intimation relating to Appointment of Senior Management personnel of the Company with effect from August 1, 2025
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Awaiting price reaction for this filing.
Forbes Precision Tools has made two changes to its senior management effective August 1, 2025. Mr. P. Shetty has been appointed as Senior Vice President — he is an external hire with over 30 years of experience in P&L management, B2B sales, and strategic planning, having previously served as Senior Director – Commercial across India and the Middle East at a multinational firm. Mr. Ravindra Kadam, the existing Senior Manager – Human Resource Management, has been redesignated as Senior Management Personnel; the filing notes this follows the recent exit of the previous HR head. Both appointments were approved by the Board on the recommendation of the Nomination and Remuneration Committee, and neither individual is related to any director, KMP, or promoter of the company.
The appointment of a seasoned external leader as SVP signals a focus on strengthening commercial and turnaround capabilities, which could be positive for operational performance. Shareholders should watch for execution of his strategic mandate in upcoming quarters.