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Management Changes

LTTS Appoints CFO; Esha Media Adds MD and CFO

April 23, 2026 8 mins read Firehose Gupta

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

0. Critical Alerts (for-cause resignations)

  • None found in the provided filings where the resignation reason indicates governance/ethical/mismanagement concerns. (All “resignation” reasons were stated as personal/professional/other commitments or similar.)

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

L&T Technology Services Limited (LTTS)

  • Change: Appointment (CFO role)
  • Person: Rajeev Gupta
  • Role: Executive Director & Chief Financial Officer (CFO)
  • Effective Date: April 22, 2026
  • Context: Board approved appointment as Additional Director designated as Executive Director & CFO (term 3 years, subject to shareholder approval).

Esha Media Research Limited (531259)

  • Change: Appointment (MD)
  • Person: Siddharth Subhash Saraf
  • Role: Managing Director (MD)
  • Effective Date: April 22, 2026

  • Context: Appointed as Managing Director (subject to shareholder/board process as per filing).

  • Change: Appointment (CFO)

  • Person: Rakesh Kumar Mudgal
  • Role: Additional Executive Director & Chief Financial Officer (CFO)
  • Effective Date: April 22, 2026
  • Context: Appointed as Additional Executive Director and CFO.

Pearl Green Clubs and Resorts Limited (543540)

  • Change: Appointment (MD)
  • Person: Hemantsingh Naharsingh Jhala
  • Role: Managing Director (KMP)
  • Effective Date: April 22, 2026

  • Context: Board approved appointment as Additional Director (Executive-Promoter category) designated as MD (term 5 years, subject to shareholder approval).

  • Change: Resignation (MD)

  • Person: Siddhant Aggarwal
  • Role: Managing Director (also Director)
  • Effective Date: April 21, 2026
  • Context: Resignation accepted by Board; reason stated as “pre-occupation and personal commitments”.

Uday Jewellery Industries Limited (539518)

  • Change: Appointment (Chairman & MD)
  • Person: Sanjay Kumar Sanghi
  • Role: Chairman and Managing Director (Corporate Affairs)
  • Effective Date: April 22, 2026

  • Context: Board approved appointment for 5 years (subject to shareholder approval).

  • Change: Designation change (MD → JMD)

  • Person: Ritesh Kumar Sanghi
  • Role: Joint Managing Director (Operations)
  • Effective Date: April 22, 2026
  • Context: Change in designation from Managing Director to JMD (terms/remuneration unchanged).

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

Crompton Greaves Consumer Electricals Limited (CROMPTON)

  • Resignation: Rashmi Khandelwal
  • Role: Company Secretary & Compliance Officer (KMP)
  • Effective Date: Closure of business hours, April 23, 2026
  • Context: Resignation accepted; stated reason: “to pursue other career opportunities outside the organisation”; filing also states “no material reason”.

Esha Media Research Limited (531259)

  • Resignation: Raman Seshadri Iyer
  • Role: Chief Financial Officer (CFO) & KMP
  • Effective Date: Closing of business hours, April 22, 2026
  • Context: Resigned “due to personal & professional reasons”.

Addi Industries Limited (507852)

  • Appointment: Sandeep Mittal
  • Role: Chief Financial Officer (CFO) & KMP
  • Effective Date: April 22, 2026
  • Context: Board approved appointment (term not fixed; continues until resignation/further Board orders).

VST Industries Limited (VSTIND)

  • Resignation: Amit Arora
  • Role: Chief Human Resources Officer (CHRO)
  • Effective Date: Relieved as requested on May 29, 2026 (after notice period)
  • Context: Resignation “to pursue other opportunities”.

Shilpa Medicare Limited (SHILPAMED/BSE-530549)

  • Retirement: Dr. Jayant Karajgi
  • Role: COO – Formulations
  • Effective Date: Closing hours, April 22, 2026
  • Context: Retirement from services; ceases to be Senior Management Personnel.

Flex Foods Limited (523672)

  • Appointment: Shivraj Choudhary
  • Role: Vice President (Operations) (Senior Management)
  • Effective Date: April 22, 2026
  • Context: Appointment at Hosur plant (Senior Management category).

Tata Communications Limited (TATACOMM)

  • Appointment: Vivek Manglik
  • Role: Executive Vice President – Interaction Fabric (Senior Management)
  • Effective Date: May 4, 2026

  • Context: Board appointment as Senior Management Personnel.

  • Retirement: Mukul Kumar

  • Role: Head, ESG (Senior Management)
  • Effective Date: April 30, 2026
  • Context: Retirement.

RBL Bank Limited (RBLBANK)

  • Re-appointment: Deepak Kumar
  • Role: Chief Risk Officer (Senior Management / MANCOM member)
  • Effective Date: May 1, 2026 (for 6 months)
  • Context: Re-appointment for further six months.

Forbes Precision Tools and Machine Parts Limited (—)

  • Resignation: Ravindra Kadam
  • Role: Senior Manager – HRM (Senior Management)
  • Effective Date: April 22, 2026
  • Context: Resignation from services.

Allcargo Logistics Limited (ALLCARGO)

  • Appointment (designated Senior Management): Samir Ahuja
  • Role: Chief of Sales – Express (Senior Management designation)
  • Effective Date: April 23, 2026
  • Context: Joined as Chief of Sales – Express; designated as Senior Management per SEBI framework.

Rukmani Devi Garg Agro Impex Limited (544552)

  • Resignation: Lakshya Gupta
  • Role: Chief Financial Officer (CFO) (KMP)
  • Effective Date: April 22, 2026
  • Context: Resignation due to personal and professional commitments.

Space Incubatrics Technologies Limited (541890)

  • Resignation: Rajender Parsad
  • Role: Executive Director
  • Effective Date: April 17, 2026

  • Context: Resigned for personal/unavoidable reasons.

  • Resignation: Umesh Kumar

  • Role: Non-Executive & Non-Independent Director
  • Effective Date: April 17, 2026
  • Context: Resigned for personal and unavoidable reasons.

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

L&T Technology Services Limited (LTTS)

  • Appointment: Amitabh Kant
  • Role: Independent Director (Additional Director)
  • Effective Date: April 22, 2026

  • Context: 5-year term (subject to shareholder approval).

  • Re-appointment: Alind Saxena

  • Role: Executive Director & President – Strategic Initiatives and Growth Markets
  • Effective Date: April 26, 2026
  • Context: Re-appointment for 3 years (subject to shareholder approval).

Esha Media Research Limited (531259)

  • Appointment: Siddharth Subhash Saraf
  • Role: Managing Director (also Director)

  • Effective Date: April 22, 2026

  • Appointment: Ashok Thakur

  • Role: Additional Independent Director (Non-Executive)

  • Effective Date: April 22, 2026

  • Appointment: Reena U Wagh

  • Role: Additional Independent Director (Non-Executive)
  • Effective Date: April 22, 2026

Havells India Limited (HAVELLS)

  • Appointment: Varun Berry
  • Role: Independent Director (Additional Director)

  • Effective Date: April 22, 2026

  • Re-appointment: Namrata Kaul

  • Role: Independent Director

  • Effective Date: From ensuing AGM (term 5 years)

  • Re-appointment: Ashish Bharatram

  • Role: Independent Director

  • Effective Date: From ensuing AGM (term 5 years)

  • Re-appointment: Puneet Bhatia

  • Role: Non-Independent Director (liable to retire by rotation)

  • Effective Date: From ensuing AGM (term 5 years)

  • Re-appointment: T V Mohandas Pai

  • Role: Non-Independent Director (liable to retire by rotation)

  • Effective Date: From ensuing AGM (term 5 years)

  • Resignation/Step-down: Vivek Mehra

  • Role: Independent Director (also ceased to be Chairman/CSR & ESG committee member)
  • Effective Date: April 22, 2026
  • Context: Resignation letter cites inability to attend physically in NCR due to health/medical advice.

Prevest Denpro Limited (543363)

  • Appointment: Piyush Kiranprakash Gupta
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: April 22, 2026

  • Context: Term 5 years (not liable to retire by rotation).

  • Appointment: Abhijeet Sadashiv Haridas

  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: April 22, 2026
  • Context: Term 5 years (not liable to retire by rotation).

Regency Fincorp Limited (540175)

  • Appointment (designation change): Sachin Garg
  • Role: Independent Director (from Additional Director)
  • Effective Date: April 17, 2026 (appointed as Independent by shareholders on April 22, 2026)

  • Context: Shareholders approved designation change.

  • Appointment (designation change): Sanjay Mittal

  • Role: Independent Director (from Additional Director)
  • Effective Date: March 25, 2026 (appointed as Independent by shareholders on April 22, 2026)
  • Context: Shareholders approved designation change.

NBCC (India) Limited (534309)

  • Cessation (tenure completion): Bhimrao Panda Bhosale
  • Role: Independent Director
  • Effective Date: April 22, 2026

  • Context: Completion of tenure.

  • Cessation (tenure completion): Deepak Singh

  • Role: Independent Director
  • Effective Date: April 22, 2026
  • Context: Completion of tenure.

Garodia Chemicals Limited (530161)

  • Resignation: Bhagyashri Nilesh Devrale
  • Role: Non-Executive Director
  • Effective Date: April 22, 2026 (closing business hours)
  • Context: Resignation due to personal/professional reasons; filing also states no other material reason.

Lime Chemicals Limited (507759)

  • Appointment: Rahim Narsingdani
  • Role: Non-Executive Independent Director
  • Effective Date: Shareholder approval via postal ballot; Board appointment referenced as Additional Independent Director effective March 13, 2026 (subject to members’ approval)
  • Context: Appointment approved by postal ballot.

Hemisphere Properties India Limited (543242)

  • Cessation: Rajeev Kumar Das
  • Role: Director
  • Effective Date: Immediate effect from order dated April 21, 2026

  • Context: Ceased as per Government order.

  • Appointment: Suchit Goyal

  • Role: Director
  • Effective Date: April 21, 2026
  • Context: Appointed by MoHUA order.

Jammu & Kashmir Bank Limited (532209)

  • Appointment: Ashish Kundra (IAS)
  • Role: Additional Director (Rotational Director)

  • Effective Date: April 23, 2026

  • Appointment: Pravin Raghavendra

  • Role: Additional Director (Independent)
  • Effective Date: April 23, 2026 to April 22, 2029

Gujarat Industries Power Company Limited (517300)

  • Appointment: Shalini Agarwal (IAS)
  • Role: Additional Director (Nominee of GUVNL)
  • Effective Date: April 22, 2026
  • Context: Board approved appointment as Additional Director (Nominee).

Shilpa Medicare Limited (SHILPAMED/BSE-530549)

  • (No director change in provided excerpt; only COO retirement.)

Svarnim Trade Udyog Limited (SVARNIM / 539911)

  • Appointment: Gulshan Kumar Aggarwal
  • Role: Additional Non-Executive Non-Independent Director

  • Effective Date: April 22, 2026

  • Resignation: Sangeeta Aggarwal

  • Role: Non-Executive Non-Independent Director
  • Effective Date: April 22, 2026

Viyash Scientific Limited (VIYASH / 512529)

  • Appointment: Amit Jain
  • Role: Additional Director (Non-Executive Non-Independent)

  • Effective Date: April 22, 2026

  • Appointment: Abhiroop Jayanthi

  • Role: Additional Director (Non-Executive Non-Independent)
  • Effective Date: April 22, 2026

Abbott India Limited (500488)

  • Cessation: Anisha Motwani
  • Role: Independent Director
  • Effective Date: Close of business hours, April 24, 2026

  • Context: Completion of second term.

  • Appointment: Neeraj Jain

  • Role: Additional Director designated as Independent Director

  • Effective Date: April 25, 2026 (subject to members’ approval)

  • Resignation: Alison Davies

  • Role: Director
  • Effective Date: Close of business hours, April 22, 2026

  • Context: Other professional commitments.

  • Appointment: James Wenner

  • Role: Additional (Non-Executive) Director
  • Effective Date: April 23, 2026 (subject to members’ approval)

Bharat Dynamics Limited (BDL / 541143)

  • Cessation: Chetan Bansilal Kankariya
  • Role: Part-time Non-Official Independent Director
  • Effective Date: February 22, 2026
  • Context: Completion of tenure.

JSW Cement Limited (JSWCEMENT)

  • Cessation: Sutapa Banerjee
  • Role: Independent Director
  • Effective Date: Close of business hours, April 21, 2026
  • Context: Completion of second consecutive term.

Asian Granito India Limited (ASIANTILES / 532888)

  • Re-appointment: Maganlal Prajapati
  • Role: Independent Director

  • Effective Date: From May 26, 2026 (subject to postal ballot approval)

  • Re-appointment: Kandarp G. Trivedi

  • Role: Independent Director
  • Effective Date: From June 26, 2026 (subject to postal ballot approval)

IFGL Refractories Limited (IFGLEXPOR / 540774)

  • Appointment: Mukesh Harshadrai Rawal
  • Role: Additional Director (Non-Executive Non-Independent)
  • Effective Date: April 21, 2026
  • Context: Board approved appointment by circulation; proposed later as Whole-time Director/CEO from Aug 16, 2026 (subject to approvals).

Trent Limited (TRENT / 500251)

  • Appointment: Bahram Vakil
  • Role: Additional Director (Non-Executive, Non-Independent)

  • Effective Date: April 23, 2026

  • Re-appointment: Ravneet Singh Gill

  • Role: Independent Director

  • Effective Date: From Dec 29, 2026 (subject to shareholder approval)

  • Re-appointment: Hema Ravichandar

  • Role: Independent Director
  • Effective Date: From Dec 29, 2026 (subject to shareholder approval)

Hemisphere / Uday Jewellery / others

  • Uday Jewellery: also includes appointment of Additional Director & WTD (Bhavna Sanghi) and Independent Director (Donthineni Srilekha) as per filing (shareholder approval required).

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

Esha Media Research Limited (531259)

  • Cluster: CFO resignation (Raman Seshadri Iyer) effective April 22, 2026, followed by simultaneous appointment of new MD (Siddharth Saraf) and CFO (Rakesh Kumar Mudgal) plus two independent directors, all effective April 22, 2026.

Havells India Limited (HAVELLS)

  • Cluster: Independent director Vivek Mehra stepped down April 22, 2026, while the board simultaneously approved multiple director re-appointments/appointments for terms starting from the same date/ensuing AGM.

Pearl Green Clubs and Resorts Limited (543540)

  • Cluster: MD resignation effective April 21, 2026, and MD appointment effective April 22, 2026 (next-day transition).

5. Reappointments / Extensions (side notes)

L&T Technology Services Limited (LTTS)

  • Re-appointment: Alind Saxena as Executive Director & President – Strategic Initiatives and Growth Markets (term 3 years from

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