Shareholders meeting

14 July, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 500128 Symbol: ELECTCAST Dear Sir / Madam, Sub: Submission of Notice of Postal Ballot of the Company and intimation of cut-off date for e-voting Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Postal Ballot Notice, together with Explanatory Statement sent to the members through electronic mode whose names appeared on the Register of Members / List of Beneficial Owners and whose e- mail addresses are registered with the Company / Depositories as on Friday, 10 July, 2026, i.e., Cut-off date. The Company has completed dispatch of the said Postal Ballot notice on 14 July, 2026. The remote e-voting shall commence on Wednesday, 15 July, 2026 at 09:00 a.m. IST and end on Thursday, 13 August, 2026 at 05:00 p.m. IST. The Company has engaged the services of National Securities Depository Limited (NSDL) for the purpose of remote e-voting facility to its members. This is for your information and records. Thanking You, Yours Faithfully, For Electrosteel Castings Limited Indranil Mitra Company Secretary ICSI: A20387 Encl: As above ELECTROSTEEL CASTINGS LIMITED CIN: L27310OR1955PLC000310 Registered Office: Rathod Colony, Rajgangpur, Sundergarh, Odisha 770 017, India Tel.: +91 06624 220 332; Fax: +91 06624 220 332 Corporate Office: G. K. Tower, 19 Camac Street, Kolkata 700 017, India Tel.: +91 033 2283 9990; Fax: +91 033 2289 4339 Website: www.electrosteel.com; E-mail ID: companysecretary@electrosteel.com NOTICE OF POSTAL BALLOT NOTICE is hereby given that pursuant to Section 110 of the Companies Act, 2013 (’Act’) read with Rule 22 of the Companies (Management and Administration) Rules, 2014 [including any statutory modification(s) or re-enactment(s) thereof, for the time being in force] and relevant provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’) read with the General Circular No. 03/2025 dated September 22, 2025 issued by the Ministry of Corporate Affairs (“MCA”) and Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024 issued by the Securities and Exchange Board of India (“SEBI”) including earlier circulars issued in this regard, (hereinafter collectively referred to as the “Circulars”) and other applicable provisions of the Act, Rules, Circulars and Notifications issued thereunder, to transact Special Business as mentioned hereunder, the Special resolution set out hereunder is proposed to be passed by the Members of the Company through electronic means. The Explanatory Statement, in terms of the provisions of Section 102 of the Act, setting out the material facts concerning the Special Business and the reasons thereof, is annexed herewith and is being sent to you, for your consideration. Ms. Rashmi Bihani (Membership No.: FCA 064298) of M/s. Bihani Rashmi & Co., Chartered Accountants, 5, Clive Row, (4th Floor), Room No. 92A, Kolkata 700 001, has been appointed by the Board of Directors as the Scrutinizer, after receiving her consent for the same, for conducting the Postal Ballot voting process in a fair and transparent manner. In compliance with the provisions of Section 108 of the Act, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended from time to time, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, the Company is pleased to offer the facility to vote through electronic means on the Resolutions proposed in this Postal Ballot Notice. The Company has engaged the services of National Securities Depository Limited (‘NSDL’), as the agency for facilitating e-voting, to provide the Members with an option to cast their votes electronically. Members desiring to opt for the e-voting facility are requested to read carefully the related Notes to this Postal Ballot Notice and instructions given thereunder. The Scrutinizer, upon completion of the scrutiny of votes casted by electronic means, will submit her Report to the Chairman or a person authorised by him, who shall countersign the same, and the result of the Postal Ballot will be declared on or before 14 August, 2026. The Result of the Postal Ballot, along with the Scrutinizer’s Report, will be posted under the ‘Investors’ section on the Company’s website, www.electrosteel.com and shall also be displayed on the Notice Boards of the Company at its Registered Office and at its Corporate Office. The Result of the Postal Ballot shall simultaneously be communicated to all the Stock Exchanges where the equity shares of the Company are listed and to NSDL. SPECIAL BUSINESS: 1. Re-appointment of Mr. Uddhav Kejriwal (DIN: 00066077) as a Whole-time Director of the Company To consider and if thought fit, to pass the following Resolution as a Special Resolution: “RESOLVED THAT pursuant to the provisions of Sections 152, 196, 197, 203 and other applicable provisions, if any, of the Companies Act, 2013 (‘Act’) read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 [including any statutory modification(s) or re-enactment(s) thereof, for the time being in force], read with Schedule V to the Act and applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), as amended from time to time and all guidelines and clarifications for managerial remuneration issued by the Ministry of Corporate Affairs from time to time and Articles of Association of the Company and pursuant to the recommendation of Nomination and Remuneration Committee and approval of the Board of Directors of the Company and subject to such approvals, permissions and sanctions, as may be necessary, consent of the Company be and is hereby accorded for the re-appointment of Mr. Uddhav Kejriwal (DIN: 00066077), as the Whole-time Director of the Company, for a term of 5 (five) consecutive years, with effect from 16 June, 2026, on the following terms and conditions including remuneration and perquisites for a period of 3 (three) years, as under: Particulars Details Salary Rs. 9,36,600 per month w.e.f. 16 June, 2026 to 15 June, 2027 Rs. 10,11,500 per month w.e.f. 16 June, 2027 to 15 June, 2028 Rs. 10,92,400 per month w.e.f. 16 June, 2028 to 15 June, 2029 Special Allowance Rs. 1,05,950 per month w.e.f. 16 June, 2026 to 15 June, 2027 Rs. 1,14,500 per month w.e.f. 16 June, 2027 to 15 June, 2028 Rs. 1,23,700 per month w.e.f. 16 June, 2028 to 15 June, 2029 Perquisites and Amenities House Rent Allowance Rs. 5,61,960 per month w.e.f. 16 June, 2026 to 15 June, 2027 Rs. 6,06,900 per month w.e.f. 16 June, 2027 to 15 June, 2028 Rs. 6,55,440 per month w.e.f. 16 June, 2028 to 15 June, 2029 Conveyance At Actual Allowance/Reimbursement Medical Allowance Up to a limit of one month’s salary per annum in accordance with the Rules specified by the Company Group Medical and Accident As per the applicable Rules and Regulations of the Insurance Premium and Term Company. Insurance Club Fees Fees of a maximum of two clubs excluding admission & life membership fees. Leave As per applicable rules & regulations of the Company. Encashment of Leave In accordance with the Company's Rules and Regulations. Contribution to Retiral Benefit The Company's contribution to Provident Fund as per Funds applicable Rules & Regulations of the Company. Gratuity in accordance with the Gratuity Fund Rules. Leave Travel Concession Return passage for Mr. Uddhav Kejriwal and his family up to a limit of one month’s salary per annum in accordance with the Rules specified by the Company. Other benefits, amenities and In accordance with Company’s Rules. facilities Minimum Remuneration In the event of absence [Showing first 8,000 characters — download PDF for full document]