ISGEC Heavy Engineering Ltd Issues Letter of Comforts for ₹6100 Lakhs

ISGEC Heavy Engineering Ltd has issued Letters of Comfort totaling ₹6100 Lakhs (₹61 Crore) in favor of the bankers of its joint venture and subsidiary, Isgec Titan Metal Fabricators Private Limited. This action follows an earlier intimation regarding corporate guarantees not exceeding ₹6550 Lakhs (₹65.50 Crore) for the same entity. The Board of Directors also approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, recommended a dividend of ₹6 per equity share, and approved a capital expenditure of ₹25 Crore for capacity addition in its Steel Castings division. Additionally, the composition of the Committee of Directors was revised.