HEG: Press Release /Media Release - Riju Jhunjhunwala appointed as Chairman of Malana Power and AD Hydropower
HEG (HEG) filed a disclosure titled "Press Release /Media Release - Riju Jhunjhunwala appointed as Chairman of Malana Power and AD Hydropower". The company is valued at about ₹6,556 crore.
What happened
HEG (HEG) filed a disclosure with the exchanges on 26 October 2026 at 04:54 PM titled "Press Release /Media Release - Riju Jhunjhunwala appointed as Chairman of Malana Power and AD Hydropower".
Company snapshot
HEG is a small-cap company in the Capital Goods sector, with a market value of about ₹6,556 crore.
The stock last traded at ₹198.8, against a 52-week range of ₹168.1–₹672 (70.4% below the high).
Before this filing the shares had moved −14.7% over the month and −13.4% over three months. Average daily turnover over the last 20 sessions was about ₹27.01 crore.
Promoters held 60.72% at the end of Q2 FY27, up 4.44% points from the previous quarter. Foreign institutions owned 5.30% and domestic institutions 12.76%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 613 | 71.8 | 3.72 |
| Q2 FY26 | 697 | 130.9 | 6.78 |
| Q3 FY26 | 656 | 141.3 | 7.32 |
| Q4 FY26 | 603 | -163.2 | -8.46 |
| Q1 FY27 | 681 | 109.5 | 5.67 |
What history shows
This is not the company's first management change disclosure: BCEIE has at least 12 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 2.6% on average the next trading day and was up 0.5% on average after five days (12 filings with price data).
Across 227 similar disclosures by other Capital Goods companies, shares moved +0.3% on average the next day and +0.6% over five days; 52% of them rose the next day.
Market-wide, 3,997 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 14 Sept 2026 | Resignation of Director/KMP/SMP | −9.3% | −1.8% |
| 14 Sept 2026 | Management change | −9.3% | −1.8% |
| 25 Aug 2026 | Resignation of Director/KMP/SMP | −1.3% | +1.0% |
| 24 Aug 2026 | Resignation of Director/KMP/SMP | −1.3% | +1.0% |
| 24 Aug 2026 | Management change | −1.3% | +1.0% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
- HEG Share Price - Live NSE: HEGAM Stock Price & Chart
- HEG Graphite changes name to HEG Limited effective Oct 12, 2026
- Total non-current assets of HEG Advanced Materials Limited – NSE:HEGAM
- HEG Advanced Materials Ltd announces change of name of HEG Graphite Ltd to HEG Limited
- HEG Advanced Materials Limited Estimates – NSE:HEGAM
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.