Balu Forge Industries Limited has announced a leadership transition within its finance department. Amit Ashok Todkari has resigned from his position as Chief Financial Officer and Key Managerial Personnel, effective at the close of business on May 25, 2026. Following this departure, the company has appointed Sandeep Singh Chadha as the Interim Chief Financial Officer, effective May 26, 2026, while the firm actively evaluates both internal and external candidates for a permanent successor.
Leadership Transition Details
The company officially confirmed the resignation of Amit Ashok Todkari, who stepped down from his role as Chief Financial Officer and Key Managerial Personnel for personal reasons, effective May 25, 2026. The management has acknowledged his tenure and noted that his departure is standard and carries no material concerns beyond the provided resignation statement.
Appointment of Interim CFO
To ensure continuity in financial operations, the Board has appointed Sandeep Singh Chadha as the Interim Chief Financial Officer, effective May 26, 2026. Mr. Chadha is a qualified finance professional holding an MBA in Finance and brings over five years of expertise to the organization.
Professional Background
The newly appointed Interim CFO possesses a robust background in accounting, finance, taxation, and corporate governance. His core competencies include:
- Financial Planning & Analysis
- Corporate Accounting and Reporting
- Treasury and Working Capital Management
- Statutory Audit Coordination
- Regulatory Compliance
Balu Forge Industries Limited has confirmed that the search for a permanent Chief Financial Officer is currently underway, with the company evaluating a diverse pool of internal and external candidates to lead its financial strategy moving forward.
Source: BSE
