Balkrishna Industries: CFO Madhusudan Bajaj retires, Saroj Khuntia appointed

Board & Shareholder Meetings View source PDF

BALKRISIND · price

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Price reaction · full curve 14 horizons · vs prior close

+0.4%1-day move

₹2250.10

prior close

₹2264.00

base price

After-mkt

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-1.2-0.8-1.0-0.9+0.4-0.0-0.8-1.2-0.6-2.7+0.2-8.5——

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AI summary

Balkrishna Industries' CFO Madhusudan Bajaj retired via superannuation on June 17, 2026 (not a resignation). He will continue as Special Advisor to the Chairman and MD for continuity. The Board appointed Saroj Kumar Khuntia, a Fellow Chartered Accountant with 24 plus years in corporate finance, strategy, treasury, and capital markets, as the new CFO from June 18, 2026. Khuntia has prior stints at CG Power, Mahindra and Mahindra Group, IBM, and Hindustan Lever.

Likely market impact

Planned leadership transition at the CFO level. Bajaj stays on as advisor for continuity. New CFO brings strong finance and strategy experience.