LNJ Spark Advisory LLP Acquires 12.29% Stake in HEG Advanced Materials

LNJ Spark Advisory LLP, part of the Promoter group, has acquired a 12.29% stake in HEG Advanced Materials Limited (formerly HEG Limited) through an allotment of 4,05,36,893 equity shares. This acquisition is a result of a Composite Scheme of Arrangement involving HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited. The transaction, effective September 12, 2026, increases LNJ Spark Advisory LLP's total holding to 12.29% of the company's diluted share capital. The total equity share capital of HEG Advanced Materials Limited has increased post-acquisition.