Isgec Heavy Engineering Limited has informed the Exchange about General Updates - The Board of Directors approved the following 1. Constitution of Committee of Directors 2.Proposal of initial Capital Investment of Rs.53.50 Crores towards setting up a factory at village Bhartoli, Tehsil Ladwa, district, Kurukshetra, Haryana, India.
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Isgec Heavy Engineering's board approved an initial capital investment of Rs. 53.50 Crores to set up a new factory at Village Bhartoli, Kurukshetra, Haryana, for manufacturing mechanical presses, which will augment the existing press capacity at the Yamunanagar plant. The board also constituted a Committee of Directors to evaluate future organic and inorganic growth options to enhance shareholder value. Additionally, two new Independent Directors — Mr. Rajiv Roy Chaudhury and Mr. Vivek Dhir — were appointed for 5-year terms, subject to shareholder approval. Two existing Whole-time Directors, Mr. Kishore Chatnani (CFO) and Mr. Sanjay Gulati (Head-Manufacturing Units), were re-designated as Joint Managing Directors effective October 1, 2025.
The new factory signals expansion in the mechanical press segment and supports long-term growth plans, while the new growth committee suggests the company is actively exploring strategic opportunities. Leadership changes and the elevation of the CFO and manufacturing head to Joint MD roles point to continuity and stronger execution focus for shareholders.