Electrosteel Castings Limited has announced its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The company also reported the resignation of Whole-Time Director & CFO, Mr. Ashutosh Agarwal, effective August 10, 2026. Following this, the Board approved the appointment of Mr. Rajesh Daga as the new Chief Financial Officer, effective August 11, 2026.
Electrosteel Castings: Q1 FY27 Financial Highlights
Electrosteel Castings Limited has released its unaudited consolidated and standalone financial results for the first quarter of the fiscal year 2027, which concluded on June 30, 2026. The company has also received Limited Review Reports from its Statutory Auditors for these results.
Leadership Changes at CFO Position
In a significant organizational update, the company noted the resignation of Mr. Ashutosh Agarwal from his positions as Whole-Time Director and Chief Financial Officer (CFO). His resignation will be effective from the close of business hours on August 10, 2026. The Board of Directors has approved the appointment of Mr. Rajesh Daga as the new Chief Financial Officer, with his tenure commencing on Tuesday, August 11, 2026. Mr. Daga brings extensive experience in finance and accounts, having been with Electrosteel Castings Limited (ECL) since 1989.
Operational Approvals
Further, the Board has approved the manufacture of various rubber products for Indian Railways, including components for LHB Coaches and Vande Bharat trains. This initiative is in continuation of a previous resolution to set up a 12 TPD Rubber Gasket Plant at Punganur, Andhra Pradesh. The company will also be applying for vendor registration with Indian Railways for these specialized rubber products.
Source: BSE
