ISGEC Heavy Engineering has received official approval from the Commission for Air Quality Management in National Capital Region and Adjoining Areas to resume full operations at its manufacturing unit in Village Nara, Meerut Road, Muzaffarnagar, Uttar Pradesh. The Commission granted permission through its letter dated April 09, 2026, marking the complete resolution of the closure matter.

Regulatory Timeline and Approvals

The operational resumption follows a structured regulatory process that began with the initial closure direction. The Commission had initially directed the company to close down all industrial operations at the Nara unit until further orders.

Compliance and Resolution

The company successfully complied with all directions and submitted requisite documents to obtain the final approval. The National Green Tribunal had earlier granted permission to resume operations subject to compliance with specific conditions outlined in its order dated May 30, 2025.

Financial and Operational Impact

The Nara manufacturing unit contributes approximately 3.50% of the company's standalone revenue. The resumption of full operations enables ISGEC Heavy Engineering to utilize its complete production capacity at this facility, strengthening its overall manufacturing capabilities.

The company has confirmed that the matter now stands closed following the Commission's approval, allowing normal business operations to continue at the Muzaffarnagar facility.

ISGEC Heavy Engineering Limited has successfully completed its postal ballot voting process, with shareholders approving all four resolutions through remote e-voting that concluded on March 27, 2026. The company announced the results on March 28, 2026, following the scrutinizer's report validation.

Postal Ballot Process Overview

The remote e-voting process commenced on February 26, 2026, at 9:00 AM and concluded on March 27, 2026, at 5:00 PM. The company had 40,222 total shareholders on the record date of February 20, 2026. The voting achieved significant participation with 80.85% of outstanding shares being voted.

Director Re-appointments Approved

Shareholders approved the re-appointment of four key directors through ordinary and special resolutions. The appointments include both executive and independent director positions for five-year terms.

Detailed Voting Results Analysis

The voting results demonstrated varying levels of shareholder support across all resolutions. The re-appointment of joint managing directors received the highest approval rates, while the managing director's re-appointment showed more mixed institutional investor sentiment.

Resolution 1 - Aditya Puri (Managing Director): The managing director's re-appointment received 100% promoter group support but only 43.58% support from public institutional investors, indicating mixed sentiment among institutional shareholders.

Resolutions 2 & 3 - Joint Managing Directors: Both joint managing directors received overwhelming support with 99.97% approval rates and strong backing across all shareholder categories, with minimal opposition votes.

Resolution 4 - Independent Director: The independent director's re-appointment for a second consecutive term received 91.73% approval, with institutional investors showing mixed response at 49.34% support.

Scrutinizer Validation and Compliance

Pramod Kothari of Pramod Kothari & Co., serving as the appointed scrutinizer, validated the entire voting process on March 27, 2026. The scrutinizer confirmed compliance with Section 108 and 110 of the Companies Act, 2013, and relevant SEBI regulations. The report confirmed that all resolutions were passed with requisite majority as per regulatory requirements.

The postal ballot process was conducted in accordance with Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015. The company utilized National Securities Depository Limited for providing remote e-voting facilities to shareholders. All voting results and scrutinizer reports have been uploaded to the company's website for transparency and regulatory compliance.