Isgec Heavy Engineering Limited has informed the Exchange about change in Management - Appointment of Mr. Rohit Garg, Senior Vice President as Unit Head - Steel Casting Factory at Muzaffarnagar and Senior Managemnent Personnel with effect from July 08, 2025
ISGEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Isgec Heavy Engineering's board, on July 8, 2025, approved several key changes. Two new Independent Directors, Mr. Rajiv Roy Chaudhury and Mr. Vivek Dhir, were appointed for 5-year terms. Existing Whole-time Directors Mr. Kishore Chatnani (CFO) and Mr. Sanjay Gulati were re-designated as Joint Managing Directors effective October 1, 2025, while retaining their current functional roles. Mr. Kalyan Ghosh was appointed as the new Compliance Officer, replacing Mr. Sachin Saluja who stepped down from that role but continues as Company Secretary. Mr. Subrata Roy was appointed as CEO of APCE & Utility Boiler, and Mr. Rohit Garg as Unit Head of the Steel Casting Factory in Muzaffarnagar. Additionally, the board approved an initial capital investment of Rs. 53.50 crores to set up a new factory in Kurukshetra, Haryana, for manufacturing mechanical presses to augment existing capacity.
The restructuring strengthens the leadership bench with experienced external hires and elevates existing senior executives, signaling continuity and growth focus. The Rs. 53.50 crore capex for a new presses factory points to capacity expansion and future revenue potential, likely to be viewed positively by shareholders.