limited 179-180, DSIDC Shed, 3rd Floor, Okhla Industrial Area, Phase - 1, New Delhi – 110020 Phone: 011-41406149 – 51 Email: helpdeskdelhi@mcsregistrars.com

This initiative by HEG Limited aims to facilitate the transfer process for shareholders who may have faced difficulties in the past, while also encouraging the transition to electronic shareholding and ensuring compliance with regulatory requirements.

Shares of graphite electrode manufacturers HEG Ltd and Graphite India witnessed substantial gains in the final trading session, as investors positioned themselves ahead of significant regulatory changes in the global steel industry.

Market Performance

The two companies demonstrated strong market performance during the trading session:

EU Carbon Border Adjustment Mechanism Impact

The rally was primarily driven by expectations surrounding the European Union's Carbon Border Adjustment Mechanism (CBAM), scheduled for implementation from 2026. Under this framework, steel and aluminium imports into the European Union will face taxation based on the volume of carbon emissions embedded in their production processes.

The mechanism is expected to raise landed costs for carbon-intensive steel exports, particularly those relying on traditional blast furnace routes. However, CBAM simultaneously creates incentives for cleaner production technologies, improving the competitive positioning of low-carbon steelmakers globally.

Strategic Positioning for Clean Steel Transition

Both HEG and Graphite India are strategically positioned to benefit from this transition as manufacturers of graphite electrodes, a critical input for electric arc furnace (EAF) steelmaking. EAFs represent a significantly less carbon-intensive alternative to traditional blast furnace methods and are central to the global shift towards greener steel production.

Industry Growth Projections

According to Emkay Global Financial Services analysis from December 2025, Indian graphite electrode producers are entering a fresh capital expenditure cycle to capture structural demand growth linked to EAF-based steel production.

Key Market Drivers

Emkay highlighted three primary global triggers supporting the outlook for graphite electrode manufacturers:

• China's Policy Shift: Measures to curb excessive competition in the steel sector
• CBAM Implementation: Europe's carbon border framework creating demand for cleaner production
• Global Policy Coordination: Coordinated efforts to lift the steel industry from prolonged downturn

These factors have collectively renewed investor interest in graphite electrode makers, positioning them as potential beneficiaries of the global transition towards cleaner and more efficient steel production technologies.