Intimation by Resulting Company (As per Composite Scheme of Arrangement) regarding dropping of proceedings by GST Authority for FY 2020-21

HEGAM/SECTT/2026 October 15, 2026 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block- G, Dalal Street, Mumbai - 400 001 Bandra Kurla Complex, Bandra (East), SCRIP CODE: 509631 Mumbai - 400 051 SYMBOL: HEGAM Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”) Dear Sir/Madam, This is to inform that Company has received letter (copy enclosed) from HEG Limited (formerly known as HEG Graphite Limited), Resulting Company as per Composite Scheme of Arrangement, informing that the GST authority vide their order dated October 15, 2026, have dropped the proceedings under Section 74 of MPGST Act 2017 read with section 74 of CGST Act 2017 on the basis of information available on record with them for the tax period FY 2020-21. We request you to kindly take the said information on record. Yours truly, For HEG Advanced Materials Limited (formerly HEG Limited) Ravi Gupta Company Secretary & Compliance Officer FCS No.: 5731 Encl.: A/A ffiG PROUD IO EE INOIAN PRMILEG€O TO BE GLOBAL October 15,2026 HEG Advanced Materials Limited Mandideep (Near Bhopal), District Raisen - 462046, Madhya Pradesh, India Subject: Intimation regarding dropping of proceedings for FY 2020-al under Section 74 of the MPGST Act,2017 read with Section 74 of the CGST Act,2017 Dear Sir/Madam, We wish to inform you that pursuant to our disclosure dated November 10,2025, HEG Advanced Material Limited (Formerly known as HEG Limited) (Demerged Company) had intimated the Stock Exchanges regarding the receipt of show-cause notice from the Office of the Deputy Commissioner of State Tax (SGST), Mandideep Circle, Bhopal Division-2, proposing recovery of IGST refunds along with a penalty amounting to 7282.34 crore for the tax period FY 2020-2I. Further, we wish to inform you that the GST authority vide their order dated October 15,2026, have dropped the proceedings under Section 74 of MPGST Act2017 read with section 74 of CGST Act20l7 on the basis of information available on record r,vith them for the tax period FY 2020-21. The requisite details are as under Particulars Details Office of the Deputy Commissioner of State Tax, Name of the Authority Mandideep Circle, Bhopal Division-2, Bhopal Zone, Madhva Pradesh. The show-cause notice issued by the Office of the Deputy Commissioner of State Tax (SGST), Mandideep Circle, Bhopal Division-2, proposed recovery of IGST Details of any change in status or 2 refunds along with a penalty amounting to 7282.34 crorc development for FY 202011. The GST Authority has subsequently dropped the proceedings for the said financial year on the basis of the information available on record. Date of receipt of direction or order, including any ad-interim or interim a J October 15,2026 orders, or any other communication from the authority HEG LIMITED (Formerly known as HEG Graphite Limited) Corporate Office: C lsE oR 9T 0I 0F 1IED tlf ltfi C ISE OR I 1IF .1I 0E 0D 1 s# l1 qs6 sr l Office: Bhilwara Towers, A-12, Sector-1 (Near Bhopal) Noida-2O1 301 (NCR-Delhi), lndia C€RTIFIEO ffi16l Raisen - 462 046, rel. : +9'l -1 20-4390300 (EPBAX) ISO /t5001 *r lqr$l (Madhya Pradesh), lndia Tel +91 -7480-405500, 233524 to 233527 Email lD: lnvestor. heggraphite@lnjbhilwara.com ilwara.com r/i/ebsite: www. Inibhilwara.com Corporate lde niifi cation No: U23994M P2024P LC07 1 568 mited,com ffio 9Rouo to 8E lNDtAr{ PRIVILEGED 10 gE 6LO8AL The proceedings initiated under Section 74 of the MPGST Act,2017 read r,vith Section 74 of the CGST 4. Order Details Act,2017, for FY 2020-21 have been dropped on the basis of the information available on record. Nature and details of the action(s) The GST Authority has dropped the proceedings for taken or order(s) passed FY 2020-21. The show-cause notice had proposed recovery of IGST Details of the violation(s) or refunds along with a penalty of 1282.34 crore. The 6 contravention(s) committed or al leged proceedings for FY 2020-21 have since been dropped to have been committed by the GST Authority. Impact on the financial, operational or other activities of the listed entity, 7 Nil quantifiable in monetary terms to the extent possible You are requested to kindly take the above information on record and disseminate the same to BSE Limited and the National Stock Exchange of India Limited on behalf of HEG Limited (formerly known as HEG Graphite Limited). Thanking you, Yours faithfully, For HEG Limited (Formerly lcnown as HEG Graphite Limited) udharv Secretary bership No.: A13263 HEG LIMITED (Formerly known as HEG Graphite Limited) CERTIFIEO ffi CERTIFIED ffi Gorporate Office: lso 9001 lso 14001 Regd. Office: Bhilwara Towers, A-1 2, Sector-1 6 6 Mandideep (Near Bhopal) Noida-201 301 (NCR-Delhi), lndia ffi Distt. Raisen -462046, Tel. : +91-120-4390300 (EPB4^) C tsE oR I 4I 5F 0IE 01O * t-51 (Madhya Pradesh), India ts_:,#i Tel. : +91 -7480-405500, 233524 to 233527 Email lD: lnvestor.heggraphite@lnjbhilwara.com Email lD: heg.mdp@lnjbhilwara.com rlr/ebsite: www. lnibh ilwara.com Corpo raie ldentifi cation No: U23994M P2024P LC07 1 568 Website: www. heq-limited.com