HEG Demerger Effective Sept 1, 2026; Leadership Changes Announced

HEG Ltd announced its Composite Scheme of Arrangement will be effective from September 1, 2026, with a record date of September 7, 2026. This demerger will create two independent listed entities: HEG Graphite Limited (focusing on graphite electrodes) and HEG Advanced Materials Limited (retaining advanced materials, battery energy solutions, and green power). Mr. Ravi Jhunjhunwala will lead HEG Graphite Limited, while Mr. Riju Jhunjhunwala will head HEG Advanced Materials Limited. Shareholders will receive a 1:1 share entitlement in the resulting graphite company. Bhilwara Energy Limited will be amalgamated into HEG.