Electrosteel Castings Limited announced the outcome of its Board of Directors meeting held on February 6, 2026. The Board approved the Unaudited Consolidated and Standalone Financial Results for the quarter and nine months ended December 31, 2025, along with the Limited Review Reports from the Statutory Auditors. Furthermore, the Board re-appointed Mr. Sunil Katial as the Whole-time Director and Chief Executive Officer of the Company for a term of five consecutive years, effective April 1, 2026. His remuneration for a term of three consecutive years was also approved, subject to shareholder approval at the ensuing General Meeting. Mr. Katial, with over 47 years of experience in the Steel and Power Industry, has been serving as CEO since January 29, 2019, and as Whole Time Director since April 1, 2020. The Board also granted consent for the company to enter into a Power Purchase Agreement to procure green power for its Srikalahasthi Works through a Special Purpose Vehicle (SPV). Electrosteel Castings will invest approximately ₹7.00 Crores for a 26% equity stake in the SPV, which will be jointly promoted with a Developer who will hold the remaining 74%. This initiative aims to reduce the company's green power obligation.
