The company also informed that Madhusudan Bajaj has ceased to be the CFO and KMP with effect from the close of business hours on 17 June 2026 after attaining the age of superannuation, in accordance with the company’s policy.

The Board of Directors expressed its appreciation for Bajaj’s valuable contributions and leadership during his tenure. Following his retirement, he will continue to support the company in the capacity of special advisor to the chairman & managing director. The company clarified that his departure is due to superannuation and not resignation.

Balkrishna Industries is engaged in the business of manufacturing and selling 'off-highway tyres' (OHT) in the specialist segments such as agricultural, industrial & construction, earthmovers & port, mining, forestry, lawn & garden and all-terrain vehicles (ATV).

The company’s standalone net profit fell 18.5% to Rs 295.09 crore despite a 7.08% increase in revenue from operations to Rs 2,941.15 crore in Q4 FY26 over Q4 FY25.

The counter shed 0.88% to Rs 2,235 on the BSE.