FORCE MOTORS LTD has informed the Exchange regarding Resignation of Mr Sanjay Kumar Bohra as Chief Financial Officer of the company w.e.f. Jun 09, 2025.
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Force Motors Ltd has announced that Mr. Sanjay Kumar Bohra has resigned as Chief Financial Officer and Key Managerial Personnel, effective from the close of business hours on June 9, 2025, citing personal commitments. The Board has simultaneously approved the appointment of Mr. Rishi Luharuka as the new CFO, designated as 'Group CFO', effective from the 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 has been added to Senior Management as Senior Divisional Manager for Corporate Communications. The Board meeting approving these changes lasted only 11 minutes (3:30 PM to 3:41 PM on June 9, 2025).
This is a like-for-like CFO transition with no gap in continuity, as the new CFO takes charge the very next working day. The new appointee brings strong finance and leadership credentials, which should reassure investors. No material reason for the outgoing CFO's departure has been indicated, and the smooth handover suggests minimal operational disruption; short-term stock impact is likely neutral.