Isgec Heavy Engineering Limited — Board Meeting, 08-07-2025: Outcome of Board Meeting

ISGEC has announced a board meeting on July 8, 2025, approving key leadership changes and strategic investments. Two seasoned professionals, Rajiv Roy Chaudhury and Vivek Dhir, joined as independent directors to strengthen governance. Kishore Chatnani and Sanjay Gulati were re-designated as Joint Managing Directors while retaining their CFO and manufacturing heads roles, respectively. Kalyan Ghosh replaced Sachin Saluja as Compliance Officer. Senior management additions include Subrata Roy as Chief Executive - APCE & Utility Boiler and Rohit Garg as Unit Head - Steel Casting Factory. The board greenlit a Rs 53.5 Cr capital investment to set up a new mechanical presses factory in Haryana, aimed at boosting capacity. A new committee was formed to explore growth opportunities, signaling a focus on long-term value creation.