Balkrishna Industries has appointed Saroj Kumar Khuntia as its Chief Financial Officer and Compliance Officer effective June 18, 2026. This leadership transition follows the cessation of Madhusudan Bajaj as CFO and Key Managerial Personnel due to superannuation effective from the close of business hours on June 17, 2026. The Board of Directors approved the appointment based on recommendations from the Nomination and Remuneration Committee and the Audit Committee to ensure continuity in the company's financial and governance functions.

Appointment Details

Khuntia assumes the role of Key Managerial Personnel alongside his responsibilities as CFO and Compliance Officer. The Board meeting regarding this appointment commenced at 4:21 p.m. and concluded at 4:40 p.m. The following table summarises the key details of the leadership change:

Profile of Saroj Kumar Khuntia

Saroj Kumar Khuntia is a seasoned finance leader and Fellow Chartered Accountant with over 24 years of experience. His expertise spans corporate finance, strategy, capital markets, treasury, taxation, governance, and finance transformation. Previously, he worked with organisations such as CG Power, Mahindra & Mahindra Group, IBM, and Hindustan Lever Limited.

Balkrishna Industries recorded a notable block trade on the National Stock Exchange (NSE), with approximately 3,29,064 shares changing hands in a single transaction. The deal was executed at a price of ₹2071.00 per share, aggregating to a total transaction value of ₹68.15 crores.

Block Trade Details

The following table summarises the key parameters of the block trade:

Block trades of this scale typically involve institutional participants and are executed outside the regular order book to minimise market impact. The transaction in Balkrishna Industries reflects considerable institutional interest in the stock at the prevailing price level.