MM Forgings Limited has informed the Exchange regarding Outcome of Board Meeting held on April 01, 2026 for appointment and resignation of CFO
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MM Forgings Limited's Board has accepted the resignation of Shri R. Venkatakrishnan as Chief Financial Officer, effective April 1, 2026. Venkatakrishnan had served as CFO since April 2014 and continued for four additional years post his superannuation in May 2022. He cited age, health, and personal family commitments as reasons for stepping down after a long tenure spanning decades. Simultaneously, the Board appointed Shri R. Raghunathan as the new CFO, effective the same date. Raghunathan is a Chartered Accountant and Cost Accountant with over 30 years of experience across manufacturing, engineering, healthcare, and service sectors, having previously served as CFO at Chettinad Cement Corporation Limited and Wheels India Limited, and as Group CFO at Archean Chemical Industries Limited and Trivitron Healthcare Private Limited.
The leadership transition at the CFO position appears orderly with a well-qualified successor identified, suggesting minimal operational disruption. The new CFO's extensive experience in financial planning, treasury management, capital structuring, and IPO execution may bring stronger financial oversight and strategic capabilities to the company.