Outcome of Board Meeting

HEGAM/SECTT/2026 November 3, 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: Outcome of Board Meeting held on November 3, 2026 Dear Sir/Madam, Pursuant to Regulation 30 & 33 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at its meeting held today i.e. November 3, 2026 have inter-alia approved and taken on record the following: 1. The Un-audited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026 along with Limited review report issued by M/s SCV & Co. LLP, Chartered Accountants, Statutory Auditors of the Company is enclosed as Annexure-l. 2. Formulation, adaption and implementation of the "HEG Advanced Materials Limited Employee Stock Option Plan 2026" for grant of Employee Stock options to the eligible employees of the Company and its subsidiaries under this plan, subject to the approval of shareholders and other regulatory authorities as may be applicable as per the provisions of the SEBI (Share Based Employee Benefit & Sweat Equity Shares) Regulations, 2021. The detailed disclosure is enclosed as Annexure – II. 3. Based on the recommendation of the Nomination & Remuneration Committee, Shri Hiren Pravin Shah, Managing Director & CEO of Replus Engitech Private Limited, a subsidiary company and Shri Ankur Khaitan, Managing Director & CEO of TACC Limited, a wholly owned subsidiary company, have been designated as Senior Management Personnel. The detailed disclosure is enclosed as Annexure – III. 4. Closure of LNJ Trading FZCO, a foreign wholly owned subsidiary of the Company situated in Dubai. The closure is being undertaken pursuant to a rationalization of the Group's overseas corporate structure. The Group's business interests and future opportunities in the jurisdiction will continue to be pursued through another subsidiary, enabling greater operational and administrative efficiency. The detailed disclosure is enclosed as Annexure – 5. Cessation of M/s. S.L. Chhajed & Co. Chartered Accountants, Internal Auditor: The detailed disclosure is enclosed as Annexure – V 6. Based on the recommendation of Audit Committee, appointment of M/s BGJC & Associates LLP, Chartered Accountants (FRN.003304N/N500056) as an Internal Auditor of the Company for the Financial Year 2026-27. The detailed disclosure is enclosed as Annexure – V 7. Alteration of the main object clause of Memorandum of Association (MOA) of the company by inserting the objects relating to Anode, Graphene, crucible, advanced carbon materials and other allied material, subject to the approval of shareholders. 8. Approval for grant of additional loan of Rs. 50 crore (revolving) to Replus Engitech Private Limited, a subsidiary of the Company. The detailed disclosure is enclosed as Annexure – VI 9. Approval relating to TACC Limited, a wholly owned subsidiary company. The Board of Directors of the Company have approved the following: a) Revised cost of completion of Phase-1 of 20,000 MT Anode project. The estimated revised cost is ~ Rs. 2,350 crore for Phase-1 capacity of 20,000 MT with target COD by June 27 of the anode project. b) Proposal for expansion plan by increasing the capacity from 20,000 MT to 44,000 MT. The estimated cost is ~ Rs. 1606 crore with target COD by March 2029. The detailed disclosure is enclosed as Annexure – VII c) Setting up of new plant to manufacture Crucible with capacity of 80,000 units P.A. The estimated cost is ~ Rs. 475 crore with target COD by September 2028. The detailed disclosure is enclosed as Annexure – VIII 10. Approval relating to HEG Graphene Materials Limited, a wholly owned subsidiary company. a) Setting up of manufacturing plant of 500 MT Graphene in two phases at an estimated cost of ~ Rs. 500 crore with target COD by September 2028. The detailed disclosure is enclosed as Annexure – XI Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed as annexures. The Board Meeting commenced at 02:30 P.M. and concluded at 08:30 P.M. Please take the above 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 SCV & C 0. LLP B-41, Panchsheel Enclave, New Delhi-110017 T: +91-11-41749444 CHARTERED ACCOUNTANTS E: delhi@scvindia.com ¢ W: www.scvindia.com Independent Auditor's Review Report on the Unaudited Standalone Financial Results of HEG Advanced Materials Limited (formerly known as HEG Limited) for the Quarter and Half year ended September 30, 2026, Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Review Report to The Board of Directors HEG Advanced Materials Limited (formerly known as HEG Limited) 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of HEG Advanced Materials Limited (formerly known as HEG Limited) (hereinafter referred to as “the Company"), for the quarter and half year ended September 30, 2026 ("the Statement"), being submitted pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“the Listing Regulations”). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with the listing regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditoorf the Entity”, issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Listing Regulations , including the manner in which it is to be disclosed, or that it contains any material misstatement. Noida Office : 505, 5th Floor Tower B, World Trade Tower, C-1, Sector 16, Noida - 201301 T: +91-120-4814400 Other Offices : Ludhiana * Mumbai * Bengaluru Emphasis of Matter 5. We draw attention to Note 3 to the Statement [Showing first 8,000 characters — download PDF for full document]