Isgec Heavy Engineering Limited — Others, 08-07-2025: Appointment

Isgec Heavy Engineering Ltd. has announced a board meeting on July 8, 2025, during which several key management and strategic decisions were approved. Two new independent directors, Mr. Rajiv Roy Chaudhury and Mr. Vivek Dhir, were appointed for five-year terms, subject to shareholder approval. Mr. Kishore Chatnani and Mr. Sanjay Gulati were re-designated as Joint Managing Directors while retaining their current responsibilities. Mr. Kalyan Ghosh was appointed as Compliance Officer and Key Managerial Personnel, succeeding Mr. Sachin Saluja, who continues as Company Secretary. Senior management appointments include Mr. Subrata Roy as Chief Executive - APCE & Utility Boiler and Mr. Rohit Garg as Unit Head - Steel Casting Factory. The Board also constituted a Committee to explore growth options and approved Rs. 53.50 Cr initial investment to set up a new factory in Haryana to expand press manufacturing capacity. Updates to key corporate policies were also approved. These moves strengthen leadership, support growth plans, and reflect a focus on operational expansion, which is positive for shareholder value.