ISGEC Heavy Engineering Re‑appoints Directors via Postal Ballot

Shareholders re‑appointed ISGEC Heavy Engineering Ltd.’s top directors with over 90% support, securing a five‑year leadership continuity.

• Voting results: 73,529,110 shares were eligible; 59,449,815 shares actually voted, reflecting a robust participation rate.
• Appointments confirmed for a five‑year term (May/June 2026 – June 2031): Aditya Puri (Managing Director), Kishore Chatnani and Sanjay Gulati (Joint Managing Directors), and Arvind Sagar (Independent Director).
• Approval margins:
  • Aditya Puri – 53,973,412 votes in favour (90.79%) vs. 5,476,403 against.
  • Kishore Chatnani & Sanjay Gulati – each received 59,430,647 votes in favour (99.97%) vs. 19,168 against.
  • Arvind Sagar – 54,533,039 votes in favour (91.73%) vs. 4,916,776 against.
• Investor take‑away: The overwhelming approval signals strong confidence in the current strategy and ensures strategic stability, while the modest dissent on the MD and Independent Director votes suggests limited concerns that do not affect the resolutions.