Apportionment of share acquisition cost post HEG demerger

HEG Advanced Materials Ltd (formerly HEG Ltd) has issued guidance to shareholders regarding the apportionment of the cost of acquisition of equity shares between the company and HEG Graphite Limited. This follows a demerger scheme sanctioned by the NCLT on August 13, 2026, which involved the demerger of the Graphite Business into HEG Graphite Limited and the amalgamation of Bhilwara Energy Limited. Shareholders received one equity share of HEG Graphite for every one share held in the demerged company. The demerger is tax-neutral under the Income-tax Act, 2025. For tax purposes, the cost of acquisition of shares is advised to be apportioned as 27.60% to HEG Advanced Materials Limited and 72.40% to HEG Graphite Limited. Shareholders are advised to seek professional tax advice.