StockWatch
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Castings & Forgings
Management Change7 Aug 2026, 03:54 pm

Electrosteel Castings Appoints Rajesh Daga as New CFO

AI Summary

Electrosteel Castings Ltd has announced the appointment of Mr. Rajesh Daga as the new Chief Financial Officer (CFO) of the company, effective August 11, 2026. This follows the resignation of Mr. Ashutosh Agarwal from the position of Whole-Time Director & CFO, effective August 10, 2026. Mr. Daga is a Chartered Accountant with over three decades of experience, primarily with Electrosteel Castings Ltd, holding key positions in Finance, Accounts, Purchase, and Sales. The board also approved the company's unaudited consolidated and standalone financial results for the quarter ended June 30, 2026.

Key Highlights

  • Rajesh Daga appointed as new CFO, effective August 11, 2026.
  • Ashutosh Agarwal resigns as Whole-Time Director & CFO.
  • Daga is a Chartered Accountant with extensive experience at the company.
  • Board approved Q1 FY27 unaudited financial results.
  • Company also approved manufacturing rubber products for Indian Railways.