ISGEC Heavy Engineering Ltd., a leading name in the engineering and manufacturing sector, has announced the resignation of its Chief Information Officer (CIO), Mr. Sanjay Kumar Gharde. This change in senior management was communicated to the stock exchanges on January 3, 2025, as per Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

The resignation was effective from the close of business hours on January 3, 2025. Mr. Gharde, designated as a Senior Management Personnel, has served in the company as its CIO. A copy of his resignation letter, outlining the reasons for his decision, was also enclosed with the company's official communication.

Regulatory Compliance and Updates:

ISGEC has adhered to SEBI's disclosure norms, providing comprehensive details regarding this development. The key points disclosed include:

1. Reason for Change: The resignation of Mr. Gharde as CIO.
2. Date of Cessation: The resignation became effective as of the close of business on January 3, 2025.
3. Other Relevant Details: This resignation does not involve the appointment or reappointment of a director, and no relationships between directors were cited.

The company also confirmed that the information is available on its official website under the "Announcements/Exchange Filings" section in the "Other Filings" tab.

Leadership Transition:

The resignation of a senior executive like the CIO marks a significant development for ISGEC, a company renowned for its contribution to diverse industries including power, sugar, and steel manufacturing. While no new appointment has been announced to fill the vacancy left by Mr. Gharde, ISGEC is expected to announce further updates regarding its leadership structure in the coming weeks.

Commitment to Stakeholders:

ISGEC's prompt disclosure demonstrates its commitment to transparency and compliance with regulatory standards. Stakeholders can rest assured that the company is diligently managing this leadership transition while continuing to focus on its strategic objectives and operational excellence.

For more details, stakeholders and investors can visit the company’s official website at www.isgec.com.

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