Amic Forging Limited has informed the following changes: 1. Appointment of Mr. S Subrahmanyan as an additional director(Non Executive) of the Company with effect from October 3, 2025. ....
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Amic Forging Limited's Board, at its meeting on September 22, 2025, approved two key changes. Mr. S. Subrahmanyan, a retired senior board member of Hindustan Aeronautics Limited (HAL) with a background in mechanical and aircraft production engineering from IIT Madras, has been appointed as an Additional Director (Non-Executive) effective October 3, 2025, subject to shareholder approval. Separately, Mr. Anshul Chamaria has stepped down as Chief Financial Officer effective October 31, 2025, to focus on his role as Whole-Time Director and the company's growing strategic needs. Mr. Chamaria will continue on the Board as a Whole-Time Director, so there is no complete exit from the company.
The CFO resignation is partly a reshuffle rather than a full exit, which may limit any negative reaction, but investors will watch for clarity on succession plans for the CFO role. The appointment of an experienced aerospace industry veteran (former HAL board member) as a Non-Executive Director could be viewed positively, bringing strategic expertise relevant to the forging business.