Welcast Steels Reports Narrowed Losses and Appoints New CEO
Welcast Steels Limited reported a net loss of ₹29.42 lakhs for Q1 FY2026, an improvement from ₹58.10 lakhs loss in Q1 FY2025. Revenue decreased to ₹2,278.46 lakhs from ₹2,436.88 lakhs year-over-year. The company announced leadership changes with Mr. V.V.R. Mohana Rao resigning as CEO due to health reasons, effective July 31, 2025. Mr. Gangadurai M., with 48 years of foundry industry experience, has been appointed as the new CEO effective August 6, 2025.
31Jul 25
Welcast Steels CEO V. V. R. Mohana Rao Steps Down
Welcast Steels Limited announced the resignation of its Chief Executive Officer, V. V. R. Mohana Rao. The resignation was formally submitted to BSE Limited on July 31st, 2025, following an initial communication on July 28th, 2025. The company, headquartered in Ahmedabad, Gujarat, promptly disclosed this development in compliance with SEBI listing regulations. No information about a successor or interim leadership has been provided yet.