Investor Presentation

HEG/SECTT/2026 10th July, 2026 1 BSE Limited 2 National Stock Exchange of India Limited P J Towers Exchange Plaza, 5th Floor Dalal Street Plot No.C/1, G Block, Bandra - Kurla Complex MUMBAI - 400 001. Bandra (E), MUMBAI - 400 051. Scrip Code : 509631 Scrip Code : HEG Sub: Intimation of Schedule of Investor Meetings / Non-Deal Roadshow (NDR) Dear Sir/Madam, Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the management of the Company will be conducting physical Institutional Investor Meetings / a Non-Deal Roadshow (NDR) in Mumbai with approximately 12 to 15 leading fund houses and institutional investment firms, as per the schedule below: Type of Interaction Date Location Institutional Investor Meetings (Physical) / Non-Deal Roadshow (NDR) 15th & 16th July, 2026 Mumbai Topic / Business Focus: Overview of the Greentech business, which forms an integral part of the ongoing Composite Scheme of Arrangement of the Company. The discussions during the aforesaid meetings will be based on the investor presentation, a copy of which is enclosed with this letter and is also being made available on the Company's website. The senior management/ representatives of the Company participating in the interaction will not share, discuss, or disclose any Unpublished Price Sensitive Information (UPSI). The above schedule is subject to change due to exigencies on the part of the investors and/or the Company without any prior notice. This is for your information and records. Thanking you, Yours faithfully, For HEG Limited (Vivek Chaudhary) Company Secretary M.No. A-13263 heg.investor@lnjbhilwara.com Encl: as above Advanced Carbon / Clean Energy HEG GreenTech July2026 * Part of restructuring exercise Disclaimer This presentation has been prepared by HEG Limited and Bhilwara Energy Limited (together, the "Company") solely for information purposes and does not constitute, and should not be construed as, an offer, invitation, inducement or solicitation to purchase or subscribe for any securities of the Company, nor shall any part of it form the basisof,orbe relied upon in connection with, any contract orinvestment decision. This presentation contains forward-looking statements, including but not limited to statements relating to the proposed restructuring / Scheme of Arrangement, capacity expansions and timelines, capital expenditure plans, market and demand projections, order pipelines, expected returns and financial estimates. Such statements are based on current expectations, estimates and assumptions of the management and are subject to known and unknown risksand uncertainties; actual results maydiffer materially from those expressed orimplied. The Company undertakes no obligation to publicly update or revise any forward-looking statement. The proposed Scheme of Arrangement has received the approval of the board of directors of the Company and the requisite no-objection / observation letters from BSE Limited, the National Stock Exchange of India Limited and SEBI. As on the date of this presentation (July 10, 2026), the petition in respect of the Scheme has been heard by the Hon'ble National Company Law Tribunal, Indore Bench, which has reserved its order. The Scheme remains subject to the sanction of the NCLT and to such other statutory, regulatory and third-party approvals as may be required, and there can be no assurance that it will be sanctioned in its present form,within any particular timeframe, orat all. Certainindustry andmarket data contained in this presentation have beenobtained from third-party sources andinternal estimates and have not been independently verified; no representation or warranty, express or implied, is made as to their fairness, accuracy, completeness or correctness. Capacities and projects indicated asunder development /construction are subject to change. This presentation does not constitute investment, legal, tax oraccounting advice. HEG GreenTech July2026 Our "Greentech platform" is backed by Bhilwara Group’s 65+ year legacy of scaling large capex projects into profitable ventures Graphite Plastic LiB Anode Electrodes recycling material We have HEG LTD RSWM FibreGreen The Advanced LNJ GreenPET Carbon Company established (TACC) Ltd. flagship companies across multiple 1972 2014 2022 industries over 1961 1995 2021 2025 the last Textile Power Green Energy Greentech years (Hydro) & LiB Battery Platform Packs RSWM Ltd., Bhilwara Energy REPlus Engitech HEG Greentech Maral Overseas, ltd., Malana Power Pvt. Ltd Limited Co. Ltd., AD Hydro BSL Ltd.. Power Ltd. LNJ Energy Transition One philosophy, every business: the highest quality at the lowest cost. HEG GreenTech July2026 03 The Next Big Leap: An Energy Efficient India From Advanced Cell Components To Clean Energy HEG GreenTech July2026 04 Rationale of Restructuring The proposed restructuring / scheme of arrangement is subject to requisite approvals. Refer to the Disclaimer slide. HEG GreenTech July2026 05 Rationale for Restructuring Resultant Structure Promoter & promoter group ● Value unlock — Market prices each business on its own merits, not as a blended conglomerate. ● Investor focus — Direct, focused access to each line of business, with clearer visibility and 60.72% 56.28% sharper accountability. Public – Public HEG Greentech HEG Limited 39.28% 43.72% ● Shareholder value — Maximises long-term value (Listed) (Listed) creation for HEG shareholders. ● Funding flexibility — Each entity can raise Graphite Electrode capital independently to fund its own growth. ● Pure-play focus — Every business concentrates • 1,00,000 (FY 26) to 1,15,000 Tonne Capacity (FY 29) fully on its distinct core competencies. Advanced battery Green power generation materials and battery business • CPP –Thermal (66 MW) & ● Distinct brand — A standalone identity for the Hydro (13.5 MW) solutions business new-age green-technology business. • Hydro 1 (HP) : 192MW • 9.98% strategic investment in ● M&A-ready platform — A clean structure for • Advanced Battery material: • Hydro 2 (HP) : 86 MW GrafTech USA 20,000 MT future acquisitions and partnerships across HEG • Hydro3 :(UK) : 76 MW# Graphite and HEG Greentech. • Graphene : 150 MT • Solar: 300 MWp# • Battery Energy Solutions : 1 GWhto 6 GWh# • Wind (MH) : 14 MW # Under Development/Construction Proposed structure; subject to requisite approval. • BESS IPP (GJ) : 100/200 MWh# Capacity figures are targets based on management estimates and subject to change. HEG GreenTech July2026 06 Holding structure of the Greentech platform Integrated platform of high growth businesses in clean tech domain HEG Greentech* Shareholding: Promoters ~60.72%; Public ~39.28% 100% 74% 100% Advanced Battery Materials Battery Energy Solution Green power generation business 20,000 (FY 27) to 60,000(FY 32) 1 GWh (FY26) to 6 GWh (FY 27) 292 MW (FY 26) to 754 MW (FY28) Compounding on HEG’s graphite expertiseand Strategic forward integration into Hydro, solar & wind generation assets & BESS IPP - industry leadership, setting up largest domestic EV battery solutions, grid-scale BESS Storage led IPP Platform & hybrid applications anode material capacity, andsuccessfully piloted graphene (“Magic material”) The first listed platform of its kind — to create a strong manufacturing and R&D-driven platform through TACC and REPLUS, achieving autonomy across cell chemistries while scaling circular, cost-efficient clean energy solutions through Green power generation. * Part of proposed restructuring, subject to requisite approvals HEG GreenTech July2026 07 Capacity figures are targets per management estimates (refer Disclaimer) Advanced Battery Materials - Anode Materials (20,000 MT) - Graphene (150 MT) HEG GreenTech July2026 08 Anode Materials (20,000 MT) HEG GreenTech July2026 09 Anode Materials Global Demand & Growth Battery Landscape • Global Lithium-Ion Battery Production expected to grow [Showing first 8,000 characters — download PDF for full document]