{
  "id": 3286591,
  "title": "HEG fixes September 7 as record date for demeger",
  "url": "https://urgent.news/2026/08/25/heg-fixes-september-7-as-record-date-for-demeger",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T14:34:03.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/heg-fixes-september-7-as-record-date-for-demeger/article71389038.ece"
  },
  "original_language": "en",
  "account": "HEG Ltd, a graphite electrodes manufacturer, finalized the demerger process on September 7, marking the date when shareholders will be determined for receiving shares in the newly created entities. Shareholders holding HEG shares on this date will receive one fully paid-up equity share of ₹2 each from the resulting company for every equity share of ₹2 they held in HEG. In addition, Bhilwara Energy will merge with HEG, with HEG issuing eight equity shares for every seven shares held in Bhilwara Energy. HEG's graphite electrodes business will be transferred to HEG Graphite, which will later change its name to HEG Ltd and operate as an independent, pure-play graphite electrodes company. Meanwhile, the existing entity will focus on advanced materials, battery energy solutions, and green power, and will be renamed HEG Advanced Materials. Ravi Jhunjhunwala will serve as Chairman, Managing Director, and Chief Executive Officer of HEG Graphite starting September 1, while continuing his role on the board of HEG Advanced Materials. Riju Jhunjhunwala will take the helm as Chairman, Managing Director, and Chief Executive Officer of HEG Advanced Materials for a five-year term. Both Ravi and Riju Jhunjhunwala will lead the company into a distinct, globally competitive business, building upon their five decades of expertise in carbon science, graphitization, and industrial manufacturing to create advanced materials capabilities for global markets.",
  "summary": "Shareholders of HEG as on the record date will receive one fully paid-up share of face value ₹2 in the resulting company for every one share of face value ₹2 held, under a 1:1 entitlement",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}