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Management Changes

CFO removals and leadership appointments in 24 hours

April 17, 2026 5 mins read Firehose Gupta

Daily Management Change Report (BSE filings – last 24 hours)

0. Critical Alerts (Highest Priority)

No “for cause” resignations/removals with governance/ethical/mismanagement-type reasons were found in the provided filings.


1. Key Leadership Changes (CEO/CFO/COO/Chairman/MD)

Bank of Maharashtra (532525)

  • Change: Appointment (Executive Director)
  • Person: Shri Sushanta Kumar Mohanty
  • Role: Executive Director (ED) on the Board
  • Effective Date: Assumed charge 15.04.2026
  • Context: Appointed by Government of India/DFS notification; tenure three years from assumption (or until further orders).

PTC India Limited (532524)

  • Change: Appointment (Chairman)
  • Person: Sh. Sukhdev Singh
  • Role: Non-Executive Chairman
  • Effective Date: w.e.f. date of receipt of consent of CMDs of all four promoter companies (as per filing)
  • Context: Board appointed existing Independent Director as Non-Executive Chairman following bifurcation of Chairman & CMD posts.

2. Executive Management Changes (senior executives below CEO/CFO/COO)

Indian Bank (INDIANB / 532814)

  • Appointment: General Manager, CO: KYCMs. Aruna M (effective 16.04.2026)
  • Appointment: General Manager, CO: IBDShri Vineet Bajpai (effective 16.04.2026)

Life Insurance Corporation of India (LICI / 543526)

  • Appointment: Ms. Mamta Meena elevated to Additional Director, Zonal Training Centre, Bhopal (effective 16.04.2026)
  • Context: Elevated to SMP position (as per filing).

Endurance Technologies Limited (ENDURANCE / 540153)

  • Appointment: Mr. Ashish NainawateeChief Strategy Officer elevated/appointed as Senior Management Personnel (SMP) (effective 16.04.2026)

Keystone Realtors Limited (RUSTOMJEE / 543669)

  • Appointment: Mr. Salil ChinchoreGroup Chief Human Resources Officer as SMP (effective 16.04.2026)

Globtier Infotech Limited (Globtier / 544494)

  • Resignation: Mr. Sandeep GuptaChief Financial Officer (CFO) (KMP)
  • Effective Date: Resignation effective after close of business hours on 13.05.2026 (continues till then)

Tipco Engineering India Limited (TIPCO / 544740)

  • Resignation: Ms. Neha SharmaCFO & KMP
  • Effective Date: Ceased after close of business hours on 16.04.2026

LIC Housing Finance Limited (LICHSGFIN / 500253)

  • Cessation: Shri Debakanta PadhiGeneral Manager (HR, Staff Discipline and Legal)
  • Effective Date: close of business hours on 16.04.2026
  • Context: “Cessation as repatriated back to LIC of India.”

WSFx Global Pay Limited (WSFX / 511147)

  • Appointment: Mr. Ravi DubeySr. Vice President & Head – D2C (effective 16.04.2026)

Amanta Healthcare Limited (AMANTA / 544502)

  • Resignation: Shri Vimal ShrimaliAVP – HR & Admin (SMP)
  • Effective Date: Relieved after close of business hours on 16.04.2026
  • Context: Resignation due to personal reasons.

Powerica Limited (POWERICA / 544744)

  • Resignation (Independent Director): Not an executive role, but note: Mr. Maheswar Sahu resigned as Independent Director (immediate effect) due to urgent family commitments.

Kalyani Steels Limited (KSL / 500235)

  • Resignation: Mr. Bal Mukand MaheshwariCFO
  • Effective Date: Relieved after close of business hours on 08.05.2026
  • Context: Resignation due to personal reasons.

Aayush Art and Bullion Limited (AAYUSHBULL / 540718)

  • Removal: Mr. Pankaj Kumar RawatCompany Secretary & Compliance Officer (KMP)
  • Effective Date: after close of business hours on 15.04.2026
  • Context: Board decided termination/removal; filing states “several attempts… however, no response has been received.”

MPF Systems Limited (MPFSL / 532470)

  • Appointment: Ms. Nidhi JoshiAdditional Director (Non-Executive Independent) (effective 16.04.2026; subject to approvals)
  • Note: Internal Auditor appointment also approved (not an executive role).

SG Finserve Limited (SGFIN / 539199)

  • Appointment (Board-level, but also senior): Mr. Deepak Kumar appointed Additional Director (Non-Executive – Non-Independent Chairperson) (effective 16.04.2026, subject to member approval)

Power Grid Corporation of India Limited (POWERGRID / 532898)

  • Board-level only: Independent director tenure completion (not executive role).

3. Board / Director Changes

Powerica Limited (POWERICA / 544744)

  • Resignation: Mr. Maheswar SahuIndependent Director
  • Effective Date: 16.04.2026 (immediate effect)
  • Context: “Urgent family commitments”; also ceases as Chairman/member of board committees.

SJVN Limited (SJVN-EQ / 533206)

  • Cessation: Dr. Udeeta Tyagi — Independent Director
  • Effective Date: 16.04.2026
  • Context: Completion of tenure.

NHPC Limited (NHPC / 533098)

  • Cessation (Independent Directors): Tenure completion on 16.04.2026
  • Dr. Uday Sakharam Nirgudkar
  • Shri Jiji Joseph
  • Shri Anil Kumar Sood
  • Context: As per MoP letter.

Endurance Technologies Limited (ENDURANCE / 540153)

  • Re-appointment: Mr. Anant TalaulicarIndependent Director (2nd term)
  • Effective Date: 12.07.2026 (subject to postal ballot approval)
  • Context: Re-appointment for second term of five years.

Sun Retail Limited (SUN RETAIL / 542025)

  • Appointment: Mrs. Khyati Bhavya Shah — Additional Non-Executive Independent Director
  • Effective Date: 16.04.2026 (subject to shareholder approval in ensuing AGM)
  • Resignation (noted by board): Nisha Sukhdevbhai Parmar — Non-executive Independent Director
  • Effective Date: 15.04.2026
  • Context: Resignation due to “pre-occupation of work.”

SK Minerals & Additives Limited (SKM / 544584)

  • Resignation: Mr. Kapil Khera — Independent Director
  • Effective Date: after close of business hours on 16.04.2026
  • Context: “Due to personal reasons.”

Wipro Limited (WIPRO / 507685)

  • Re-appointment: Ms. Tulsi Naidu — Independent Director (second term)
  • Effective Date: 01.07.2026 (to 30.06.2031; subject to shareholder approval)
  • Context: First term ends 30.06.2026.

Power Grid Corporation of India Limited (POWERGRID / 532898)

  • Cessation: Independent directors completed tenure on 15.04.2026
  • Shri Shiv Tapasya Paswan
  • Shri Rohit Vaswani
  • Context: Tenure completed as per MoP orders.

MPF Systems Limited (MPFSL / 532470)

  • Appointment: Ms. Nidhi Joshi — Additional Independent Director (Non-Executive)
  • Effective Date: 16.04.2026 (subject to regulatory/statutory and shareholder approvals)

SG Finserve Limited (SGFIN / 539199)

  • Appointment: Mr. Deepak Kumar — Additional Director (Non-Executive – Non-Independent Chairperson)
  • Effective Date: 16.04.2026 (subject to member approval)

Aayush Art and Bullion Limited (AAYUSHBULL / 540718)

  • Note: Filing is for KMP removal (CS/Compliance Officer), not a director change.

4. Notable Company-Specific Situations (within-company clustering)

Endurance Technologies Limited (540153)

  • Cluster: Board meeting approved (i) re-appointment of an Independent Director (postal ballot subject) and (ii) elevation of Chief Strategy Officer to SMP in the same disclosure set.

Aayush Art and Bullion Limited (540718)

  • Cluster/Process issue: Board decided termination/removal of CS & Compliance Officer citing “several attempts… however, no response has been received,” indicating an abrupt KMP exit.

Tipco Engineering India Limited (544740)

  • Cluster: CFO resignation effective same day as filing (ceased after close of business hours on 16.04.2026).

5. Reappointments / Extensions (side notes)

Endurance Technologies Limited (540153)

  • Re-appointment: Mr. Anant Talaulicar as Independent Director for second term of five years (effective 12.07.2026, subject to postal ballot).

Wipro Limited (507685)

  • Re-appointment: Ms. Tulsi Naidu as Independent Director for second term of five years (effective 01.07.2026, subject to shareholder approval).

If you want, I can also provide a one-page “changes table” (company → role → effective date) for quick scanning.