Electrosteel Castings Limited announced the approval of its unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2026. The company also noted the cessation of Mr. Amrendra Prasad Verma as an Independent Director and approved the re-appointments of Mr. Umang Kejriwal as Managing Director and Mr. Mayank Kejriwal as Joint Managing Director, each for a term of five consecutive years commencing April 1, 2027.
Financial Results and Leadership Appointments
Electrosteel Castings Limited has officially announced the outcome of its Board of Directors meeting held on November 13, 2026. A key resolution involved the approval of the company’s unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2026. These results, along with the Limited Review Reports from the Statutory Auditors, have been submitted in compliance with SEBI regulations.
Board Changes and Re-appointments
The Board also acknowledged the completion of the second and final term for Mr. Amrendra Prasad Verma as an Independent Director, leading to his cessation of directorship effective December 21, 2026. In significant leadership moves, the Board approved the re-appointment of Mr. Umang Kejriwal (DIN: 00065173) as the Managing Director for a term of five consecutive years, starting from April 1, 2027. His remuneration for the first three years of this term is also approved, subject to shareholder consent.
Furthermore, Mr. Mayank Kejriwal (DIN: 00065980) has been re-appointed as the Joint Managing Director for a similar term of five consecutive years, also effective from April 1, 2027. His remuneration for the initial three years has also been approved, pending shareholder approval. Both re-appointments confirm that the individuals are not debarred from holding such offices by any SEBI order or other regulatory authority.
Detailed Information on Appointees
Mr. Umang Kejriwal, aged approximately 74, brings over four decades of experience in the pipe manufacturing industry, having joined the company in 1975. He has held various senior positions, including Executive Director, Deputy Managing Director, and Managing Director, and is currently responsible for the overall management of the company’s operations. He is the brother of Mr. Mayank Kejriwal and father of Mrs. Radha Kejriwal Agarwal, Mrs. Nityangi Kejriwal Jaiswal, and Mr. Madhav Kejriwal.
Mr. Mayank Kejriwal, aged around 72, is a commerce graduate who joined the company in 1977. He has served as Executive Director, Deputy Managing Director, and Joint Managing Director, currently leading management and operational matters and actively involved in investor relations. He is instrumental in policy development and strategic planning. He is the brother of Mr. Umang Kejriwal and father of Mr. Uddhav Kejriwal Agarwal and Mrs. Priya Manjari Todi.
The meeting commenced at 11:30 hours and concluded at 15:00 hours.
Source: BSE
