Isgec Heavy Engineering Limited — Others, 08-07-2025: Change in Management

Isgec Heavy Engineering Ltd. has announced a board meeting on July 8, 2025, where several key appointments and organizational changes were approved. Mr. Rajiv Roy Chaudhury and Mr. Vivek Dhir were appointed as Non-executive Independent Directors for five-year terms, pending shareholder approval. Mr. Kishore Chatnani and Mr. Sanjay Gulati were re-designated as Joint Managing Directors while continuing their current roles. Mr. Kalyan Ghosh was appointed as Compliance Officer and Key Managerial Personnel, succeeding Mr. Sachin Saluja who stepped down from compliance duties but remains Company Secretary. Senior management additions include Mr. Subrata Roy as Chief Executive – APCE & Utility Boiler and Mr. Rohit Garg as Unit Head, Steel Casting Factory. A new committee was formed to explore growth opportunities, and a capital investment of Rs. 53.5 Cr was approved for a new factory in Haryana to enhance mechanical press manufacturing capacity. Updated company policies on remuneration, insider trading, and materiality determination were also approved. These changes strengthen governance, compliance, and growth capabilities, indicating a strategic push towards operational expansion and enhanced leadership stewardship.