HEG Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 20, 2025
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HEG Limited has submitted its 53rd AGM notice and Annual Report for FY 2024-25 to the exchanges. The AGM is scheduled for August 20, 2025 at 12:30 PM via video conferencing. The company's FY25 financial performance showed a significant decline: revenue from operations fell to ₹2,153 crore from ₹2,395 crore, EBITDA dropped to ₹388 crore from ₹526 crore, and net profit nearly halved to ₹101 crore from ₹232 crore. EPS came in at ₹3.86 versus ₹7.19 in FY24. Despite weak results, the company maintained 80% capacity utilization at its 100,000-tonne single-site plant in Mandideep. Management announced a ₹1,850 crore graphite anode project expected by 2027 and a board-approved scheme to demerge the graphite electrode business into a separate listed entity (HEG Graphite Limited), with the anode business staying under HEG Limited.
This filing is procedural for the AGM, but the embedded annual report highlights a tough year with profits down ~56% YoY. Shareholders should note the significant decline in dividends (₹164 cr to ₹87 cr) but also the company's strategic moves—the demerger and anode plant expansion—which could unlock long-term value if executed well.