Bhagiradha Chemicals Announces CFO Transition at Wholly Owned Subsidiary
Bhagiradha Chemicals & Industries Limited announced management changes at its wholly owned subsidiary Bheema Fine Chemicals Private Limited on February 24, 2026. B. Krishna Mohan Rao will retire as CFO effective February 28, 2026, while Ranjit Kumar Kilaru, a Chartered Accountant with over 23 years of experience, will assume the CFO role from March 01, 2026. The transition ensures continuity in financial leadership with proper regulatory disclosures under SEBI requirements.
*this image is generated using AI for illustrative purposes only.
Bhagiradha Chemicals & Industries Limited has announced significant management changes at its wholly owned subsidiary, Bheema Fine Chemicals Private Limited. The board of the subsidiary company approved these changes during a meeting held on February 24, 2026, ensuring a smooth transition in the Chief Financial Officer position.
CFO Retirement Details
The board took on record the retirement of B. Krishna Mohan Rao from his position as Chief Financial Officer and Key Managerial Personnel of Bheema Fine Chemicals Private Limited. His retirement will be effective from the close of business hours on February 28, 2026. The board acknowledged his valuable contributions and guidance provided during his association with the company over the years.
| Parameter: | Details |
|---|---|
| Retiring CFO: | B. Krishna Mohan Rao |
| Position: | Chief Financial Officer & Key Managerial Personnel |
| Effective Date: | February 28, 2026 (close of business hours) |
| Reason: | Retirement |
New CFO Appointment
The board simultaneously approved the appointment of Ranjit Kumar Kilaru as the new Chief Financial Officer and Key Managerial Personnel of the wholly owned subsidiary. His appointment will commence from March 01, 2026, ensuring continuity in the financial leadership of the company.
| Parameter: | Details |
|---|---|
| New CFO: | Ranjit Kumar Kilaru |
| Position: | Chief Financial Officer & Key Managerial Personnel |
| Effective Date: | March 01, 2026 |
| Qualification: | Chartered Accountant |
| Experience: | Over 23 years post-qualification |
Professional Background of New CFO
Ranjit Kumar Kilaru brings extensive experience to his new role as a Chartered Accountant with over 23 years of post-qualification experience across banking, manufacturing, and financial advisory services. He has been working as a consultant in financial planning and debt syndication for the past four years.
His banking experience spans over 17 years, including a significant association with Axis Bank Limited for over 13 years in various functional roles. At Axis Bank, he served as Deputy Vice President and Centre Head – SME, Hyderabad, where he led both Credit and Relationship Management teams for the Hyderabad and Northern Telangana regions.
Prior to Axis Bank, Kilaru was associated with the Corporate Banking Group of ICICI Bank Limited, Hyderabad. He has also worked with IFB Industries, Ballarpur Industries Limited, and Ramesh & Co. Throughout his career, he has handled funding and financial structuring for clients across diverse industries, including Manufacturing, Food Processing, Infrastructure, Capital Goods, and Engineering & Construction.
Regulatory Compliance
The management changes have been disclosed in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has confirmed that the new CFO is not related to any Director on the Board of Bheema Fine Chemicals Private Limited.
The announcement was communicated to both BSE Limited and National Stock Exchange of India Limited on February 24, 2026, ensuring full transparency and regulatory compliance for all stakeholders.
Historical Stock Returns for Bhagiradha Chemicals & Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.12% | -4.98% | -2.63% | -28.97% | -32.04% | -72.56% |
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