Isgec Heavy Engineering Limited has informed the Exchange regarding Notice of 92nd Annual General Meeting and the Annual Report for the financial year 2024-25
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Isgec Heavy Engineering has notified the exchanges about its 92nd Annual General Meeting scheduled for Tuesday, September 16, 2025, at 11:00 a.m. IST, to be held via video conferencing. The record date and e-voting cut-off date is September 8, 2025, with the e-voting window open from September 13 to September 15, 2025. The Board has recommended a dividend of Rs. 5 per equity share (face value Re. 1) for FY25, subject to shareholder approval. Key agenda items include re-designation of Mr. Kishore Chatnani and Mr. Sanjay Gulati as Joint Managing Directors (effective October 1, 2025), appointment of two new Independent Directors (Mr. Rajiv Roy Chaudhury and Mr. Vivek Dhir) for five-year terms, ratification of cost auditor remuneration of Rs. 1.75 lakh, and appointment of M/s Pramod Kothari & Co. as Secretarial Auditors for a five-year term starting FY26.
Shareholders on the record date of September 8, 2025 will be eligible for the Rs. 5 per share dividend. The leadership restructuring with two new Joint Managing Directors and fresh Independent Directors signals continuity and strengthening of the management team, which is generally viewed as a governance positive.