HEG has received observation letters from India's leading stock exchanges regarding its proposed corporate arrangement plan. The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have both issued these regulatory communications as part of the review process for the company's restructuring initiative.

Corporate Arrangement Details

The arrangement plan involves multiple entities within the HEG ecosystem, specifically including HEG Graphite and Bhilwara Energy. This corporate restructuring represents a significant organizational development for the graphite electrode manufacturer.

Regulatory Significance

The issuance of observation letters by both major Indian stock exchanges marks an important milestone in the corporate arrangement process. These letters typically contain the exchanges' views, comments, and observations regarding the proposed restructuring plan, which companies must address as part of the regulatory approval process.

Next Steps in Process

With the observation letters now received from both BSE and NSE, HEG will need to review the exchanges' feedback and take appropriate action as required by the regulatory framework. This step is part of the standard procedure for corporate arrangements involving listed companies in India, ensuring proper oversight and investor protection throughout the restructuring process.

SBI Mutual Fund has reduced its shareholding in heg Limited through market sales, bringing its total stake down to 5.71% as of January 06, 2026. The transaction was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The mutual fund sold 7,23,723 shares representing 0.38% of HEG Limited's paid-up share capital through market transactions. This sale reduced SBI Mutual Fund's holding from 1,17,51,279 shares to 1,10,27,556 shares.

Shareholding Comparison

The disclosure shows a significant change in SBI Mutual Fund's position in HEG Limited compared to its previous substantial shareholding disclosure made in July 2024.

Company Share Capital Structure

HEG Limited's equity share capital remains unchanged at ₹38.60 crores, consisting of 19,29,77,530 equity shares with a face value of ₹2.00 each. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Regulatory Compliance

The disclosure was made by Vinaya Datar, Chief Compliance Officer & Company Secretary of SBI Funds Management Limited, in compliance with SEBI regulations. The notification was sent to both stock exchanges where HEG Limited's shares are traded, ensuring transparency in substantial shareholding changes.

This reduction represents SBI Mutual Fund's strategic portfolio adjustment in HEG Limited, with the fund maintaining its position as a significant institutional investor despite the decreased stake.