HEG: Physical shareholders must update KYC and demat shares for demerger

Demerger ratio announcedScheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

HEG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.0%Reaction day

₹672.95

prior close

₹675.00

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.7%-1.2% vs market

Electrodes & Refractories peers, median of 10sector-0.9%-1.1% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Smallcap 250 and 1.1 pts less than its Electrodes & Refractories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-0.1

15m

-0.4

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0-0.7-1.2-0.9-1.1

Next day

-2.7-0.3-2.3-0.2-2.5

-1.0+1.0-2.1+1.6-2.6

+0.6+1.2-0.6+2.0-1.4

+2.0+1.9+0.1+2.6-0.6

+1.6+2.1-0.5+2.1-0.5

+1.9+2.0-0.2+4.4-2.5

15d

+5.9+2.0+3.9+4.7+1.1

+8.5+2.2+6.3+2.6+5.9

-64.8-1.0-63.8-2.5-62.3

-65.0pendingpending-10.1-54.9

UpDownMarket · Nifty Smallcap 250Sector · Electrodes & Refractories peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

HEG is demerging its Graphite Business into HEG Graphite Limited under a Composite Scheme of Arrangement. Shareholders will get 1 share of HEG Graphite for every 1 share of HEG held. Physical shareholders must update KYC and dematerialize shares before the Record Date. If they fail to act, their entitlement will be credited to an escrow demat account, causing delays in retrieval. The scheme is filed under Sections 230-232 of the Companies Act, 2013.

Likely market impact

Physical shareholders must demat shares urgently before Record Date or face delays and extra paperwork to receive their HEG Graphite Limited shares.