Kalyani Forge Ltd has appointed Mr. Sainath Bhanage as its Chief Financial Officer and Key Managerial Personnel effective July 14, 2026. The decision strengthens the company's financial leadership and was approved by the Board of Directors based on recommendations from the Nomination and Remuneration Committee and Audit Committee. The appointment aims to leverage Bhanage's extensive experience in financial strategy and operations.

The approval was granted pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to both the Bombay Stock Exchange and the National Stock Exchange of India Limited.

Mr. Sainath Bhanage brings over 12 years of experience in finance and accounts to the role. His expertise spans financial strategy, accounting, treasury, taxation, audit, budgeting, compliance, business transfer arrangements (BTA), mergers & acquisitions (M&A), investor relations, and business transformation. He has worked across diverse sectors including manufacturing, services, trading, infrastructure, real estate, and automotive.

Prior to this appointment, Bhanage held various positions such as Assistant Manager – Finance, Financial Analyst, Senior Accounts Manager, Treasury Manager, and Tax & Audit Executive. His broad exposure to financial functions within private limited companies and larger enterprises positions him to oversee the financial operations of Kalyani Forge effectively.

Key Details of Appointment

The company confirmed that the appointment does not involve any directorial positions, hence disclosures regarding relationships between directors are not applicable. Kalyani Forge operates from its registered office in Pune and is listed on both BSE and NSE under the symbol KALYANIFRG.

Kalyani Forge Ltd has accepted the resignation of Mr. Jagdish Baheti from the position of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective April 30, 2026. The resignation was tendered due to personal reasons, as disclosed in a regulatory filing submitted to the stock exchanges on June 10, 2026. The company confirmed that the resignation is effective from the close of business hours on the specified date.

The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing included an annexure providing specific details regarding the change in the key managerial personnel.

Resignation Details

The following table outlines the key particulars of the resignation as disclosed by the company:

The resignation process involved correspondence between Mr. Baheti and the company's management, including Managing Director Viraj G. Kalyani, regarding the notice period and handover of responsibilities. The company required the completion of pending tasks, including quarterly closing and audit finalization, prior to the relieving date.

Mr. Baheti had initially submitted his resignation on March 16, 2026. The company subsequently requested that he serve the notice period and ensure a smooth transition of duties to his successor. The official acceptance and intimation to the exchanges were finalized on June 10, 2026.