Isgec Heavy Engineering Limited has informed the Exchange about change in Management- Superannuation of Mr. Lazar Pilli, Officer on Special Duty.
ISGEC · price
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Isgec Heavy Engineering Limited has informed the stock exchanges that Mr. Lazar Pilli, Officer on Special Duty and part of the Senior Management, will retire (superannuate) and cease to be part of the senior management effective from the closing hours of May 02, 2025. The reason for the change is superannuation, and the company has clarified that no resignation letter with reasons is applicable in this case. The disclosure was made under SEBI Listing Regulations, and the intimation has also been posted on the company's website. This is a routine retirement of a senior management personnel and does not involve any director or key managerial personnel change.
This is a routine retirement due to superannuation of a senior management team member with no disruption to leadership. It is unlikely to have any material impact on the stock price or shareholder value.