Electrosteel Castings Limited has submitted a Postal Ballot Notice to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Dates and Procedures

  • Cut-off date for e-voting eligibility: Friday, 10 July 2026
  • Postal Ballot notice dispatch completed: 14 July 2026
  • Remote e-voting period: Wednesday, 15 July 2026 at 09:00 AM IST to Thursday, 13 August 2026 at 05:00 PM IST
  • Result declaration: On or before 14 August 2026
  • The company has engaged National Securities Depository Limited (NSDL) for remote e-voting facilities
  • Ms. Rashmi Bihani (FCA 064298) of M/s. Bihani Rashmi & Co. appointed as Scrutinizer

Special Business Resolution 1: Re-appointment of Mr. Uddhav Kejriwal

Proposed as Special Resolution for re-appointment as Whole-time Director for 5 consecutive years effective 16 June 2026.

Remuneration Details (Monthly):

Salary:

  • ₹9,36,600 from 16 June 2026 to 15 June 2027
  • ₹10,11,500 from 16 June 2027 to 15 June 2028
  • ₹10,92,400 from 16 June 2028 to 15 June 2029

Special Allowance:

  • ₹1,05,950 from 16 June 2026 to 15 June 2027
  • ₹1,14,500 from 16 June 2027 to 15 June 2028
  • ₹1,23,700 from 16 June 2028 to 15 June 2029

House Rent Allowance:

  • ₹5,61,960 from 16 June 2026 to 15 June 2027
  • ₹6,06,900 from 16 June 2027 to 15 June 2028
  • ₹6,55,440 from 16 June 2028 to 15 June 2029

Additional Benefits:

  • Conveyance Allowance/Reimbursement: At Actual
  • Medical Allowance: Up to one month's salary per annum
  • Group Medical and Accident Insurance Premium and Term Insurance: As per company rules
  • Club Fees: Maximum two clubs (excluding admission & life membership fees)
  • Leave and Leave Encashment: As per company rules
  • Gratuity: In accordance with Gratuity Fund Rules
  • Leave Travel Concession: Return passage for director and family up to one month's salary per annum
  • Other benefits and amenities: In accordance with company rules

Minimum Remuneration Clause: In event of absence or inadequacy of profits, the company would pay the specified salary, perquisites and allowances as minimum remuneration.

Termination: Either party may terminate by giving three months' notice in writing.

Special Business Resolution 2: Revision in tenure of Mrs. Priya Manjari Todi

Proposed as Special Resolution to revise tenure from 3 years to 5 years as Whole-time Director effective 14 February 2025, with all other terms and conditions including remuneration remaining unchanged from previously approved terms.

Director Background Information

Mr. Uddhav Kejriwal (DIN: 00066077):

  • Age: 47 years (DOB: 10 August 1978)
  • Qualification: Commerce graduate from Calcutta University
  • First appointment: 16 June 2003
  • Previous remuneration for FY 2025-26: ₹2,04,78,501 (including PF and Gratuity)
  • Board meetings attended in FY 2025-26: 5
  • Shareholding: 37,62,724 equity shares
  • Relationship: Son of Mr. Mayank Kejriwal (Joint Managing Director), brother of Mrs. Priya Manjari Todi
  • Directorship in other companies: 11 companies including Sri Gopal Investments Ventures Ltd., Murari Investment & Trading Co Ltd., Indian Chamber of Commerce, and others

Company Financial Performance

(Rs. in Lakh)

| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |

| Revenue from Operations | 5,03,253.91 | 6,74,588.28 | 6,93,801.41 |

| Other Income | 19,545.63 | 9,392.58 | 10,567.41 |

| EBITDA | 49,946.94 | 1,11,600.52 | 1,24,587.66 |

| Finance Costs | 12,672.06 | 14,181.44 | 20,185.53 |

| Depreciation and Amortization | 14,939.05 | 12,747.28 | 11,432.34 |

| Profit Before Tax and Exceptional Items | 22,335.83 | 84,671.80 | 92,969.79 |

| Exceptional Items | 3,838.26 | - | - |

| Profit Before Tax | 18,497.57 | 84,671.80 | 92,969.79 |

| Tax Expense | 5,363.60 | 13,459.48 | 19,364.30 |

| Profit After Tax | 13,133.97 | 71,212.32 | 73,605.49 |

Voting Procedures

Detailed e-voting instructions provided for shareholders holding securities in both demat and physical mode through NSDL platform. Helpdesk contacts provided for technical support.

Additional Information

  • Company nature: Manufacturer of Ductile Iron Pipe, Ductile Iron Fittings and Cast Iron Pipe
  • Incorporated: 1955, Commencement of Business: 1956
  • No foreign investments or collaborations
  • Company has reported profits for FY 2019-20 to 2025-26 despite challenges