Outcome of Board meeting held on September 22, 2025
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Amic Forging Limited's board, at its meeting on September 22, 2025, approved two key changes. Mr. Anshul Chamaria resigned as Chief Financial Officer effective October 31, 2025, but will continue as Whole-Time Director to focus on strategic initiatives amid growing operations. Mr. S. Subrahmanyan, a retired Hindustan Aeronautics Limited (HAL) board member with extensive aerospace and engineering experience, was appointed as an Additional Non-Executive Director from October 3, 2025, subject to shareholder approval. The transition appears planned, with the outgoing CFO citing the need to devote greater focus to his Whole-Time Director responsibilities. No replacement CFO has been announced in this filing.
The CFO exit is softened by Mr. Chamaria's continuation as Whole-Time Director, preserving management continuity. The appointment of a seasoned aerospace industry veteran signals a possible strategic push into the aerospace segment, which could be viewed positively by investors, though investors should watch for the upcoming CFO appointment announcement.