Kalyani Forge Limited , a prominent player in the forging industry, has announced a significant change in its key managerial personnel. Nilesh Bandale, the company's Chief Financial Officer (CFO), has tendered his resignation, effective November 19, 2025.

Resignation Details

The company disclosed this development in a regulatory filing, citing organizational restructuring and personal reasons as the primary factors behind Mr. Bandale's decision to step down. This move comes as part of broader changes within the company's structure.

Impact on Company Structure

The departure of Mr. Bandale from his role as CFO is expected to have a notable impact on Kalyani Forge's key managerial personnel composition. As the company undergoes organizational changes, this resignation marks a significant shift in its financial leadership.

Key Information

Company Response

Kalyani Forge Limited has acknowledged Mr. Bandale's contribution to the company. The management is likely to initiate the process of identifying and appointing a suitable successor to ensure a smooth transition in the finance department.

Looking Ahead

As Kalyani Forge navigates through this period of organizational restructuring, stakeholders will be keenly watching how the company manages this transition in its financial leadership. The appointment of a new CFO and any further structural changes will be crucial in shaping the company's financial strategy moving forward.

Investors and market observers are advised to stay tuned for any further announcements from Kalyani Forge regarding its organizational restructuring and potential new appointments in the wake of this significant change.

Kalyani Forge Limited has reported a significant improvement in profitability for the second quarter of fiscal year 2026, despite facing challenges in its US export business due to tariff-related issues. The company's investor conference call revealed several key developments and financial highlights:

Financial Performance

Operational Highlights

• Domestic Sales: Maintained momentum following post-GST cuts
• Export Sales: Currently represent 20% of total sales
• US Market: Successfully ramped up high-volume, non-auto export business
• European Market: Commenced transmission business consignments
• New Business: Acquired a new MNC customer in the axle business

Strategic Initiatives

• Completed Rs. 7 cr of projects from capital work in progress
• 58% of the capex program in process or completed
• Implemented clean audit review actions and new ERP controls
• Improved Internal Financial Controls scores

Management Commentary

The company attributes its improved profitability to cost control measures and operational efficiency improvements. These initiatives have helped Kalyani Forge navigate the challenges posed by reduced US exports due to tariff-related issues.

Future Outlook

While the company faces headwinds in its US export business, it has shown resilience by diversifying its market presence and focusing on operational efficiencies. The new order wins and strategic projects indicate potential for future growth, although the company remains cautious about the ongoing impact of tariffs on its export business.

Corporate Governance

In a separate announcement, Kalyani Forge has appointed Mr. Vishwanathan Swaminathan as an Additional Director (Independent) for a five-year term, subject to shareholder approval. This appointment is part of the company's ongoing efforts to strengthen its board and corporate governance practices.

Investors and stakeholders will be watching closely to see how Kalyani Forge capitalizes on its domestic market strength and new business developments to offset the challenges in its export markets in the coming quarters.