Isgec Heavy Engineering Limited has informed the Exchange regarding Appointment of Mr. Vivek Dhir as Non- Executive Independent Director of the company w.e.f. July 08, 2025.
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The Board of Isgec Heavy Engineering, at its meeting on July 8, 2025, approved several leadership changes including the appointment of two new Non-Executive Independent Directors—Mr. Rajiv Roy Chaudhury and Mr. Vivek Dhir—for a 5-year term each. Existing Whole-time Directors Mr. Kishore Chatnani (CFO) and Mr. Sanjay Gulati (Head-Manufacturing) have been re-designated as Joint Managing Directors effective October 1, 2025, while continuing their current functional roles. Mr. Kalyan Ghosh has been appointed as the new Compliance Officer, replacing Mr. Sachin Saluja who steps down from that role but continues as Company Secretary. The Board also cleared an initial capital investment of Rs. 53.50 crores to set up a new factory in Kurukshetra, Haryana, for manufacturing mechanical presses, and constituted a new Committee of Directors to explore organic and inorganic growth opportunities.
These changes strengthen the top management structure with two new independent directors and an expanded leadership team at the Joint MD level, while the Rs. 53.50 crore capex signals confidence in capacity expansion and future growth. The new growth committee suggests the company is actively evaluating strategic options that could enhance long-term shareholder value.