Shares of Force Motors Ltd surged 1.96% to ₹12,400.00 in early trade on Tuesday, reacting positively to a key leadership reshuffle announced by the company. The stock had previously closed at ₹12,162.00 and hit a high of ₹12,530.00 in the morning session.
In a regulatory filing, Force Motors informed that Mr. Sanjay Kumar Bohra has resigned from his position as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective from the close of business hours on June 9, 2025. The board appreciated Mr. Bohra’s contributions during his tenure.
In a swift move, the company announced the appointment of Mr. Rishi Luharuka as the new Group CFO and KMP, effective June 10, 2025. Luharuka, a Chartered Accountant and CFA by qualification, is an alumnus of the Oxford Advanced Management Leadership Program and brings over 23 years of experience in automotive components, mining, construction, and garment sectors.
Additionally, Ananya Bhattacharjee has joined the company as the Senior Divisional Manager for Corporate Communications, strengthening the leadership team further.
Interestingly, the board meeting that finalized these decisions was concluded in under 15 minutes, reflecting the urgency and clarity of the transition.
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