Isgec Heavy Engineering Limited has informed the Exchange about Change in Compliance Officer- Mr. Kalyan Ghosh, Chief Legal Officer of the Company appointed as a Compliance Office and Key Managerial Personnel of the Company with immediate effect (i.e., July 08, 2025), in terms of Regulation 6 of the Listing Regulations.
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Isgec Heavy Engineering's board approved multiple governance changes effective July 8, 2025. Mr. Kalyan Ghosh, the existing Chief Legal Officer, was appointed as the new Compliance Officer and Key Managerial Personnel, replacing Mr. Sachin Saluja, who stepped down from the Compliance Officer role but continues as Company Secretary. Two new Independent Directors — Mr. Rajiv Roy Chaudhury and Mr. Vivek Dhir — were appointed for 5-year terms, subject to shareholder approval. Additionally, two Whole-time Directors, Mr. Kishore Chatnani (also CFO) and Mr. Sanjay Gulati, were re-designated as Joint Managing Directors effective October 1, 2025. The board also cleared an initial capital investment of Rs. 53.50 crores to set up a new mechanical press manufacturing factory at Bhartoli, Kurukshetra, Haryana, which will augment existing capacity at the Yamunanagar facility.
The Rs. 53.50 crore capex signals a clear capacity expansion push in the press business, which could support future revenue growth. Multiple leadership changes appear to be part of internal restructuring with continuity, as no key executive has exited the company.