Electrosteel Castings has accepted the retirement of two key executives, R.M. Gupta and Rashmi Ranjan Das, from their roles as Senior Vice Presidents. The departures are effective from the closing hours of July 31, 2026, marking the end of their tenure as Senior Management Personnel within the organization.

The company disclosed the changes in a filing submitted to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) on July 31, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.

R.M. Gupta served as the Senior Vice President for DIW, while Rashmi Ranjan Das held the position of Senior Vice President for LMW. Both individuals will cease to be part of the company’s senior management structure upon the conclusion of business hours on the specified date.

Executive Departures

The following table outlines the details of the personnel changes as disclosed in the regulatory filing:

Indranil Mitra, the Company Secretary of Electrosteel Castings Limited, signed the disclosure document. The filing confirmed that there are no applicable relationships between directors or other disclosures required under BSE circular no. LIST/COM/14/2018-19 and NSE circular no. NSE/CML/2018/24, both dated June 20, 2018, regarding these specific exits.

The retirement of these senior leaders represents a routine transition in the company’s management hierarchy. No immediate replacements were named in the disclosure.

Electrosteel Castings Limited has commenced a postal ballot and e-voting process to seek shareholder approval for the re-appointment of Mr. Uddhav Kejriwal and the revision of tenure for Mrs. Priya Manjari Todi as Whole-time Directors. The remote e-voting period runs from 15 July 2026 to 13 August 2026, with the cut-off date for determining eligibility set as 10 July 2026. The company has engaged National Securities Depository Limited (NSDL) to facilitate the electronic voting process.

The Board of Directors recommends the re-appointment of Mr. Uddhav Kejriwal for a term of five years effective 16 June 2026. The resolution proposes a specific remuneration package including salary, special allowance, and perquisites for a three-year period within the five-year tenure. The remuneration details are outlined in the table below.

Additionally, the company seeks approval to revise the tenure of Mrs. Priya Manjari Todi as Whole-time Director from three years to five years, with effect from 14 February 2025. This modification maintains the previously approved terms and conditions regarding remuneration. The Board states that the revision aligns with the maximum statutory limit prescribed under Section 196(2) of the Companies Act, 2013.

Ms. Rashmi Bihani of M/s. Bihani Rashmi & Co., Chartered Accountants, has been appointed as the Scrutinizer to oversee the postal ballot voting process. The results of the postal ballot will be declared on or before 14 August 2026 and will be communicated to the stock exchanges and posted on the company's website. The resolutions require a special majority to be passed.