Latest news with #SanjayKumarBohra
Business Standard
15 hours ago
- Automotive
- Business Standard
Force Motors gains on appointing Rishi Luharuka as CFO
Force Motors added 1.74% to Rs 12,365.90 after the company's board approved the appointment of Rishi Luharuka as the chief financial officer (CFO), designated as group CFO, with effect from 10 June 2025. Sanjay Kumar Bohra has resigned as chief financial officer (CFO) with effect from 9 June 2025. Rishi Luharuka is a qualified Chartered Accountant (CA) and Chartered Financial Analyst (CFA) and has undergone the Oxford Advanced Management Leadership Program from Said Business School in UK. He has extensive working knowledge of more than 23 years in the automotive components, mining & construction and garment industry. He is a strong finance professional skilled in leadership, change management, business partnership, investor & board relationship, finance shared service, treasury & banking, taxation, financial planning & analysis, internal financial controls, legal & statutory compliances, forex management, costing and all accounting and audit functions. Force Motors is engaged in manufacturing light commercial vehicles, utility vehicles, and engines. It is an automobile company with a focus on the design, development, and manufacture of a range of automotive components, aggregates, and vehicles. The company reported a 209.9% surge in consolidated net profit to Rs 434.71 crore on a 17.1% rise in revenue from operations to Rs 2,356.01 crore in Q4 FY25 over Q4 FY24.
Business Upturn
15 hours ago
- Automotive
- Business Upturn
Force Motors shares rise nearly 2% after top-level reshuffle in leadership team
By Aditya Bhagchandani Published on June 10, 2025, 09:29 IST 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. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
17 hours ago
- Business
- Business Standard
Stock Alert: Force Motors, Nykaa, IRB Infra, ITD Cementation, Oberoi Realty
Securities in F&O Ban: Titagarh Rail Systems, Hindustan Copper, Aditya Birla Fashion & Retail (ABFRL), Chambal Fertilisers & Chemicals shares are banned from F&O trading on 10 June 2025. Stocks to Watch: Force Motors board approved a resignation of chief financial officer (CFO), Sanjay Kumar Bohra with effect from 9th June 2025. Further, the board has approved the appointment of Rishi Luharuka as the chief financial officer (CFO), designated as group CFO, with effect from 10 June 2025. FSN E-commerce Ventures (Nykaa) has completed the 2nd tranche of the remaining investment of Rs 5 crore in Earth Rhythm (ERPL), post this subscription, company will hold approximately 75.83% of the issued and paid-up share capital of ERPL. IRB Infrastructure Developers gross toll collection increased 9% to Rs 581.2 crore in May 2025, compared with 535.5 crore in May 2024. ITD Cementation India secured contract worth around Rs 893 crore for construction of Berth & Breakwater for the development of Greenfield Captive Jetty(s) in Odisha. Oberoi Realtys commercial real estate arm chief executive officer (CEO), Pankaj Gupta has resigned with effect from 9 June 2025.
Economic Times
20 hours ago
- Business
- Economic Times
Stocks in news: Wipro, Motilal Oswal, Jana SFB, Force Motors, Tech Mahindra
Sanjay Kumar Bohra resigns as CFO of Force Motors with effect from June 9. The company appointed Rishi Luharuka as the new CFO with effect from June 10. Markets opened positively, building on Friday's gains. Wipro's promoter sold shares worth ₹5,057 crore, while Motilal Oswal faced a Sebi fine. Jana SFB applied to become a universal bank. Tech Mahindra's Americas President retired, and Force Motors saw a CFO change as well. AstraZeneca Pharma India also announced MD's resignation. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Markets began the week on a positive note, gaining nearly half a percent, extending Friday's rally. In today's trade, shares of Wipro Motilal Oswal , Jana SFB, Force Motors Tech Mahindra among others will be in focus due to various news promoter entity Azim Premji Trust sold 20.23 crore shares worth Rs 5,057 crore in the company via a block market regulator Sebi slapped a Rs 3 lakh fine on brokerage firm Motilal Oswal Financial Services (MOFSL) after finding the company in contravention of rules. Jana Small Finance Bank (Jana SFB) said it has formally submitted an application to the Reserve Bank of India (RBI) seeking approval to transition into a universal Infrastructure reported a 9% YoY rise in its toll revenue to ₹581 crore in May Global launched a qualified institutional placement (QIP) to raise up to Rs 2,000 crore including upsize option of Rs 500 crore, according to a Chidambaram announced his retirement as the President, Tech Mahindra Americas – strategic vertical business with effect from June Gupta resigned as the chief executive officer - Commercial Real Estate division of the company with effect from June Pharma said its Managing Director Sanjeev Kumar Panchal has resigned from his position with effect from the close of business on June Kumar Bohra resigns as CFO of Force Motors with effect from June 9. The company appointed Rishi Luharuka as the new CFO with effect from June 10.
Business Upturn
a day ago
- Automotive
- Business Upturn
Force Motors CFO change: Sanjay Bohra resigns, Rishi Luharuka appointed as Group CFO
Force Motors Limited has announced about Mr. Sanjay Kumar Bohra's resignation as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) is an important change in its top management, effective from the close of business hours on June 9, 2025. Mr. Bohra's contributions while employed are appreciated by the company. Effective as of June 10, […] By Aditya Bhagchandani Published on June 9, 2025, 16:25 IST Force Motors Limited has announced about Mr. Sanjay Kumar Bohra's resignation as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) is an important change in its top management, effective from the close of business hours on June 9, 2025. Mr. Bohra's contributions while employed are appreciated by the company. Effective as of June 10, 2025, the board has given approval to the appointment of Mr. Rishi Luharuka as the new Group CFO and KMP in what seems a swift transition. Luharuka, as an Oxford Advanced Management Leadership Program alumnus, is a seasoned finance professional with over 23 years of experience holding CA and CFA qualifications. He has at some point worked across automotive components, mining, also construction. Garment firms also use his experience. Ananya Bhattacharjee has become a member of the senior management team. She will serve in the role as Senior Divisional Manager for Corporate Communications. According to the company's official filing, the board meeting that finalized these changes concluded in under 15 minutes on June 9. Force Motors' active efforts for the purpose of strengthening its finance and communications framework can be underscored by this leadership reshuffle as it navigates growth opportunities along with evolving business challenges. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
