Electrosteel Castings Limited announced the resignation of Mr. Ashutosh Agarwal from his positions as Whole-Time Director and Chief Financial Officer (CFO). The resignation, submitted on June 11, 2026, is due to personal reasons. Mr. Agarwal will continue his duties until the close of business hours on August 10, 2026. He has confirmed that no material reasons beyond personal ones contributed to his decision.
Leadership Change at Electrosteel Castings
Electrosteel Castings Limited has formally accepted the resignation of Mr. Ashutosh Agarwal, who held the dual roles of Whole-Time Director and Chief Financial Officer (CFO). The resignation was tendered on June 11, 2026, and is effective from the close of business on August 10, 2026. Mr. Agarwal’s departure is attributed to personal reasons, as stated in his resignation letter.
Reason for Resignation
In his resignation letter, Mr. Ashutosh Agarwal confirmed that his decision to step down was solely due to personal reasons and that there were no other material factors influencing his departure from the company. He will continue to fulfill his responsibilities until his designated last day of service.
Service Tenure and Appreciation
Mr. Agarwal has served the company in his executive capacity and will be concluding his tenure on August 10, 2026. The company has acknowledged his contributions and wishes him well in his future endeavors.
Source: BSE
