Kalyani Forge appoints Sainath Bhanage as Chief Financial Officer

Management Changes View source PDF Explain this filing

KALYANIFRG · price

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Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹618.00

prior close

₹619.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+0.5% vs market

Castings & Forgings peers, median of 22sector-0.9%+0.4% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.4 pts more than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-0.5-1.0+0.5-0.9+0.4

Next day

+0.8-0.4+1.2-0.3+1.1

-1.6-0.8-0.8-0.8-0.8

-1.5-1.9+0.4-1.4-0.1

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-1.5-2.8+1.3-0.6-0.9

15d

-1.3+0.4-1.6+1.1-2.4

+2.8+2.4+0.4+7.3-4.4

+66.8+1.0+65.9+4.1+62.7

+36.4+1.8+34.7+3.6+32.8

UpDownMarket · Nifty Microcap 250Sector · Castings & Forgings peers, median of 22Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Kalyani Forge Limited's Board approved the appointment of Mr. Sainath Bhanage as the Chief Financial Officer, effective July 14, 2026. He has over 12 years of experience in finance and accounts, with expertise in financial strategy, accounting, treasury, taxation, audit, M&A, and investor relations. The appointment was recommended by the Nomination and Remuneration Committee and Audit Committee.

Likely market impact

New CFO appointment brings an experienced finance leader; routine governance update with no immediate material impact on operations.