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Management Changes

Seshachal MD & CFO Prabhaker Reddy Aedla resigns

April 24, 2026 8 mins read Firehose Gupta

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

0. Critical Alerts (Resignation “for cause”)

No “for cause” resignations were explicitly stated in the provided filings (i.e., no resignation reasons citing governance/ethics/mismanagement/lack of information).


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

Seshachal Technologies Limited (SESHACHAL)

  • Change: Resignation (MD & CFO)
  • Person: Mr. Prabhaker Reddy Aedla
  • Role: Managing Director & CFO
  • Effective Date: Close of business hours on 23-Apr-2026
  • Context: Resignation “due to pre occupation”.

  • Change: Appointment (MD & CFO)

  • Person: Mr. Raj Singh Rawat (DIN: 03498135)
  • Role: Managing Director (Additional Director) & CFO
  • Effective Date: 23-Apr-2026
  • Context: Appointed as Additional Director designated as Managing Director for 5 years and as CFO effective 23-Apr-2026.

Morarka Finance Limited (MORARKA)

  • Change: Cessation / Appointment (CEO → MD)
  • Person: Mr. Pranay G. Morarka (DIN: 03272263)
  • Role: CEO (cessation) and Managing Director (Additional Director)
  • Effective Date: CEO cessation: 24-Apr-2026; MD appointment: 24-Apr-2026 (term till AGM)
  • Context: Board approved appointment as Managing Director (Additional Director); noted cessation as CEO.

Bank of India (BANKINDIA)

  • Change: Extension of tenure (MD & CEO)
  • Person: Shri Rajneesh Karnatak
  • Role: Managing Director & CEO
  • Effective Date: Tenure extended 3 years beyond current term ending 28-Apr-2026
  • Context: Central Government notification dated 23-Apr-2026.

Bank of Baroda (BANKBARODA)

  • Change: Extension of tenure (MD & CEO)
  • Person: Shri Debadatta Chand
  • Role: Managing Director & CEO
  • Effective Date: Extended 3 years beyond term ending 30-Jun-2026 (or until further orders)
  • Context: Central Government notification dated 23-Apr-2026.

Tata Teleservices (Maharashtra) Limited (TTML)

  • Change: Re-appointment (MD)
  • Person: Mr. Harjit Singh (DIN: 09416905)
  • Role: Managing Director
  • Effective Date: 24-Apr-2026 to 23-Apr-2029 (subject to shareholder approval)
  • Context: Re-appointment for further 3 years.

Khaitan Chemicals & Fertilizers Limited (KHAICHEM)

  • Change: Re-appointment (JMD)
  • Person: Mr. Utsav Khaitan (DIN: 03021454)
  • Role: Joint Managing Director
  • Effective Date: 1-May-2026 to 30-Apr-2029 (subject to shareholder approval)
  • Context: Board approved re-appointment as Joint Managing Director.

LTM Limited (LTM)

  • Change: Appointment (CFO → WTD CFO)
  • Person: Mr. Vipul Chandra (DIN: 06692474)
  • Role: Whole-time Director & Chief Financial Officer
  • Effective Date: 23-Apr-2026 (for 4 years, up to 22-Apr-2030)
  • Context: Board approved appointment as Additional Director designated as WTD & CFO (subject to shareholder approval).

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

AU Small Finance Bank Limited (AUBANK)

  • Appointment: Mr. Vivek Tripathi
  • Role: Whole-time Director (Executive Director)
  • Effective Date: 24-Apr-2026
  • Context: RBI approval for 3-year term; shareholder approval pending.

Muthoot Capital Services Limited (MUTHOOTCAP)

  • Resignation: Mr. Sooraj Mohan
  • Role: Head – Collections
  • Effective Date: Close of business hours 23-Apr-2026
  • Context: Resignation “due to personal reasons”.

  • Appointment: Mr. Vinay B N

  • Role: Head – Collections and Recoveries
  • Effective Date: 24-Apr-2026
  • Context: Board approved appointment effective next day.

Indian Energy Exchange Limited (IEX)

  • Appointment/Designation: Mr. Gaurav Maheshwari
  • Role: Vice President – Regulatory Affairs & Risk Management (designated SMP)
  • Effective Date: Not specified (designation by virtue of reporting line)
  • Context: Designated as Senior Management Personnel.

  • Appointment/Designation: Mrs. Aparna Vyas Garg

  • Role: Vice President – Corporate Communications & Investor Relations (designated SMP)
  • Effective Date: Not specified (designation by virtue of reporting line)
  • Context: Designated as Senior Management Personnel.

Saatvik Green Energy Limited (SAATVIKGL)

  • Appointment: Ms. Jyoti Verma
  • Role: Company Secretary & Compliance Officer (KMP)
  • Effective Date: 23-Apr-2026

  • Appointment: Mr. Rishabh Mehtta

  • Role: Interim Chief Financial Officer (KMP)
  • Effective Date: 23-Apr-2026

  • Change (role transfer): Mr. Vaibhav Bhardwaj

  • Role: COO (Senior Management Personnel)
  • Effective Date: Ceases as SMP close of business hours on 30-Apr-2026
  • Context: Transferred to Saatvik Solar Industries Pvt. Ltd. (wholly owned subsidiary).

Bank of Baroda (BANKBARODA)

  • Appointment: Mr. Agarwal Vivek
  • Role: Head – Legal & RTI (SMP)
  • Effective Date: 23-Apr-2026 (date of orders)
  • Context: Appointment as SMP/functional head.

Asian Warehousing Limited (ASIANW)

  • Appointment: Mr. Vishnu Singh
  • Role: Chief Financial Officer
  • Effective Date: 23-Apr-2026
  • Context: Board approved appointment as CFO.

Rex Sealing and Packing Industries Limited (REXSEAL)

  • Resignation: Ms. Aishwarya Kachhawaha
  • Role: Company Secretary & Compliance Officer
  • Effective Date: 23-Apr-2026 (after closure of business hours)
  • Context: Resignation due to personal reasons.

  • Appointment: Mr. Manish Tarachand Pande

  • Role: Company Secretary & Compliance Officer
  • Effective Date: 23-Apr-2026
  • Context: Appointed in replacement.

Dabur India Limited (DABUR)

  • Appointment (update): Mr. Herjit S. Bhalla
  • Role: Chief Executive Officer – India Business (Senior Management Personnel)
  • Effective Date: 23-Apr-2026
  • Context: Joined and reports to Mohit Malhotra (WTD & Global CEO).

EPACK Durable Limited (EPAC3)

  • Resignation: Mr. Narayan Lodha
  • Role: Executive Director & Group CFO
  • Effective Date: Close of business hours 30-Apr-2026
  • Context: Resignation “to pursue another opportunity”.

Integra Engineering India Limited (INTEGRA)

  • Resignation: Mr. Kunal Thakrar
  • Role: Chief Financial Officer (KMP)
  • Effective Date: Relieved close of business hours on 29-May-2026
  • Context: Resignation due to personal reasons; transition period until May 29.

Shilpa Medicare Limited (SHILPAMED/BSE: 530549)

  • Appointment: Dr. Vellaian Karuppiah
  • Role: Chief Operating Officer (COO) – Formulations (Senior Managerial Personnel)
  • Effective Date: 23-Apr-2026
  • Context: Appointment approved by Nomination & Remuneration Committee.

Valiant Laboratories Limited (VALIANTLAB)

  • Resignation: Mr. Bhanudas D. Patil
  • Role: Q.C Manager (Senior Management Personnel)
  • Effective Date: 22-Apr-2026 (closure of business hours)
  • Context: Resignation due to personal commitments.

3M India Limited (3MINDIA)

  • Cessation: Mr. Rajiv Gupta
  • Role: Country Business Leader – Healthcare Business (Senior Management Personnel)
  • Effective Date: Close of business hours 30-Apr-2026
  • Context: Transition to a new role within 3M Group.

Vedant Asset Limited (VEDANTASSET)

  • Resignation: Ms. Priya Kumari
  • Role: Company Secretary & Compliance Officer (KMP)
  • Effective Date: Close of business hours 23-Apr-2026
  • Context: Resignation due to personal reasons.

Aurum PropTech Limited (AURUM)

  • Resignation: Ms. Sonia Jain
  • Role: Company Secretary & Compliance Officer (KMP)
  • Effective Date: Close of business hours 30-Apr-2026 (relieved from duties)
  • Context: Resignation accepted; stated for “professional growth” (no other material reason).

  • Appointment: Ms. Pranali Desale

  • Role: Company Secretary & Compliance Officer (KMP)
  • Effective Date: 01-May-2026

Interworld Digital Limited (INTERDIGI)

  • Appointment: Mr. Faizal Bavaraparambil Abdul Khader
  • Role: Additional Director (Non-Executive/Non-Independent)
  • Effective Date: 20-Apr-2026
  • Context: Board approved appointment; filing is a clarification regarding disclosure upload timing.

Netlink Solutions (India) Limited (NETLINK)

  • Appointment: Ms. Aanal Satyawadi
  • Role: Additional Non-Executive Independent Director
  • Effective Date: 23-Apr-2026 (subject to shareholder approval)

  • Appointment: Ms. Yesha Shah

  • Role: Additional Non-Executive Independent Director
  • Effective Date: 23-Apr-2026 (subject to shareholder approval)

  • Resignation: Mr. Manoj Ashok Pardhee

  • Role: Independent Director
  • Effective Date: Close of business hours 23-Apr-2026
  • Context: Resigned due to “change in management and control” after completion of open offer.

  • Resignation: Mr. Pankaj Vrajlal Sodha

  • Role: Independent Director
  • Effective Date: Close of business hours 23-Apr-2026
  • Context: Same reason: change in management/control post open offer.

Billwin Industries Limited (BILLWIN)

  • Appointment: Ms. Anita Ramchandani
  • Role: Additional Director designated as Non-Executive Non-Independent Director
  • Effective Date: 23-Apr-2026 (subject to shareholder approval)

Bharti Hexacom Limited (BHARTIHEXA)

  • Resignation: Mr. Kanwaljit Singh Cheema
  • Role: Independent Director
  • Effective Date: Close of business hours 23-Apr-2026
  • Context: “pressing personal and professional commitments”.

Saurashtra Cement Limited (SAURASHCEM)

  • Resignation: Mr. Mahendra Nanjibhai Mehta
  • Role: Chairman Emeritus (Non-Executive Non-Independent Director)
  • Effective Date: Close of business hours 23-Apr-2026
  • Context: “ageing and health issues”.

Hexaware Technologies Limited (HEXT)

  • Resignation: Mr. Shawn Devilla
  • Role: Non-Executive Non-Independent Director
  • Effective Date: Close of business hours 22-Apr-2026
  • Context: “professional commitments”.

Avi Products India Limited (APIL)

  • Resignation: Ms. Hemali Pankaj Patel
  • Role: CFO
  • Effective Date: 23-Apr-2026 (after closing of business hours)
  • Context: “change of control and management”.

  • Appointment: Mr. Nikunj Bharatbhai Gandhi

  • Role: CFO
  • Effective Date: 23-Apr-2026

  • Resignation: Ms. Shreyana Satyashodhak Koyande

  • Role: Company Secretary & Compliance Officer
  • Effective Date: 23-Apr-2026 (after closing of business hours)

  • Appointment: Ms. Renu Choudhary

  • Role: Company Secretary & Compliance Officer
  • Effective Date: 23-Apr-2026

  • Board/Director resignations (Independent/Non-Executive):

  • Daksha Nilesh Vora (Independent Director) – resigned 23-Apr-2026 (after close)
  • Abhishek Nilesh Vora – resigned 23-Apr-2026 (after close)
  • Manas Ranjan Palo – resigned 23-Apr-2026 (after close)
  • Saroj Kumar Choudhury – resigned 23-Apr-2026 (after close)
  • Context (for all): “change of control and management”.

  • Board/Director appointments (Additional Directors):

  • Parthh K Mehta – Additional Executive Director & Chairman (effective 23-Apr-2026)
  • Ameya Tandulkar – Additional Executive Director (effective 23-Apr-2026)
  • Bankim Mehta – Additional Non-Executive Non-Independent Director (effective 23-Apr-2026)
  • Malvika Jagani – Additional Non-Executive Independent Woman Director (effective 23-Apr-2026)
  • Dayashankar Patel – Additional Non-Executive Independent Director (effective 23-Apr-2026)
  • Aditya Soni – Additional Non-Executive Independent Director (effective 23-Apr-2026)
  • Context: “change of control and management” / acquirer/promoter representation.

AVI Products India Limited (APIL) – Secretarial/other auditor changes

  • Resignation: VKMG & Associates LLP (Secretarial Auditor) – resigned 23-Apr-2026 (after close)
  • Appointment: Pooja Gala & Associates – Secretarial Auditor (for FY 2025-26 till next AGM)
  • Appointment: K. C. Shrimanker & Associates – Internal Auditor (FY 2026-27 from 23-Apr-2026)

Aurum PropTech Limited (AURUM) – Board/Director changes

  • Appointment: Ashim Ashitbaran Desai – Additional Non-Executive Independent Director (23-Apr-2026)
  • Appointment: Lakshmi Nagajyothi Potluri Ashok Kumar – Additional Non-Executive Independent Director (23-Apr-2026)
  • Re-appointment: Ajit Joshi – Independent Director (2nd term 23-Jul-2026 to 22-Jul-2031)
  • Chairman designation: Ashish Deora – designated Chairman (23-Apr-2026)
  • Context: Board approvals; postal ballot planned for shareholder approvals.

Netlink Solutions (India) Limited (NETLINK) – Board changes

  • Appointment: Aanal Satyawadi & Yesha Shah – Additional Independent Directors (23-Apr-2026)
  • Resignation: Manoj Ashok Pardhee & Pankaj Vrajlal Sodha – Independent Directors (23-Apr-2026) due to change in management/control post open offer.

Zodiac Energy Limited (ZODIAC)

  • Change: Designation change (Independent → Non-Independent)
  • Person: Dhaval Shah (DIN: 07933310)
  • Effective Date: 23-Apr-2026 (subject to shareholder approval within 3 months or at ensuing GM)
  • Context: Change in designation from Non-Executive Independent to Non-Executive Non-Independent.

Mahindra Logistics Limited (MAHLOG)

  • Re-appointment: Mr. Ameet Hariani (DIN: 00087866)
  • Role: Independent Director
  • Effective Date: 1-May-2027 to 30-Apr-2032 (subject to shareholder approval)
  • Context: 2nd term of 5 years.

Allcargo Logistics Limited (ALLCARGO)

  • Re-appointment: Mr. Sivaraman Narayanaswami (DIN: 00001747)
  • Role: Independent Director
  • Effective Date: 4-May-2026 to 3-May-2027 (subject to shareholder approval)
  • Context: Postal ballot approved.

Bharat Dynamics Limited (BDL)

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

Twamev Construction and Infrastructure Limited (TICL)

  • Demise: Prof. Santanu Ray
  • Role: Independent Director
  • Effective Date: 18-Apr-2026
  • Context: Death of director.

Bikaji Foods International Limited (BIKAJI)

  • Demise: Shri Shiv Ratan Agarwal
  • Role: Promoter, Chairman & Whole-Time Director
  • Effective Date: 23-Apr-2026
  • Context: Demise; cessation as promoter/promoter group per Regulation 31A.