HEG Ltd

Name change to HEG Limited

• ROC approved name change from HEG Graphite Limited to HEG Limited, effective 12 October 2026.
• Fresh Certificate of Incorporation issued reflecting the new name.
• Resulting company per composite scheme renamed to HEG Limited.
• Old name to be displayed alongside new name for two years.
• Stock exchanges to record the change; disclosure to BSE/NSE requested.

Collaboration with Indus Towers

• MoU signed between Replus Engitech and Indus Towers to explore BESS for telecom infrastructure.
• Replus to provide 1.5 GWh of dedicated BESS capacity over two years.
• Expansion includes higher-capacity systems and exploration of sodium-ion technologies.
• Replus manufacturing scale and indigenous capabilities to support India's energy transition.

Cost of acquisition apportionment

• NCLT Indore Bench sanctioned the Composite Scheme on August 13, 2026.
• Scheme provides demerger of Graphite Business into HEG Advanced Materials and equity-share issuance.
• Bhilwara Energy amalgamates with Transferee Company; equity shares issued to Bhilwara Energy shareholders.
• On Sept 11, 2026, 1-for-1 HEG Advanced Materials shares issued to Demerged shareholders.
• Record date fixed for Sept 7, 2026.
• Tax-neutral demerger under IT Act Section 70(k) accorded.
• Cost of acquisition apportioned 27.60% to HEG Advanced Materials; 72.40% to HEG Graphite.
• For post-demerger costs, apportion by net book value transferred relative to net worth.
• Guidance is general; not a substitute for professional advice.
• Communications intended for shareholders; potential regulatory law changes may affect guidance.

HEG Advanced Materials Limited — Closure of Trading Window from 1st October, 2026 until 48 hours after the announcement of unaudited financial results for the quarter & half year ending 30th September, 2026.

Meeting Details

• Date: September 28, 2026.
• Time: 12:30 PM.
• Type: One-to-One Meeting.
• Mode: Physical.
• Organiser: Analyst/Institutional Investor Meeting.

Participants

• Key participants: Senior management of the company.

Purpose

• Purpose: One-to-one investor/analyst meeting for information exchange.

Additional Notes

• No unpublished price sensitive information to be shared.
• Schedule subject to change due to exigencies.

Key details

• Target Company: HEG Advanced Materials Limited (formerly HEG Limited).
• Disclosing Party: Promoter group led by Ravi Jhunjhunwala.
• PACs: Rishabh Jhunjhunwala, Rita Jhunjhunwala, Riju Jhunjhunwala.
• Additional PACs: Redrose Vanijya LLP, RSWM Limited, RLJ Family Trusteeship Pvt Ltd.
• Additional PACs: Norbury Investments Limited, Microlight Investments Ltd.
• Transaction Type: Acquisition of voting rights under Scheme of Arrangement.
• Before: 10,86,08,870 shares (56.28%).
• Acquired: 9,16,59,141 voting rights (4.44%).
• Post: 20,02,68,011 shares (60.72%).
• Date: 12 September 2026.
• Equity capital before: Rs 65,95,97,824; 32,97,98,912 shares.
• Equity capital after: Rs 65,95,97,824; 32,97,98,912 shares.
• Total diluted capital after: Rs 65,95,97,824; 32,97,98,912 shares.

Acquisition details

• Target: HEG Advanced Materials Limited (formerly HEG Limited).
• Acquirer: LNJ Spark Advisory LLP.
• PAC: LNJ Spark Advisory LLP.
• Acquirer belongs to promoter group: Yes.
• Stock exchanges: NSE, BSE.
• Pre-acquisition voting rights: Nil.
• Pre-acquisition encumbrances/warrants: Nil.
• Acquired voting rights: 4,05,36,893 shares (12.29%).
• Encumbrances on acquired shares: Nil.
• Mode: Allotment of shares under Scheme of Arrangement.
• Date of acquisition: 12 September 2026.
• Capital before: Rs 38,59,55,060; 19,29,77,530 shares of Rs 2.
• Capital after: Rs 65,95,97,824; 32,97,98,912 shares of Rs 2.
• Total diluted capital after: Rs 65,95,97,824; 32,97,98,912 shares.
• Allotment under the scheme: 40,536,893 equity shares.
• Ratio: 8 new HEG Advanced Materials shares per 7 Bhilwara Energy shares.

Order details

• Awarding entity: Indus Towers Limited (formerly Bharti Infratel Limited).
• Nature of order: Supply of Lithium-Ion Battery Banks.
• Order value: Rs 217.56 Crore, inclusive of GST.
• Domestic entity status: Orders awarded by a domestic entity.
• Execution deadline: On or before March 31, 2027, or extended by mutual agreement.
• Terms: General conditions as per purchase orders.
• Promoter interest: No promoter/group interest; not a related-party transaction.

Order details

• Awarding entity: Indus Towers Limited (formerly Bharti Infratel Limited).
• Nature and scope: Supply of Lithium-Ion Battery Banks.
• Total value: Rs 217.56 crore, GST inclusive.
• Awarding entity is domestic.
• Execution deadline: On or before 31 March 2027, extendable by mutual agreement.
• Terms: General conditions as per purchase orders.
• Related-party status: No promoter group interest.
• Related-party transactions: Not a related party transaction.

Order details

• Awarding entity: Indus Towers Limited (formerly Bharti Infratel).
• Nature and scope: supply of Lithium-Ion Battery Banks.
• Order size: Rs. 217.56 crore, inclusive of GST.
• Domestic/intl: Domestic.
• Execution deadline: on or before March 31, 2027, extendable by mutual agreement.
• Key terms: General conditions as per purchase orders.
• Related party: No; promoter interest: No.
• Material impact: Not disclosed.