ISGECNSEIsgec Heavy Engineering LimitedMediumNeutral
Announced Sat, 28 Mar · 16:17 IST

Isgec Heavy Engineering Limited has informed the Exchange regarding Change in Director(s) of the company.

Management Changes View source PDF

ISGEC · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+2.5%1-day move
₹886.50
prior close
₹886.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.8-0.2-0.2+0.3+2.5+3.2+3.8+2.9+4.0+13.0+19.2+21.7+1.9+4.1
Up moveDown movePending
AI summary

Isgec Heavy Engineering shareholders approved the re-appointment of four directors through a postal ballot (remote e-voting from February 26 to March 27, 2026). Mr. Aditya Puri was re-appointed as Managing Director for a 5-year term starting May 1, 2026, with 90.79% votes in favour. Mr. Kishore Chatnani and Mr. Sanjay Gulati were re-appointed as Joint Managing Directors for 5-year terms from June 28, 2026, both receiving 99.97% approval. Mr. Arvind Sagar was re-appointed as a Non-Executive Independent Director for a second consecutive 5-year term from June 28, 2026, with 91.73% approval. All four resolutions passed with the required majority. Mr. Aditya Puri is a promoter and the son of Director & Promoter Ranjit Puri, confirming family involvement at the top.

Likely market impact

This is a routine governance update that locks in leadership continuity for the next five years. Strong shareholder support (above 90% for each resolution) signals confidence in the existing management and is unlikely to materially move the stock price.