Electrosteel Castings Limited has published newspaper advertisements regarding its postal ballot notice under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, seeking shareholder approval for the re-appointment of Mr. Sunil Katial as Whole-time Director and Chief Executive Officer. The company published the public notice on March 14, 2026, in Financial Express (all editions) in English and Pratidin (in Rajgangpur) in Odia.

Postal Ballot Advertisement Details

The newspaper advertisement confirms that the company has completed dispatch of the postal ballot notice on March 13, 2026, to members whose email addresses are registered with the company or depositories. The advertisement provides information on the e-voting process and timeline for shareholders.

E-voting Schedule and Process

The remote e-voting period is scheduled to commence on Saturday, March 14, 2026 at 09:00 a.m. IST and conclude on Sunday, April 12, 2026 at 05:00 p.m. IST. The company has set March 6, 2026 as the cut-off date for determining eligible shareholders for the e-voting process.

Proposed Re-appointment Details

The special resolution seeks to re-appoint Mr. Sunil Katial (DIN: 07180348) as Whole-time Director and Chief Executive Officer for a term of 5 consecutive years, effective from April 1, 2026. The proposal includes detailed remuneration structure for the initial 3 years of his tenure.

Remuneration Structure

Executive Profile and Experience

Mr. Sunil Katial, aged 69 years, holds a B.Tech. (Electrical Engineering) degree from Punjab Engineering College, Chandigarh. He brings over 48 years of experience in the Steel and Power Industry. His career spans various leadership roles, including over 26 years with Steel Authority of India, CEO position at a 1.3-million-ton Steel Plant in Nigeria, and President (Operations) role with Global Steel Holding Ltd in Libya.

Mr. Katial joined Electrosteel Castings Limited in November 2018 and was appointed as Chief Executive Officer effective January 29, 2019. He was subsequently appointed as Chief Executive Officer and Whole-time Director effective April 1, 2020, and re-appointed effective April 1, 2023. His current term expires on March 31, 2026.

Company Financial Performance

The company's recent financial performance demonstrates consistent profitability across multiple years:

The result of the postal ballot will be declared on or before April 14, 2026, and will be communicated to all stock exchanges where the company's equity shares are listed. Members whose names appear in the Register of Members or Beneficial Owners as on the cut-off date are eligible to participate in the e-voting process.

Electrosteel Castings Limited has issued a clarification to BSE Limited regarding significant volume movement in its scrip, responding to an inquiry dated March 12, 2026. The steel castings manufacturer addressed concerns about unusual trading activity in its shares through an official communication to the stock exchange.

Company's Response to Volume Inquiry

The company stated that the significant increase in trading volume is market-driven and remains outside the company's control. Electrosteel Castings emphasized that there are currently no events or information requiring disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance Commitment

Company Secretary Indranil Mitra signed the clarification, reaffirming the company's awareness of its disclosure obligations. The communication highlighted Electrosteel Castings' commitment to ensuring timely disclosure of any events or information required under SEBI regulations. The company assured stakeholders that it will continue to maintain transparency and comply with disclosure requirements as and when any material events occur.

Corporate Communication Details

The official response was digitally signed by Company Secretary Indranil Mitra on March 12, 2026, at 14:34:18 hours. The communication was addressed to BSE Limited's Phiroze Jeejeebhoy Towers office in Mumbai, maintaining formal protocol for regulatory correspondence. This clarification serves as part of the company's ongoing commitment to transparent communication with stock exchanges and regulatory authorities.