HEG board reconstitution as composite demerger-merger scheme effective Sep 1

Ceo ResignedCfo ResignedMultiple Ind Directors ResignedPromoter Family Board EntryKmp ResignedManagement Changes View source PDF Explain this filing

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Price reaction · full curve 14 horizons · vs prior close

-0.9%1-day move

₹721.65

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₹718.55

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AI summary

HEG's Composite Scheme (demerger of graphite biz into HEG Graphite and amalgamation of Bhilwara Energy into HEG) becomes effective Sep 1, 2026. Record date Sep 7. Swap ratios: 1:1 for demerger; 8 HEG shares for every 7 Bhilwara Energy shares. Board reconstituted: Ravi Jhunjhunwala steps down as CMD-CEO, son Riju elevated to CMD-CEO. CFO and CS transfer to HEG Graphite; Neha Rajvanshi named new CFO, Ravi Gupta new CS. 4 Independent Directors resigned, 7 new directors appointed. Firm to rename as HEG Advanced Materials Limited.

Likely market impact

Promoter family leadership transition as Ravi Jhunjhunwala hands CEO role to son Riju. HEG shareholders to receive HEG Graphite shares; expanded entity post Bhilwara Energy merger.