Balu Forge Industries Limited has announced the resignation of its Chief Financial Officer, Mr. Amit Ashok Todkari, effective at the close of business on May 25, 2026. Following this departure, the company has appointed Mr. Sandeep Singh Chadha as the Interim Chief Financial Officer, effective May 26, 2026. The board has initiated a formal evaluation process to identify and appoint a permanent successor to the role.
Leadership Transition at Balu Forge
Balu Forge Industries Limited has confirmed a key change in its finance leadership team. Mr. Amit Ashok Todkari has stepped down from his position as Chief Financial Officer and Key Managerial Personnel. The resignation, cited as being for personal reasons, becomes effective as of the close of business on May 25, 2026.
New Interim Appointment
To ensure continuity in financial operations, the Board, upon the recommendation of the Nomination and Remuneration Committee and the Audit Committee, has appointed Mr. Sandeep Singh Chadha as the Interim Chief Financial Officer. This appointment is effective from May 26, 2026. Mr. Chadha brings a strong background in finance and accounting to the role, holding an MBA in Finance and possessing over 5 years of experience in financial planning, corporate accounting, treasury management, and regulatory compliance.
Future Outlook
The company has officially commenced the search for a permanent Chief Financial Officer. The leadership team is currently conducting a thorough evaluation process, considering a range of both internal and external candidates to lead the company’s financial strategy moving forward.
Source: BSE
