FORCE MOTORS LTD has informed the Exchange regarding Appointment of Mr Rishi Luharuka as Chief Financial Officer (CFO) of the company w.e.f. Jun 10, 2025.
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Force Motors announced that Mr. Sanjay Kumar Bohra has resigned as Chief Financial Officer (CFO) and Key Managerial Personnel, effective from the close of business hours on 9th June 2025, citing personal commitments. The Board has approved the appointment of Mr. Rishi Luharuka as the new CFO, designated as 'Group CFO', effective from the start of business hours on 10th June 2025. Mr. Luharuka is a qualified Chartered Accountant and CFA with over 23 years of experience across automotive, mining, construction, and garment industries. Additionally, Ms. Ananya Bhattacharjee was appointed as Senior Divisional Manager (Corporate Communications) with effect from 9th June 2025. The Board recorded its appreciation for Mr. Bohra's contributions during his tenure.
This is a same-day succession at the CFO level, which minimises any transition gap. While sudden CFO exits can sometimes raise governance questions, the reason cited (personal commitments) and the strong credentials of the incoming Group CFO are likely to be viewed as neutral to slightly positive by investors.