FORCE MOTORS LTD has informed the Exchange regarding Appointment of Mr RISHI LUHARUKA as Chief Financial Officer of the company w.e.f. Jun 10, 2025.
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Force Motors Ltd announced a change in its Chief Financial Officer on June 9, 2025. Mr. Sanjay Kumar Bohra resigned as CFO and Key Managerial Personnel, effective from the close of business on the same day, citing personal commitments. The company expressed appreciation for his contributions during his tenure. To fill the vacancy, the Board appointed Mr. Rishi Luharuka as the new CFO and KMP, designated as 'Group CFO', effective from the start of business on June 10, 2025. Mr. Luharuka is a qualified Chartered Accountant (CA) and Chartered Financial Analyst (CFA) with over 23 years of experience across automotive components, mining, construction, and garment industries. Additionally, Ms. Ananya Bhattacharjee was added to the Senior Management team as Senior Divisional Manager for Corporate Communications. The Board meeting approving these changes lasted just 11 minutes.
The transition appears smooth and orderly with an immediate replacement, so no major governance concerns. Mr. Luharuka's strong finance credentials and 23+ years of cross-industry experience, including automotive components, may be viewed positively by investors, though the brief 11-minute board meeting and quick CFO turnover could draw some attention.