ISGEC Heavy Engineering Ltd has informed stock exchanges about a senior management change following the retirement of Mr. Suman Kumar Jain, effective December 29, 2025. The company made this disclosure to both BSE and NSE in accordance with regulatory requirements.

Senior Management Retirement Details

The company announced that Mr. Suman Kumar Jain will retire and cease to be part of the senior management personnel with effect from the closing hours on December 29, 2025. Mr. Jain was associated with the Air Pollution Control Equipment Business division of the company.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 and other applicable regulations, read with Para A of Part-A of Schedule III of the SEBI Listing Regulations. The company specifically noted that the requirement to disclose a resignation letter with detailed reasons is not applicable in this case, as it pertains to a retirement rather than a resignation.

The company also referenced compliance with SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, in providing the necessary particulars for the senior management change.

Communication and Disclosure

ISGEC Heavy Engineering has made this information available on its official website at www.isgec.com as part of its transparency and disclosure obligations. The formal communication was signed by Kalyan Ghosh, Compliance Officer of the company, with membership number A10790.

The company maintains its registered office at Radaur Road, Yamunanagar 135001, Haryana, India, and operates under CIN: L23423HR1933PLC000097.

Isgec Heavy Engineering Ltd. has successfully completed its strategic acquisition of a 26% stake in FPEL HR1 Energy Private Limited, marking a significant milestone in the company's renewable energy expansion. The company received confirmation of the equity share allotment on December 17, 2025, following earlier agreements signed in October and updated in December.

Acquisition Details

Project Overview

FPEL HR1 Energy Private Limited is developing a solar power project on a captive basis in Ramanagar Village, Odhan, Mandi Kalanwali Tehsil, Sirsa District, Haryana. The project is designed to generate and supply solar power energy, aligning with Isgec Heavy Engineering's objectives to meet green energy needs and optimize energy costs.

Transaction Framework

The acquisition was structured through two comprehensive agreements:

These agreements establish the framework for Isgec Heavy Engineering's investment and future power purchase arrangements from the solar facility.

Regulatory Compliance and Disclosure

Isgec Heavy Engineering has maintained full regulatory compliance throughout the acquisition process. The company filed the completion update with BSE Ltd. and National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key compliance highlights include:

• Transaction classified as non-related party transaction
• No promoter or promoter group interest in FPEL HR1 Energy Private Limited
• Complete disclosure timeline from initial agreement to completion

Strategic Impact

This completed acquisition represents Isgec Heavy Engineering's commitment to sustainable energy solutions and cost optimization. The investment positions the company to benefit from renewable energy generation while supporting India's broader green energy transition. The solar project's captive nature ensures dedicated power supply for the company's operational requirements, potentially reducing long-term energy costs and carbon footprint.