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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
HEG Advanced Materials Ltd

HEG Advanced Materials Subsidiaries Appoint Directors

MANAGEMENT ● No Immediate Change LOW RISK
📅 Filed on BSE: 26 Oct 2026, 09:49 PM IST  ·  BSE ID: bdd199b8-0b73-4eb4-84a1-0ffcbfa1244b
View Original BSE Filing (PDF)
💡
In Simple Terms
Two subsidiary companies of HEG Advanced Materials have changed their board members and leadership roles effective November 2026.
🤖 AI Summary
  • Malana Power Company appoints Shri Riju Jhunjhunwala as Additional Director and Chairman.
  • Shri Ravi Jhunjhunwala relinquishes Chairman role; reappointed Managing Director for five years.
  • Shri Om Prakash Ajmera appointed Joint Managing Director & CEO for five years.
  • Shri Om Prakash Ajmera relinquishes Chief Financial Officer position.
  • Appointments are effective November 3, 2026, and reappointments from November 1, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Malana Power Company Limited - Re-appointment of MD duration
five (5) years
Malana Power Company Limited - New Joint MD & CEO tenure
five (5) years
🏢 How This Affects the Company
📈
Business Impact
Changes in directorships at subsidiaries can influence strategic direction and operational management within those entities.
💰
Financial Impact
No immediate financial impact is indicated. Long-term financial outcomes depend on the new leadership's performance.
⚙️
Operational Impact
New appointments as Joint Managing Director & CEO and Chairman suggest a restructuring of leadership responsibilities within subsidiaries.
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Risk Impact
Changes in key management personnel introduce a period of transition, the outcome of which is subject to future performance.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this disclosure.
👤
Who Is Affected
Shareholders of HEG Advanced Materials are indirectly affected by changes in the leadership of its subsidiaries.
🔍
Management Signal
Management is demonstrating active governance by appointing experienced individuals to key leadership positions in subsidiaries.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
HEG Advanced Materials' board approval of subsidiary appointments.
Subsidiaries' subsequent board meeting minutes for executive actions.
Future financial results of subsidiaries reflecting new leadership.
LOW RISK Routine management changes at subsidiary level without immediate financial implications.
💡 Investor Takeaway
HEG Advanced Materials' subsidiaries Malana Power and AD Hydro have appointed new directors and leadership roles, effective November 2026.
❓ Frequently Asked Questions
What changes have been made at Malana Power Company Limited?
Shri Riju Jhunjhunwala is appointed Additional Director and Chairman, Shri Ravi Jhunjhunwala is reappointed Managing Director for five years, and Shri Om Prakash Ajmera is appointed Joint Managing Director & CEO for five years.
When do these director appointments and changes take effect?
The appointments and changes are effective from November 3, 2026, with reappointments commencing November 1, 2026.
Who is relinquishing which roles at Malana Power Company Limited?
Shri Ravi Jhunjhunwala is relinquishing the position of Chairman, and Shri Om Prakash Ajmera is relinquishing the position of Chief Financial Officer.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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