Balkrishna Industries Limited Appoints Saroj Kumar Khuntia as New Chief Financial Officer
Balkrishna Industries Limited has announced a change in its key managerial personnel following the Board of Directors' meeting held on June 17, 2026. The company confirmed the superannuation of Mr. Madhusudan Bajaj from the role of Chief Financial Officer (CFO), and appointed Mr. Saroj Kumar Khuntia as the new CFO with effect from June 18, 2026.Mr. Madhusudan Bajaj ceased to be the Chief Financial Officer and Key Managerial Personnel upon attaining the age of superannuation, in line with the company's policy, effective at the closing of business hours on June 17, 2026. The Board placed on record its appreciation for his contributions during his tenure. Following his retirement from this role, Mr. Bajaj will continue to serve as a Special Advisor to the Chairman and Managing Director.
The Board subsequently appointed Mr. Saroj Kumar Khuntia as the Chief Financial Officer and Key Managerial Personnel of Balkrishna Industries Limited. This appointment was made based on recommendations from both the Nomination and Remuneration Committee and the Audit Committee, with effect from June 18, 2026.
Mr. Khuntia is described as a seasoned finance leader and Fellow Chartered Accountant with over 24 years of experience in corporate finance, strategy, capital markets, treasury, taxation, governance, and finance transformation. His professional background includes work with organizations such as CG Power, the Mahindra & Mahindra Group, IBM, and Hindustan Lever Limited.
The transition details for both executives are summarized below:
| Particulars | Mr. Madhusudan Bajaj (CFO) | Mr. Saroj Kumar Khuntia (New CFO) |
|---|---|---|
| Reason for Change | Cessation due to superannuation | Appointment as Chief Financial Officer and Compliance Officer |
| Date of Change | June 17, 2026 | June 18, 2026 |
| Role Post-change | Continues as Special Advisor to Chairman & Managing Director | CFO and Key Managerial Personnel |
BALKRISIND Stock Price Movement
Today, Balkrishna Industries Limited edged higher to close at ₹2256, marking a gain of 0.87% in post-market trading. The stock traded within a session range of ₹2220 and ₹2267.1.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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