MM Forgings Limited has informed the Exchange regarding Appointment of Mr R. Raghunathan as Chief Financial Officer of the company w.e.f. April 01, 2026.
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MM Forgings Limited announced a CFO transition effective 01 April 2026. Shri R. Venkatakrishnan, who had been serving as CFO since 01 April 2014, tendered his resignation citing age, health, and family commitments. He had previously retired in May 2022 but continued serving for four additional years. The Board approved the appointment of Shri R. Raghunathan as the new CFO. Raghunathan is a seasoned finance professional with over 30 years of experience across manufacturing, engineering, healthcare, and service industries. He holds dual qualifications as a Chartered Accountant and Cost Accountant, with prior CFO roles at Chettinad Cement Corporation Limited, Wheels India Limited, and Group CFO positions at Archean Chemical Industries Limited and Trivitron Healthcare Private Limited.
The transition appears smooth with a well-qualified successor lined up. No red flags on governance — the change was planned, with the predecessor involved in identifying his replacement. Minimal short-term market impact expected given the orderly handover.