Isgec Heavy Engineering Limited has informed the Exchange regarding Notice of Postal Ballot
ISGEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.8 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Isgec Heavy Engineering has issued a postal ballot notice seeking shareholder approval for the re-appointment of four directors. The resolutions include: (1) Mr. Aditya Puri as Managing Director for 5 years from May 1, 2026 to April 30, 2031, with a basic salary of Rs 21 lakh per month, plus perquisites up to Rs 20 lakh per month and commission capped at 2.5% of net profits; (2) Mr. Kishore Chatnani as Joint Managing Director and CFO for 5 years from June 28, 2026 to June 27, 2031, with total remuneration not exceeding Rs 3.52 crore in FY26-27; (3) Mr. Sanjay Gulati as Joint Managing Director and Head-Manufacturing for the same 5-year term, with total remuneration not exceeding Rs 3.53 crore; and (4) Mr. Arvind Sagar as Independent Director for a second consecutive 5-year term from June 28, 2026. E-voting runs from February 26, 2026 to March 27, 2026, with results expected by March 29, 2026. Mr. Aditya Puri is a Promoter and the son of Promoter Director Mr. Ranjit Puri.
This is a routine governance action ensuring leadership continuity at the top. Approval would lock in the existing management team for another 5-year term, providing stability but also committing the company to the proposed remuneration structure. The promoter group (including Mr. Aditya Puri) holds 62.43% of equity, so approval of these resolutions is largely assured. The MD's commission is tied to net profits, which aligns his interests with shareholders.