ISGEC Heavy Engineering Ltd

ISGEC Heavy Engineering board meeting filing received

Meeting Details

• Event: Analyst / Investor Meet for ISGEC Heavy Engineering Ltd.

Instruments Rated

• Fund-based/Non-fund-based working capital facilities: Rs 845 crore, rating A(Stable)/A2+.
• Unallocated limits: Rs 60 crore, rating A(Stable)/A2+.

Rating Agency

• ICRA Limited reaffirmed the ratings.

Rationale

• No change from prior rating; surveillance within one year.

Material Changes

• No change since last rating; latest rating communicated Oct 12, 2026.

Outlook / Sensitivities

• Outlook: Stable.

ESG rating update

• ESG rating of 57 assigned by Crisil ESG Ratings on 29 September 2026 based on public data.
• Company did not engage Crisil; rating independently prepared without company consultation.
• Crisil ESG Ratings and Analytics Limited is SEBI-registered Category 1 ESG rating provider.
• The intimation is uploaded on the ISGEC website for information and records.

AGM Details

• AGM held on 28-09-2026 via VC/OAVM; start 11:00, end 11:37.
• Record date 21-09-2026; total on-record shareholders 39,332.
• Attendance via VC: promoters group 4; public 87.
• Quorum achieved; meeting conducted through VC/OAVM.

Resolutions & Voting

• Resolution 1: Adoption of standalone financial statements; passed.
• Resolution 2: Adoption of consolidated financial statements; passed.
• Resolution 3: Dividend of Rs 6 per share; passed.
• Resolution 4: Re-appointment of Sanjay Gulati by rotation; passed.
• Resolution 5: Ratify remuneration of Cost Auditors for FY 2027; passed.
• Resolution 6: Related-party remuneration revision for Nayna Puri; passed.

Directors & Auditors

• Director changes: Sanjay Gulati re-appointed by rotation.
• Cost Auditor remuneration approved for FY 2027.

Dividend & Related Party Transactions

• Dividend declared and approved: Rs 6 per equity share.
• Related party transaction: Nayna Puri remuneration revision approved (subsidiary Saraswati Sugar Mills).

Other Governance Notes

• No additional material approvals disclosed.

AGM Details

• Date and time: 28 Sep 2026 at 11:00 IST via VC/OAVM
• Mode: Video Conferencing or Other Audio Visual Means (OAVM)
• Remote e-voting window: 25 Sep 2026 9:00 IST to 27 Sep 2026 5:00 IST
• AGM concluded at 11:37 IST
• NSDL provided remote e-voting; AGM conducted through VC/OAVM

Voting & Results

• Disclosures: results and Scrutinizer's report to be posted on company and exchange websites within 2 working days

Isgec Heavy Engineering Limited trading window closure