Bhagiradha Chemicals & Industries Limited has informed the Exchange regarding 'Retirement And Appointment Of CFO In Wholly Owned Subsidiary'.
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Bhagiradha Chemicals' wholly owned subsidiary, Bheema Fine Chemicals Private Limited, has announced the retirement of Mr. B. Krishna Mohan Rao as its Chief Financial Officer and Key Managerial Personnel, effective from the close of business hours on February 28, 2026. To ensure continuity, the subsidiary's board has approved the appointment of Mr. Ranjit Kumar Kilaru as the new CFO and KMP, effective March 1, 2026. Mr. Kilaru is a Chartered Accountant with over 23 years of experience across banking, manufacturing, and financial advisory, including 13+ years at Axis Bank in senior leadership roles and prior stints at ICICI Bank, IFB Industries, and Ballarpur Industries. The change is limited to the subsidiary level and is being made under SEBI's Listing Regulations disclosure requirements.
This is a routine, well-managed leadership transition at the subsidiary level with an experienced finance professional taking over, so it is unlikely to have any material impact on the parent company's operations or share price.