Event Details

HEG Limited held its 54th Annual General Meeting (AGM) on Wednesday, July 29, 2026, at 12:00 Noon IST. The meeting was conducted entirely through Video Conferencing/Other Audio Visual Means (VC/OAVM) without physical attendance of members, in compliance with circulars from the Ministry of Corporate Affairs (MCA) and SEBI. The deemed venue was the Registered Office of the Company at Mandideep (Near Bhopal), Distt. Raisen - 462 046, Madhya Pradesh.

Attendance

The following individuals attended the meeting via video conferencing:

  • Directors: Shri Ravi Jhunjhunwala (Chairman, Managing Director & CEO), Shri Riju Jhunjhunwala (Vice Chairman), Dr. Kamal Gupta (Non-Executive Director), Shri Shekhar Agarwal (Director), Shri Jayant Davar (Independent Director), Dr. Nand Gopal Khaitan (Independent Director), and Shri Manish Gulati (Executive Director).
  • Key Managerial Personnel: Shri O.P. Ajmera (Group CFO), Shri Puneet Anand (President and Group Chief Strategy Officer), Shri Ravi Kant Tripathi (CFO), and Shri Vivek Chaudhary (Company Secretary).
  • Auditors: Shri Sunny Singh (Statutory Auditor, SCV & Co LLP) and Shri Saket Sharma (Secretarial Auditor, GSK & Associates, who also served as Scrutinizer).

Independent Directors Smt. Ramni Nirula, Shri Sandip Somany, and Shri Priya Shankar Dasgupta were absent due to prior engagements.

Voting Process

Remote e-voting was provided to members from July 25, 2026 (9:00 AM IST) to July 28, 2026 (5:00 PM IST). E-voting was also available during the AGM for members who had not voted remotely. The Scrutinizer, Shri Saket Sharma, was appointed to oversee the voting process.

Meeting Proceedings

The Chairman, Shri Ravi Jhunjhunwala, presided over the meeting. The Notice of the AGM (dated June 22, 2026), Board Report, and Financial Statements for FY 2025-26 were taken as read. The Chairman delivered a statement on company performance, and Shri Riju Jhunjhunwala provided an update on the restructuring plan and business of HEG Advanced Materials Limited. Members' queries were addressed via chat box and speaker invitations.

Resolutions Voted On

The following items were transacted and voted upon:

1. Ordinary Business: Adoption of Audited Financial Statements for FY ended March 31, 2026, along with Reports of Board of Directors and Auditors.

2. Ordinary Business: Declaration of a Final Dividend of ₹3.40 per Equity Share (face value ₹2 each) for FY 2025-26.

3. Ordinary Business: Re-appointment of Shri Manish Gulati (DIN: 08697512) as Director, who retired by rotation.

4. Special Business: Approval for continuation of Shri Shekhar Agarwal (DIN: 00066113) as Non-Executive Non-Independent Director beyond the age of 75 years in FY 2027-28.

5. Ordinary Business: Ratification of remuneration of Cost Auditors for FY ending March 31, 2027.

Director Details (Annexure-2)

  • Shri Manish Gulati: Executive Director, age 57, first appointed March 1, 2020. Holds 4,000 equity shares in the company. Remuneration for FY 2025-26 was ₹421.86 lakhs. He holds one other directorship in HEG Graphite Limited.
  • Shri Shekhar Agarwal: Note included that he is currently 73 years and 8 months old and will attain 75 years in FY 2027-28, requiring shareholder approval under SEBI LODR Regulation 17(1A).

Outcome and Disclosure

Results of voting will be announced within 2 working days from the meeting conclusion (by July 31, 2026) and displayed on the company's website (www.hegltd.com) and NSDL's website (www.evoting.nsdl.com). Results will also be intimated to BSE Limited and National Stock Exchange of India Limited and displayed at the Registered Office and Corporate Office.

The meeting concluded at 12:49 PM IST, with e-voting remaining open for an additional 15 minutes.