Balu Forge Industries Reports Cessation of Independent Director, Mr. Raghvendra Raj Mehta
Balu Forge Industries Limited announced the cessation of Mr. Raghvendra Raj Mehta as an Independent Director. The change occurred after Mr. Mehta attained the age of 75 years.Previously appointed as the Independent Director for a period of five years, the tenure for Mr. Mehta was scheduled to run up to June 29, 2026. However, the director vacated his office on May 06, 2026, due to the statutory requirement upon reaching the age of 75 years.
The company confirmed the change in directorship structure. For detailed records, the material facts concerning the director’s cessation have been structured below:
| Particulars | Details |
|---|---|
| Name of Director | Mr. Raghvendra Raj Mehta |
| Reason for change | Cessation of office as an Independent Director due to attaining the age of 75 years. |
| Date of cessation | May 06, 2026 |
The company acknowledged the contribution and guidance provided by Mr. Raghvendra Raj Mehta during his time with Balu Forge Industries Limited.
BALUFORGE Stock Price Movement
Today, Balu Forge Industries Limited shares edged higher, finishing the session at ₹482.5, marking a 1.73% gain. The stock concluded trading on a volume of 407,884 shares, closing significantly above its day's low of ₹480.1.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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