Electrosteel Castings Limited has approved the re-appointment of Mr. Umang Kejriwal as the Managing Director and Mr. Mayank Kejriwal as the Joint Managing Director. Both appointments are effective from April 1, 2027, for a term of five consecutive years. The company also approved their remuneration for a period of three years, subject to shareholder approval. Additionally, the Board noted the completion of Mr. Amrendra Prasad Verma’s term as Independent Director and his consequent cessation of directorship on December 21, 2026.
Key Leadership Appointments Approved
Electrosteel Castings Limited has announced significant leadership appointments following a Board of Directors meeting held on November 13, 2026. The Board approved the re-appointment of Mr. Umang Kejriwal (DIN: 00065173) as the Managing Director of the Company. His term will commence on April 1, 2027, and extend for five consecutive years. Concurrently, Mr. Mayank Kejriwal (DIN: 00065980) has been re-appointed as the Joint Managing Director for an identical term, also effective from April 1, 2027.
Remuneration and Shareholder Approval
The remuneration for both Mr. Umang Kejriwal and Mr. Mayank Kejriwal has been approved for a period of three consecutive years, subject to the necessary approval from the Company’s Shareholders. The company has confirmed that neither individual is debarred from holding the office of director by any SEBI order or similar authority.
Cessation of Independent Director
In a separate resolution, the Board noted the completion of the second and final term of Mr. Amrendra Prasad Verma as an Independent Director. Consequently, his directorship will cease effective the close of business hours on December 21, 2026. Mr. Verma is not related to any other directors of the company.
Financial Results Approved
The Board also approved the Unaudited Consolidated and Standalone Financial Results of the Company for the quarter and half year ended September 30, 2026. These results, along with the Limited Review Reports from the Statutory Auditors, have been enclosed as per regulatory requirements.
Source: BSE
