Balu Forge Industries Ltd has issued a clarification regarding the resignation of its Chief Financial Officer (CFO), Amit Ashok Todkari. The company announced that while Todkari has stepped down from his role as CFO, he will not be leaving the organisation entirely. Instead, he will transition into a broader strategic leadership position within the company.
This announcement follows an earlier communication dated 25th May 2026, where the company had informed the exchanges about Todkari’s resignation due to personal reasons. The management of Balu Forge Industries emphasised its commitment to transparency with investors, shareholders, and stakeholders, ensuring that all parties are kept informed of significant changes within the company.
The company assured stakeholders that further details regarding Todkari’s new role will be disclosed in due course. Stakeholders are encouraged to update their records to reflect this continuation of Todkari’s involvement with Balu Forge Industries.
For further information, stakeholders can contact Tabassum Begum at [email protected] or Neha Dingria/Akshay Hirani at [email protected].
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.