ISGECNSEIsgec Heavy Engineering LimitedMediumNeutral
Announced Sat, 28 Mar · 16:13 IST

Isgec Heavy Engineering Limited has submitted the Exchange about Voting Results of Postal Ballot along with Scrutinizer's Report.

Management Changes View source PDF

ISGEC · price

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▲ 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
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AI summary

Isgec Heavy Engineering has announced the results of its postal ballot conducted via remote e-voting between February 26 and March 27, 2026. All four resolutions were approved by shareholders. Mr. Aditya Puri has been re-appointed as Managing Director for a five-year term starting May 1, 2026, with 90.79% votes in favour. Mr. Kishore Chatnani and Mr. Sanjay Gulati have been re-appointed as Joint Managing Directors for five-year terms from June 28, 2026, both receiving nearly unanimous support at 99.97%. Mr. Arvind Sagar has been re-appointed as Non-Executive Independent Director for a second consecutive five-year term, with 91.73% votes in favour. Mr. Aditya Puri is a promoter and the son of Mr. Ranjit Puri, who is also a Director and Promoter. The other appointees are non-promoters with no inter-director relationships.

Likely market impact

Shareholders have endorsed the existing leadership team with comfortable margins, ensuring continuity at the top and on the board. The strong approval percentages (above 90% across all resolutions) suggest broad shareholder confidence, and no material governance red flags were raised in the voting.