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Rajkumar Bafna Resigns as CFO of Heranba Industries Ltd

Updated: June 17, 2025 18:24

Image Source: Indian Chemical News
Heranba Industries Ltd has announced the resignation of Rajkumar Bafna from his role as Chief Financial Officer (CFO), marking a significant change in the company’s senior management.
 
Key Highlights:
  • Rajkumar Bafna, who has served as CFO since July 2021, played a pivotal role in steering the company through a period of operational expansion and challenging market conditions.
  • During his tenure, Bafna oversaw key financial strategies, including managing the company’s financial performance amid global macroeconomic headwinds and a slowdown in export demand.
  • Under his financial stewardship, Heranba Industries reported revenues of ₹1,075 crores for the first nine months of FY25, despite suppressed EBITDA margins and increased expenditures due to ongoing capacity expansions at the Sarigam and Saykha facilities.
  • Bafna was actively involved in recent earnings calls, providing detailed insights on revenue, margins, and the company’s transitionary phase as it expanded its product portfolio and sought new registrations in both domestic and export markets.
The company is expected to announce succession plans and further changes in the finance department following this resignation, ensuring continuity in financial operations and strategic planning.
 
This leadership change comes at a time when Heranba Industries is focusing on operational efficiency, new product launches, and growth in both domestic and international markets.
 
Stakeholders and investors are closely watching for updates on the appointment of a new CFO and the company’s strategy to navigate ongoing market challenges.
 
Source: The Economic Times, Heranba Industries Ltd Corporate Announcements

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