Board Decision and Approval
The Board of Directors of Electrosteel Castings Limited, at its meeting held on 13 November, 2026, considered and approved the introduction of a Voluntary Retirement Scheme – 2026 (the "Scheme").
Scheme Details
The Scheme is specifically designed for workmen employed at the Company's Khardah Unit. The Company believes that implementation of the Scheme will be mutually beneficial to both the workmen and the Company.
Implementation Status and Financial Impact
The status of implementation of the Scheme and the financial impact thereof will be ascertained and communicated in due course, as per the Company's Policy for Determination of Materiality of an Event/information. Financial impact not quantified in the current disclosure.