Electrosteel Castings Limited — Others, 11-01-2025: Shareholders meeting

Electrosteel Castings Limited has submitted a Postal Ballot Notice for shareholders, detailing the remote e-voting schedule and cut-off date. The voting opens on 12 January 2025 and closes on 10 February 2025. Key proposals include the re-appointment and remuneration of Mr. Umang Kejriwal as Managing Director and Mr. Mayank Kejriwal as Joint Managing Director, both at a salary of ₹1.5 crore per annum, along with other benefits. The Company anticipates that the continued leadership of these experienced directors will sustain operational momentum and potentially enhance shareholder value, eliciting a positive outlook among investors.