Isgec Heavy Engineering Limited has informed the Exchange about Re-Designation of Mr. Sanjay Gulati, Whole-time Director and Head Manufacturing Units as a Joint Managing Director of the Company with effect from October 01, 2025, for the remaining duration of his existing term, i.e., up to June 27, 2026. He will continue to discharge his duties and function as Head Manufacturing Units alongside his role as Joint Managing Director
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Isgec Heavy Engineering's Board approved the re-designation of Mr. Sanjay Gulati from Whole-time Director & Head – Manufacturing Units to Joint Managing Director, effective October 01, 2025, for the remaining term up to June 27, 2026. Mr. Kishore Chatnani was similarly elevated to Joint Managing Director while continuing as CFO. The Board appointed two new Independent Directors — Mr. Rajiv Roy Chaudhury and Mr. Vivek Dhir — for 5-year terms starting July 08, 2025, subject to shareholder approval. Mr. Kalyan Ghosh was appointed as the new Compliance Officer, replacing Mr. Sachin Saluja, who will continue as Company Secretary. The Board also approved a Rs. 53.50 crore capital investment to set up a new mechanical press factory in Kurukshetra, Haryana, and constituted a Committee of Directors to evaluate organic and inorganic growth options.
The leadership elevations reward long-tenured insiders and ensure continuity, while the addition of two experienced independent directors strengthens board oversight. The Rs. 53.50 crore capex signals confidence in expanding the presses business and supports future growth, which is mildly positive for shareholders.