Balu Forge Industries Appoints Interim CFO Following Key Managerial Change
Balu Forge Industries Limited has announced a change in its key managerial personnel, reporting the resignation of its Chief Financial Officer (CFO). The company has subsequently appointed Mr. Sandeep Singh Chadha as the Interim CFO to ensure continuity in financial leadership.Amit Ashok Todkari has resigned from his position as CFO and Key Managerial Personnel of Balu Forge Industries Limited. His resignation, effective from the close of business hours on May 25, 2026, was attributed to personal reasons.
In a transition move, the Board of Directors approved the appointment of Mr. Sandeep Singh Chadha as the Interim Chief Financial Officer. Mr. Chadha’s tenure as Interim CFO commenced on May 26, 2026.
Mr. Chadha brings a background as a qualified finance professional, with extensive experience across accounting, finance, taxation, and corporate compliance. He holds qualifications including an MBA in Finance and possesses over five years of experience covering several critical areas, including:
- Financial planning & analysis
- Corporate accounting and reporting
- Treasury and working capital management
- Statutory audit coordination
- Regulatory and SEBI/Companies Act compliance
The key transitions in the company's financial leadership are summarized below:
| Position | Individual | Status | Effective Date | Reason |
|---|---|---|---|---|
| Chief Financial Officer (CFO) | Amit Ashok Todkari | Resigned | May 25, 2026 | Personal Reasons |
| Interim CFO | Sandeep Singh Chadha | Appointed | May 26, 2026 | Interim Appointment |
BALUFORGE Stock Price Movement
Balu Forge Industries Limited shares today slipped by 1.21% to settle at ₹466.7. The stock saw trading volume of 727,457 shares, marking a decline from its previous close.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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