Ashutosh Agarwal Resigns from Electrosteel Castings as Whole-Time Director and CFO
Electrosteel Castings Limited has announced the resignation of Mr. Ashutosh Agarwal from his positions as Whole-Time Director and Chief Financial Officer (CFO). The transition, attributed to personal reasons, is set to conclude on August 10, 2026.Mr. Ashutosh Agarwal submitted his resignation letter on June 11, 2026, confirming that there are no material grounds for his departure apart from those stated in the notice. The company confirmed that Mr. Agarwal would continue serving until the close of business hours on August 10, 2026.
Details regarding the changes and disclosures were provided to stakeholders, including:
| Disclosure Requirement | Details |
|---|---|
| Reason for change | Mr. Ashutosh Agarwal tendered his resignation from the position of Whole-Time Director and CFO due to personal reasons and confirmed that there is no other reason for his resignation apart from those stated in his resignation letter. |
| Date of cessation, as applicable | August 10, 2026 |
| Brief Profile | Not Applicable |
| Disclosure of relationships between directors | Not Applicable |
The information confirms the circumstances and timeline surrounding the departure of Mr. Agarwal from Electrosteel Castings Limited.
ELECTCAST Stock Price Movement
As of 11:15 AM, shares of Electrosteel Castings Limited are slipping by 1.12%, currently trading at ₹69.95 after shedding ₹0.79 from its previous close. The stock has seen brisk activity this session, with a total of 388,922 shares changing hands in live market trading.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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