MMFLNSEMM Forgings Limited· Castings/ForgingsHighNegative
Announced Wed, 1 Apr · 16:19 IST

MM Forgings Limited has informed the Exchange regarding Cessation of Mr. R. Venkatakrishnan as Chief Financial Officer of the company w.e.f. April 01, 2026.

Cfo ResignedKmp ResignedManagement Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+1.6%1-day move
₹403.20
prior close
₹397.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.5-0.8-1.0-0.5+1.6+1.4+7.9+8.4+10.3+15.3+24.2+23.3+10.4+20.8
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AI summary

MM Forgings Limited has announced a change in its Chief Financial Officer. R. Venkatakrishnan has resigned as CFO and KMP effective April 1, 2026, after serving the company since April 1, 2014. He had retired in May 2022 but continued for an additional four years due to his experience. His resignation is due to age, health, and personal family commitments. The Board has appointed 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 industries. He 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.

Likely market impact

The orderly transition with a well-qualified successor minimizes operational risk. Raghunathan's extensive experience in IPOs, M&A, and large-scale financial management could bring additional strategic depth to the finance function.