HEG LTD.

HEG Advanced Materials Ltd (formerly HEG Limited) has announced that the GST authority has dropped proceedings initiated under Section 74 of the MPGST Act 2017 read with Section 74 of the CGST Act 2017 for the tax period FY 2020-21. Previously, a show-cause notice had proposed recovery of IGST refunds along with a penalty of ₹282.34 crore. The authority dropped these proceedings based on the information available on record. This development has no quantifiable impact on the company's financial or operational activities.

HEG Graphite Limited has officially changed its name to HEG Limited, with the change taking effect from October 12, 2026. This name change follows a composite scheme of arrangement. The Registrar of Companies, Ministry of Corporate Affairs, has approved the alteration. The company is obligated to display its former name alongside the new name for two years at all official locations.

HEG Advanced Materials Ltd has filed a report regarding the re-lodgement of transfer requests for physical shares for September 2026, as per SEBI circular HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026. The company's Registrar and Share Transfer Agent, MCS Share Transfer Agent Limited, confirmed that zero requests were received, processed, approved, or rejected during the month. This indicates no activity in physical share transfers for the specified period under the SEBI special window.

HEG Advanced Materials Ltd announced that its subsidiary, Replus Engitech Private Limited, has received orders from Indus Towers Limited for the supply of Lithium-Ion Battery Banks. The total value of these orders amounts to ₹127.35 Crore, inclusive of GST. The execution of these orders is expected to be completed on or before May 31, 2027, or any mutually agreed extended date. This development signifies a significant business win for the subsidiary and contributes to the company's order book. The transaction does not involve related parties.

HEG Advanced Materials Ltd. announced that its subsidiary, Replus Engitech Private Limited, has signed a Memorandum of Understanding (MoU) with Indus Towers Limited. This collaboration aims to explore Battery Energy Storage System (BESS) solutions for India's telecom infrastructure. Replus plans to dedicate 1.5 GWh of BESS production capacity over two years and expand its offerings to include higher-capacity systems and emerging technologies like sodium-ion batteries. The initiative seeks to strengthen domestic manufacturing and contribute to India's energy transition and a resilient energy storage ecosystem.

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.

HEG Advanced Materials Ltd has announced the closure of its trading window for designated persons and connected individuals. This restriction will be in effect from October 1st, 2026, until 48 hours after the announcement of the company's unaudited financial results for the quarter and half-year ending September 30th, 2026. The purpose of this closure is to comply with SEBI's Prohibition of Insider Trading Regulations, 2015, preventing potential misuse of unpublished price-sensitive information. The date of the board meeting to approve these financial results will be communicated separately.

HEG Ltd has filed a disclosure regarding changes in shareholding by the promoter group, LNJ Spark Advisory LLP & Others, following a scheme of arrangement. The promoter group's total shareholding in HEG Advanced Materials Limited (formerly HEG Limited) has increased from 56.28% to 60.72%. This change is a result of the allotment of shares pursuant to the scheme, which became effective on September 12, 2026. The total number of equity shares of the company has also increased.

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.

HEG Ltd announced that its subsidiary, Replus Engitech Private Limited, has received orders from Indus Towers Limited for the supply of Lithium-Ion Battery Banks. The total value of these orders is ₹217.56 Crore, inclusive of GST. The disclosure was revised to correct an omission regarding the currency amount. The orders are to be executed by March 31, 2027, or an extended mutually agreed date. This order falls under domestic transactions and does not involve related party interests.