Balu Forge Industries Limited has issued a follow-up announcement regarding the resignation of its Chief Financial Officer, Mr. Amit Ashok Todkari. While Mr. Todkari has stepped down from his specific CFO role due to personal reasons, he is transitioning into a broader strategic leadership position within the company. This move aims to leverage his extensive experience for wider organizational benefit. Further details on his new role will be communicated shortly.
Clarification on CFO’s Role
Balu Forge Industries Limited has released a press release to provide an update and ensure transparency concerning the earlier intimation of the resignation of its Chief Financial Officer (CFO), Mr. Amit Ashok Todkari. This announcement follows up on the previous disclosure made on May 25, 2026, which stated that Mr. Todkari had tendered his resignation for personal reasons.
Strategic Leadership Transition
The company management wishes to inform stakeholders that the CFO has not resigned at the group level. While Mr. Todkari has stepped down from his specific capacity as the CFO of Balu Forge Industries Ltd, he is moving into a wider strategic leadership role. This transition is intended to utilize his significant experience within the company more broadly. Details regarding his new appointment will be shared with all relevant stakeholders in due course.
Information for Stakeholders
Balu Forge Industries Ltd requests its investors, shareholders, and stakeholders to take note of this continuation and update their records accordingly. The company is committed to maintaining complete transparency with its stakeholders.
Contact Information
For further inquiries, stakeholders can contact:
- Tabassum Begum at [email protected] or +91 86550 75578.
- Churchgate Investor Relations (Neha Dingria / Akshay Hirani) at [email protected] or +91 22 6169 5988.
Source: BSE
