FORCE MOTORS LTD has informed the Exchange regarding Appointment of Mr RISHI LUHARUKA as Key Managerial Personnel of the company w.e.f. Jun 10, 2025.
FORCEMOT · price
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Force Motors Ltd informed the stock exchanges about a change at the top finance position. Mr. Sanjay Kumar Bohra resigned as Chief Financial Officer (CFO) and Key Managerial Personnel, effective close of business hours on June 9, 2025, citing personal commitments. The Board approved the appointment of Mr. Rishi Luharuka as the new CFO and KMP, designated as 'Group CFO', effective start of business hours on June 10, 2025. Mr. Luharuka is a qualified Chartered Accountant and Chartered Financial Analyst, with over 23 years of experience across automotive components, mining, construction, and garment industries. Additionally, Ms. Ananya Bhattacharjee was added to Senior Management as Senior Divisional Manager (Corporate Communications), effective June 9, 2025. The Board meeting lasted just 11 minutes (3:30 p.m. to 3:41 p.m.).
A clean CFO transition with no disruption – the outgoing CFO resigned for personal reasons, and a seasoned finance professional (23+ years experience) takes over the next day. The new 'Group CFO' designation suggests a broader, group-level finance mandate. The sudden nature of the resignation may raise minor governance questions, but the immediate replacement should limit any negative market reaction.