Balu Forge Industries Limited has informed the Exchange regarding Appointment of Mr Sandeep Singh Chadha as Chief Financial Officer of the company w.e.f. May 26, 2026.
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Balu Forge Industries Limited announced that Mr. Amit Ashok Todkari has resigned as Chief Financial Officer and Key Managerial Personnel (KMP) with effect from May 25, 2026, citing personal reasons. The company confirmed no material reasons beyond personal reasons for the departure. Mr. Sandeep Singh Chadha, a qualified finance professional with an MBA in Finance and over 5 years of experience in financial planning, corporate accounting, treasury management, and regulatory compliance, has been appointed as Interim CFO effective May 26, 2026. The company has stated it has begun evaluating both internal and external candidates for the permanent CFO role.
The departure of the CFO creates management transition risk in the short term. However, since the resignation cites only personal reasons with no material concerns flagged, and an interim CFO with relevant experience has been appointed, the market impact may be limited. The ongoing search for a permanent CFO will be monitored.