Disclosure under SEBI Takeover Regulations

LLPIN: AAI-8377 Registered Office:- Bhilwara Bhawan, 40-41, Community Centre, New Friends Colony, New Delhi-110025 Tel. - 011-41628890 Email: lnj.sparkadvisoryllp10@gmail.com Disclosures under Regulation 10(6) –Report to Stock Exchanges in respect of any acquisition made in reliance upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 1. Name of the Target Company (TC) HEG Advanced Materials Limited (Formerly known as HEG Ltd.) 2. Name of the acquirer(s) Ravi Jhunjhunwala Rishabh Jhunjhunwala Rita Jhunjhunwala Riju Jhunjhunwala Redrose Vanijya LLP RSWM Limited RLJ Family Trusteeship Pvt. Ltd Norbury Investments Limited Microlight Investments Ltd. LNJ Spark Advisory LLP 3. Name of the stock exchange National Stock Exchange of India Limited where shares of the TC are listed (NSE) and BSE Limited (BSE) 4. Details of the transaction including Allotment of Shares pursuant to the rationale, if any, for the transfer/ Composite Scheme of Arrangement acquisition of shares. amongst HEG Limited (renamed as HEG Advanced Materials Limited) (Transferee Company) and HEG Graphite Limited (Resulting Company) and Bhilwara Energy Limited (Transferor Company) and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. 5. Relevant regulation under which the Regulation 10 (1) (d) (ii)-acquisition acquirer is exempted from making pursuant to a scheme- of arrangement open offer. involving the target company as a transferor company or as a transferee company, or reconstruction of the target company, including amalgamation, merger or demerger, pursuant to an order of a court or a tribunal under any law or regulation, Indian or foreign. 6. Whether disclosure of proposed acquisition was required to be made under regulation 10 (5) and if so, - whether disclosure was made and whether it was made within the Not Applicable timeline specified under the regulations. - date of filing with the stock exchange. 7. Details of acquisition Disclosures Whether the required to be made disclosures under under regulation 10(5) are regulation 10(5) actually made a. Name of the transferor / seller b. Date of acquisition c. Number of shares/ voting rights in respect of the acquisitions from each person mentioned in 7(a) above Not applicable d. Total shares proposed to be acquired / actually acquired as a % of diluted share capital of TC e. Price at which shares are proposed to be acquired / actually acquired 8. Shareholding details Pre-Transaction Post-Transaction No. of % w.r.t No. of % w.r.t share total share share total share s held capital of s held capital of TC TC A Each Acquirer / Transferee(*) Refer Annexure -1 B Each Seller / Transferor Note: This disclosure under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, is being made by LNJ Spark Advisory LLP, pursuant to an increase in its shareholding in Target company by more than 5% during the year. The increase in shareholding has arisen pursuant to the allotment of shares to the LNJ Spark Advisory LLP by the target company i.e. HEG Advanced Materials Ltd., in accordance with the Composite Scheme of Arrangement amongst HEG Limited (renamed as HEG Advanced Materials Limited) (Transferee Company) and HEG Graphite Limited (Resulting Company) and Bhilwara Energy Limited (Transferor Company) and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. LNJ Spark Advisory LLP is a part of the Promoter group and Persons Acting in concert. This is to be further informed that the overall shareholding of Promoter/Promoter Group including LNJ Spark Advisory LLP has been increased from 56.28% to 60.72%, which is less than 5% during the year. For and on behalf of the Promoter Group of HEG Advanced Materials Limited LNJ Spark Advisory LLP Ravi Jhunjhunwala Nominee of Designated Partner DPIN: 00060972 Date: 17th September, 2026