Electrosteel Castings Limited has announced the introduction of a Voluntary Retirement Scheme – 2026 (the “Scheme”) for workmen at its Khardah Unit. The company believes the scheme will be mutually beneficial to both the workmen and the company. The financial impact and implementation status will be communicated in due course, in line with the company’s materiality policy.
Voluntary Retirement Scheme Approved
Electrosteel Castings Limited has officially approved the introduction of a new Voluntary Retirement Scheme – 2026. This scheme is specifically designed for the workmen employed at the company’s Khardah Unit. The Board of Directors considered and approved this initiative during a meeting held on November 13, 2026.
Mutual Benefits Anticipated
The company anticipates that the implementation of this Scheme will foster mutual benefits for both the employees participating in the retirement program and Electrosteel Castings Limited as a whole. This strategic move is part of the company’s ongoing efforts to optimize its workforce and operational structure.
Future Disclosures
Further details regarding the status of the Scheme’s implementation and its financial impact will be ascertained and communicated in due course. This disclosure will be made in accordance with the company’s established Policy for Determination of Materiality of an Event/Information.
Source: BSE
