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Management Changes

Aavas MD/CEO Sachinderpalsingh Bhinder resigns; Manu Singh appointed

April 21, 2026 7 mins read Firehose Gupta

Daily Management Change Report (Last 24 hours)

0. Critical Alerts (Highest Priority)

(No “for cause” resignations explicitly indicating governance/ethical/mismanagement concerns were found in the provided filings.)


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

Aavas Financiers Limited (AAVAS)

  • Change: Resignation (MD & CEO)
  • Person: Mr. Sachinderpalsingh Jitendrasingh Bhinder
  • Role: Managing Director & Chief Executive Officer
  • Effective Date: Close of business hours on 20 April 2026
  • Context: Resigned due to “professional and personal commitments”.

  • Change: Appointment (MD & CEO)

  • Person: Mr. Manu Yeshpal Singh
  • Role: Managing Director & Chief Executive Officer
  • Effective Date: 21 April 2026 (subject to RBI + shareholder approvals)
  • Context: Board approved appointment; effective upon receipt of approvals.

ISF Limited (ISFL)

  • Change: Appointment (CEO)
  • Person: Mr. Anil Kumar Verma
  • Role: Chief Executive Officer (KMP)
  • Effective Date: 20 April 2026
  • Context: Board approved appointment.

  • Change: Resignation (CEO)

  • Person: Mr. Vishal Dang
  • Role: Chief Executive Officer
  • Effective Date: Close of working hours on 20 April 2026
  • Context: Resignation “due to personal reason”.

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

Central Bank of India (CENTRALBK)

  • Appointment: Shri Raj Kokil Singh — Chief Risk Officer (CRO) (from 20 April 2026, fixed tenure 3 years)
  • Context: CRO role assumed “in place of Dr. G. Bhaskar” (portfolio allocated to Treasury).

Deepak Fertilisers and Petrochemicals Corporation Limited (DEEPAKFERT)

  • Resignation: Mr. Romy Sahay — President – Human Resources (ceased 19 April 2026)
  • Context: Resigned to “pursue an opportunity outside the Company”.
  • Interim responsibility: Mr. Naresh Pinisetti — President – Corporate Governance entrusted to lead HR “on an interim basis” from 20 April 2026.

Honeywell Automation India Limited (HONAUT)

  • Extension / Continuation: Mr. Pulkit Goyal — Chief Financial Officer (CFO) & KMP
  • Effective Date: Extended until close of business hours on 20 May 2026
  • Context: Board requested extension for “operational continuity” after earlier resignation notice.

Dishman Carbogen Amcis Limited (DCAL)

  • Appointment: Mr. Sandeep Jaiswal — Vice President (International Marketing) (SMP)
  • Effective Date: 20 April 2026
  • Context:Appointment” after induction programme.

Tilaknagar Industries Limited (TI)

  • Resignation: Mr. Abhinav Gupta — Chief of Internal Audit (SMP)
  • Effective Date: Close of business hours on 20 April 2026
  • Context:Cessation as Chief of Internal Audit due to resignation to pursue career opportunities outside the organisation”.

Nurture Well Industries Limited (NURTUREWELL)

  • Resignation: Mr. Anil Kumar — CFO
  • Effective Date: Close of business hours on 20 April 2026
  • Context: Resigned “due to pre-occupation elsewhere”.

  • Appointment: Ms. Sheetal Soni — CFO

  • Effective Date: 21 April 2026
  • Context: Board appointment based on NRC recommendation.

Raasi Refractories Limited (RAASI)

  • Resignation: Mr. Sistla Subrahmanya Sastry — CFO & KMP
  • Effective Date: 20 April 2026
  • Context: Resigned “due to personal reasons”.

United Breweries Limited (UBL)

  • Resignation: Mr. Rakesh Kumar — Chief Sales Officer (designated as Director–Sales)
  • Effective Date: Close of business hours on 30 April 2026
  • Context: Resignation to “pursue opportunities outside the company”.

Navkar Corporation Limited (NAVKARCORP)

  • Cessation: Mr. Jesus Leo — ceased to be Senior Management Personnel (SMP)
  • Effective Date: Immediate effect (as per filing)
  • Context:Ceased as SMP due to internal restructuring”.

LIC Housing Finance Limited / UC Housing Finance Limited (LICHSGFIN EQ)

  • Cessation: Shri Paritosh Chaturvedi — Chief Information Security Officer (CISO) (SMP)
  • Effective Date: Close of business hours on 20 April 2026
  • Context:Cessation pursuant to internal transfer posting”.

Life Insurance Corporation of India (LICI)

  • Elevations (SMP appointments):
  • Ms. Shyama Sikdar — Additional Executive Director (Liaison) (from 20 April 2026)
  • Ms. Roselata Kerketta — Additional Executive Director (Estates) (from 20 April 2026)
  • Ms. Deepa Sivadasan — Additional Executive Director (Digital Marketing) (from 20 April 2026)
  • Mr. Manoj Kumar Panda — Director, Zonal Training Centre, Jamshedpur (from 20 April 2026)
  • Context:elevation to higher post”.

  • Cessation (SMP): Smt. Neelam Kujur — Principal, Zonal Training Centre, Jamshedpur

  • Effective Date: 20 April 2026
  • Context:consequent upon joining of Mr. Manoj Kumar Panda as Director”.

Jet Freight Logistics Limited (JETFREIGHT)

  • Appointment: Mr. Priyank Akshaykumar Acharya — Senior Manager – Business Support (designated SMP)
  • Effective Date: 20 April 2026
  • Context:Appointment”.

Dishman Carbogen Amcis Limited (DCAL)

  • (Already covered above under executive management appointment.)

3. Board / Director Changes (Independent/NED/Additional Directors)

HCL Technologies Limited (HCLTECH)

  • Appointment: Ms. Kimsuka Narsimhan — Additional Director (Independent)
  • Effective Date: 20 April 2026
  • Term: 5 years (to 19 April 2031)
  • Context: Board appointed; shareholder approval via postal ballot in due course.

PPAP Automotive Limited (PPAP)

  • Resignation: Ms. Celine George — Independent Director
  • Effective Date: (Not explicitly stated in provided excerpt; resignation referenced as per April 13 update)
  • Context: Company states it did not receive confirmation of “no material reasons” despite follow-ups; no other material reasons known beyond disclosed ones.

Mazagon Dock Shipbuilders Limited (MAZDOCK)

  • Cessation: Dr. Vivek Atul Bhuskute — Non-Official Independent Director
  • Effective Date: 21 April 2026 (tenure completion)
  • Cessation: Smt. Veni Thapar — Non-Official Independent Director
  • Effective Date: 21 April 2026 (tenure completion)

Snowman Logistics Limited (SNOWMAN)

  • Appointment: Mr. Raghav Chandra — Additional Non-Executive Independent Director
  • Effective Date: 20 April 2026 (term 5 years, subject to shareholder approval)
  • Appointment: Ms. Sriparna Ganguly Chaudhuri — Additional Non-Executive Independent Director
  • Effective Date: 20 April 2026 (term 5 years, subject to shareholder approval)
  • Cessation: Mr. Arun Kumar Gupta — Independent Director (term completion)
  • Effective Date: close of business hours 26 April 2026
  • Cessation: Mr. Bhaskar Avula Reddy — Independent Director (term completion)
  • Effective Date: close of business hours 26 April 2026

Artemis Electricals and Projects Limited (AEPL)

  • Appointment: Mrs. Dhruti Harsh Satia — Non-Executive Independent Director (Additional)
  • Effective Date: 20 April 2026
  • Context: Until next general meeting / regularization (whichever earlier).

Indosolar Limited (WAAREEINDO)

  • Appointment: Mr. Nilesh Bhogilal Gandhi — Additional Independent Director
  • Effective Date: 20 April 2026
  • Context: Additional director; to be regularized subject to member approval in ensuing general meeting.

R.P.P. Infra Projects Limited (RPPINFRA)

  • Appointment: Mr. K Jagannathan — Additional Non-Executive Independent Director
  • Effective Date: 20 April 2026 (term 2 years, subject to shareholder approval)
  • Context: Board approved appointment.
  • Resignation noted: Mr. Venkatesan Elliah Naidu — Independent Director
  • Effective Date: 02 March 2026 (resignation taken note of)

AIA Engineering Limited (AIAENG)

  • Appointment: Mr. Malay Jayendra Dalal — Additional Independent Director
  • Effective Date: 20 April 2026
  • Term: 5 years (to 19 April 2031), subject to shareholder approval
  • Resignation: Mr. Rajendra Shantilal Shah — Director & Chairman
  • Effective Date: close of business hours 20 April 2026
  • Context: Resigned due to “extensive involvement in philanthropic activities”.
  • Appointment (Chairman): Mr. Bhadresh Kantilal Shah — Chairman
  • Effective Date: 21 April 2026

Prism Johnson Limited (PRSMJOHNSN)

  • Appointment: Mr. Sanjaykumar Shivajee Roy — Whole-time Director (Executive Director & CEO (RMC))
  • Effective Date: 2 March 2026
  • Term: 3 years
  • Context: Shareholders approved via postal ballot; board designated as Executive Director & CEO (RMC).

Billionbrains Garage Ventures Limited (GROWW)

  • Resignation: Mr. Ashish Agrawal — Nominee Director
  • Effective Date: 20 April 2026
  • Context: Resigned to “be an entrepreneur… and start a new venture capital firm”.

Svam Software Limited (SVAMSOF)

  • Appointment: Ms. Ritu Tiwari — Additional Non-Executive Independent Director
  • Effective Date: 20 April 2026
  • Appointment: (Also appointed CS separately; director change covered above.)

Golden Legand Leasing & Finance Limited (GOLDLEG)

  • Resignation: Ms. Neha Kargeti — Independent Director
  • Effective Date: 20 April 2026 (close of business hours)
  • Context:due to personal reasons”; also ceased to chair relevant committees.

India Homes Limited (INDIAHOMES)

  • Resignation: Mr. Mohamed Ali Furniturewala — Independent Director
  • Effective Date: 20 April 2026 (close of business hours)
  • Context: Resigned due to “inability to devote sufficient time and attention…” (as per resignation email).

7Seas Entertainment Limited (7SEAS)

  • Resignation: Mr. K. Pradeep Kumar — Non-Executive Director
  • Effective Date: 18 April 2026 (close of business hours)
  • Context:Due to certain professional responsibilities and personal reasons”.

Indian Oil Corporation Limited (IOC)

  • Cessation: Ms. Esha Srivastava — Director
  • Effective Date: 20 April 2026
  • Context:completion of her central deputation tenure”.

Integrated Industries / Nurture Well Industries Limited (NURTUREWELL)

  • (Director changes not indicated in provided excerpt; CFO change covered above.)

Mazagon Dock Shipbuilders Limited (MAZDOCK)

  • (Already covered above.)

4. Notable Company-Specific Situations

Honeywell Automation India Limited (HONAUT)

  • Cluster: CFO resignation was already disclosed earlier, and the company then mutually extended CFO tenure until 20 May 2026 for continuity.

Snowman Logistics Limited (SNOWMAN)

  • Cluster: Simultaneous board refresh—two new independent directors appointed (20 April 2026) while two independents’ terms end (26 April 2026).

AIA Engineering Limited (AIAENG)

  • Cluster: Chairman transition—resignation of Chairman/Director (20 April 2026) followed by appointment of new Chairman (21 April 2026), alongside independent director appointment.

R.P.P. Infra Projects Limited (RPPINFRA)

  • Cluster: Independent director resignation (02 March 2026) followed by appointment of a new independent director (20 April 2026) and CEO appointment in the same disclosure set.

5. Reappointments / Extensions (Side Notes)

Honeywell Automation India Limited (HONAUT)

  • Extension: CFO Pulkit Goyal extended until 20 May 2026 (operational continuity).

Indian Sucrose Limited (MUKSU)

  • Reappointment/Continuation: Mr. Jaitender Kumar — Director (not liable to retire by rotation)
  • Period: 01 April 2026 to 31 March 2031
  • Context: Continued for further 5 years via postal ballot approval.

If you want, I can also provide a CSV-ready table (Company | Role | Person | Action | Effective date | Reason/Context) for downstream analytics.