Every Spin-Off
HEG Graphite (to be renamed HEG Ltd)
Date setINMakes graphite electrodes, used to melt scrap steel in electric arc furnaces, at a large plant in Mandideep, Madhya Pradesh, selling to steelmakers in India and abroad.
HEG's core graphite electrodes business, moved into HEG Graphite (to be renamed HEG Ltd); the parent, renamed HEG Advanced Materials, keeps the newer businesses and absorbs Bhilwara Energy.
- Status
- Date set
- Expected
- Listing pending (record date 7 Sep 2026)
- Parent
- HEG Advanced Materials (formerly HEG Ltd) (HEG IN)
- Spin-off ticker
- To be announced
- Listing
- NSE and BSE
- Market
- India
- Sector
- Industrials
Terms
1 HEG Graphite share (FV Rs 2) for every 1 HEG share (FV Rs 2) under a composite scheme that also merges Bhilwara Energy into the parent (8 HEG shares per 7 BEL shares); NCLT Indore sanctioned 13 Aug 2026; effective 1 Sep 2026; parent renamed 2 Sep 2026; record date 7 Sep 2026; listing on NSE and BSE pending.
Key dates
- NCLT sanction
- Scheme effective
- Parent renamed HEG Advanced Materials
- Record date
- Listing on NSE and BSE
Source documents
- Press releaseSource: multibagg.ai (name change and key dates)
- PresentationNot yet published
- Prospectus / demerger documentNot yet public
- Sourcesahi.com (NCLT approval)
- Sourcearihantcapital.com (demerger update)
Every Spin-Off research
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