NSE: HEGAM · 30 October 2026
- HEG Advanced Materials has risen 10.38% over 3 trading sessions; today's move is -2.37%.
- The company announced that its Corporate Identification Number (CIN) has been formally changed from L23109MP1972PLC008290 to L35100MP1972PLC008290. This change was effected following the alteration of the main object clause under the Composite Scheme of Arrangement approved by the NCLT Indore Bench.
- Trading volume was 0.84 times the 20-day average daily volume.
HEG Advanced Materials share price: 10.38% rise over 3 trading sessions
HEG Advanced Materials Ltd. (HEGAM) declined 2.37% today, settling at ₹237.61 after moving between an intraday low of ₹234.47 and a high of ₹245.01.
In broader market context, the benchmark Nifty gained 0.51%, contrasting with the downward pressure observed in the stock. The move follows a short-term pullback after a sharp rally, with the stock having posted a 5-day return of 19.53% prior to today's session, indicating some profit-taking and cooling off following robust recent gains.
On the corporate front, the company recently announced that its Corporate Identification Number (CIN) was altered from L23109MP1972PLC008290 to L35100MP1972PLC008290, following the NCLT-approved Composite Scheme of Arrangement. Furthermore, the company issued a Postal Ballot Notice seeking shareholder approval for key managerial appointments, including the designation of Shri Riju Jhunjhunwala as Managing Director & CEO from September 1, 2026, to August 31, 2031, alongside board appointments across subsidiaries like Malana Power Company Limited and AD Hydropower Limited. While these updates provide structural context to the newly reorganised advanced materials platform, today's negative price action appears largely technical in nature following recent strong outperformance.
10.85 lakh shares traded by 30 October 2026 · 03:25 PM IST. This compares with a 20-day average daily volume of 12.97 lakh shares (0.84 times). The five-day average daily volume was 19.85 lakh shares. Separately, the NSE report for 29 October 2026 showed 7.74 lakh shares delivered, representing 42.51% of that day’s traded volume. The same report recorded 38,470 trades.
The stock declined 2.37% on below-average volume (0.84x of 20-day average) following a sharp 19.53% return over the preceding 5 trading sessions. The move appears consistent with routine profit-taking after recent outperformance rather than any direct negative corporate catalyst.
Latest Company Developments
The company announced that its Corporate Identification Number (CIN) has been formally changed from L23109MP1972PLC008290 to L35100MP1972PLC008290. This change was effected following the alteration of the main object clause under the Composite Scheme of Arrangement approved by the NCLT Indore Bench.
Reflects the formal regulatory transition following the corporate restructuring and demerger scheme.
The company issued a Postal Ballot Notice to seek shareholder approval through remote e-voting for the appointment of Shri Riju Jhunjhunwala as Managing Director & CEO for a five-year term from September 1, 2026, to August 31, 2031. The notice also covers the appointment of several non-executive and independent directors.
Formalizes the leadership structure and governance framework of the reorganised entity.
The boards of subsidiaries Malana Power Company Limited and AD Hydropower Limited appointed Shri Riju Jhunjhunwala as Chairman, aligning the green power assets under HEG Advanced Materials. Shri Ravi Jhunjhunwala will continue to serve on both boards to provide guidance and continuity.
Consolidates governance across the group's hydropower and renewable energy generation assets.
'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
- Upcoming unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, scheduled for November 3, 2026
- Implementation and progress of the 'HEG Advanced Materials Limited – Employee Stock Option Plan 2026'
- Results of the ongoing Postal Ballot e-voting concluding on November 27, 2026
- Operational performance and energy generation updates from subsidiary clean energy assets under Malana Power and AD Hydropower
Other Dated Coverage
- HEG Advanced Materials Share Price Today: Rises 13.00% in 2 Trading Sessions | 29 October 2026 — 29 October 2026
- HEG Advanced Materials Share Price Jumps 8.13% Intraday, Closes 6.26% Higher | 28 October 2026 — 28 October 2026
More HEG Advanced Materials news and dated analysis →
Frequently Asked Questions
What is the latest HEG Advanced Materials company news?
The company announced that its Corporate Identification Number (CIN) has been formally changed from L23109MP1972PLC008290 to L35100MP1972PLC008290. This change was effected following the alteration of the main object clause under the Composite Scheme of Arrangement approved by the NCLT Indore Bench.
How strong was HEG Advanced Materials’s trading volume?
10.85 lakh shares traded, 0.84 times the 20-day average daily volume. The price and volume data are dated 30 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.