NSE: HEGAM · 29 October 2026
- HEG Advanced Materials has risen 13.00% over 2 trading sessions; today's move is +6.34%.
- The company issued a Postal Ballot Notice seeking shareholder approval through remote e-voting for the appointment of key leadership positions. The resolutions include appointing Shri Riju Jhunjhunwala as Managing Director and CEO for a five-year term starting September 1, 2026, alongside appointments of several non-executive and independent directors.
- Trading volume was 1.45 times the 20-day average daily volume.
HEG Advanced Materials share price: 13.00% rise over 2 trading sessions
HEG Advanced Materials Ltd. (HEGAM) shares moved up 6.34% today, trading between an intraday low of ₹225.70 and a high of ₹245.20 before closing at ₹243.25.
The broader market benchmark Nifty rose 1.05% during the trading session, reflecting a positive market environment. The stock outpaced the broader benchmark move, building on its recent 5-day return of 18.27%, although its 20-day return stands at a modest 2.10% following earlier consolidation phases.
While no single specific corporate announcement was explicitly linked as the immediate intraday catalyst for today's price action, the company recently issued a Postal Ballot Notice on October 28, 2026, seeking shareholder approvals for key leadership appointments, including Shri Riju Jhunjhunwala as Managing Director & CEO and several independent directors. Additionally, the company recently announced that its subsidiaries Malana Power Company Limited and AD Hydropower Limited appointed Shri Riju Jhunjhunwala as Chairman.
17.97 lakh shares traded by 29 October 2026 · 03:25 PM IST. This compares with a 20-day average daily volume of 12.39 lakh shares (1.45 times). The five-day average daily volume was 16.89 lakh shares. Separately, the NSE report for 28 October 2026 showed 10.12 lakh shares delivered, representing 23.77% of that day’s traded volume. The same report recorded 72,946 trades.
No same-day regulatory filing or corporate announcement was directly tied to today's price surge. The move appears driven by stock-specific momentum, continuation of recent positive return trends, and above-average trading volumes.
Latest Company Developments
The company issued a Postal Ballot Notice seeking shareholder approval through remote e-voting for the appointment of key leadership positions. The resolutions include appointing Shri Riju Jhunjhunwala as Managing Director and CEO for a five-year term starting September 1, 2026, alongside appointments of several non-executive and independent directors.
Securing formal shareholder backing for the top management structure is a key corporate governance milestone that ensures operational stability and strategic continuity.
The boards of subsidiary companies Malana Power Company Limited and AD Hydropower Limited approved the appointment of Shri Riju Jhunjhunwala as Chairman of each company, subject to board approval of HEG Advanced Materials. The changes also include re-appointing Shri Ravi Jhunjhunwala as Managing Director of Malana Power and elevating Shri Om Prakash Ajmera as Joint Managing Director and CEO of both subsidiaries.
Aligns the leadership of the group's underlying hydropower generation assets with the parent platform's green energy strategy.
The company informed the exchanges that the GST authority issued an order on October 15, 2026, dropping proceedings under Section 74 of the MPGST/CGST Act for FY 2020-21. The original show-cause notice had proposed recovery of IGST refunds and penalties amounting to ₹282.34 crore against the demerged entity.
Resolves a material tax dispute and removes a significant contingent regulatory overhang for the group.
'Intimation by Resulting Company (As per Composite Scheme of Arrangement) regarding dropping of proceedings by GST Authority for FY 2020-21'.
Receipt of orders by Replus Engitech Private Limited, a subsidiary of the Company.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 4.74% on 30 September 2026. This compares with 4.27% on 8 September 2026, a change of +0.47 percentage points.
The filing reported 23 MF/UTI holders.
Historical Bulk / Block Deals
What to Watch Next
- Outcome of the ongoing Postal Ballot e-voting ending on November 27, 2026
- Upcoming financial results and consolidated operational performance for the quarter ended September 30, 2026
- Execution progress on recent business orders secured by subsidiary Replus Engitech Private Limited
- Delivery percentage and cash volume trends relative to the 20-day average volume
Other Dated Coverage
More HEG Advanced Materials news and dated analysis →
Frequently Asked Questions
What is the latest HEG Advanced Materials company news?
The company issued a Postal Ballot Notice seeking shareholder approval through remote e-voting for the appointment of key leadership positions. The resolutions include appointing Shri Riju Jhunjhunwala as Managing Director and CEO for a five-year term starting September 1, 2026, alongside appointments of several non-executive and independent directors.
How strong was HEG Advanced Materials’s trading volume?
17.97 lakh shares traded, 1.45 times the 20-day average daily volume. The price and volume data are dated 29 October 2026 · 03:25 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.