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Management Changes

CFO shakeups: Huhtamaki, Kabra, Kimia, Tipco changes

April 28, 2026 6 mins read Firehose Gupta

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

0. Critical Alerts (for-cause resignations)

  • None found in the provided filings where the stated reason indicates governance/ethical/other serious concerns (e.g., “lack of access to information”, “governance concerns”, “mismanagement”, etc.).

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

Huhtamaki India Limited (NSE: HUHTAMAKI)

  • Change: Appointment (CFO – KMP)
  • Person: Mr. Amit Gupta
  • Role: Chief Financial Officer (CFO)
  • Effective Date: April 28, 2026
  • Context: Board approved appointment on April 27, 2026; Mr. Anil Kaul to cease being CFO/KMP at end of April 27, 2026.

  • Change: Transition/cessation (CFO – KMP)

  • Person: Mr. Anil Kaul
  • Role: CFO (KMP)
  • Effective Date: End of April 27, 2026
  • Context: To transition back to Finance Controller role.

Kabra Extrusiontechnik Limited (NSE: KABRAEXTRU)

  • Change: Resignation (CFO – KMP)
  • Person: Mr. Daulat Jain
  • Role: Chief Financial Officer (CFO) & KMP
  • Effective Date: Close of business hours, April 27, 2026
  • Context: Resignation to pursue another career opportunity.

Kimia Biosciences Limited (BSE: 530313)

  • Change: Appointment (CFO – KMP)
  • Person: Mr. Mani Jain
  • Role: Chief Financial Officer (CFO) & KMP
  • Effective Date: April 27, 2026
  • Context: Board approved appointment at meeting held April 27, 2026.

Mphasis Limited (BSE: 526299)

  • Change: Appointment (senior leadership; not CEO/CFO/COO/Chairman/MD)
  • Person: Mr. Richard Miller
  • Role: Executive Vice President & Global Head of Insurance Business
  • Effective Date: April 27, 2026
  • Context: Appointment as Senior Management Personnel (Reg 30 disclosure).

Cropster Agro Limited (BSE: 523105)

  • Change: Resignation (CFO – KMP)
  • Person: Mr. Pavankumar Ramsinh Verma
  • Role: Chief Financial Officer (CFO)
  • Effective Date: April 27, 2026
  • Context: Resignation noted by Board; company received confirmation of no other material reasons.

JMG Corporation Limited (BSE: 523712)

  • Change: Resignation (Chairman & MD)
  • Person: Mr. Atul Kumar Mishra
  • Role: Chairman & Managing Director
  • Effective Date: Close of business hours, April 27, 2026
  • Context: Resignation pursuant to successful takeover/change in management.

  • Change: Appointment (MD)

  • Person: Mr. Neerav Bairagi
  • Role: Managing Director (change in designation from Additional Director)
  • Effective Date: April 27, 2026
  • Context: Subject to shareholder approval.

AGI Greenpac Limited (BSE: 500187)

  • Change: Re-appointment (Chairman & MD)
  • Person: Mr. Sandip Somany
  • Role: Chairman & Managing Director
  • Effective Date: From December 1, 2026 (subject to shareholder approval)
  • Context: Re-appointment for a further 5-year term.

The State Trading Corporation of India Limited (BSE: 512531)

  • Change: Tenure cessation (CMD)
  • Person: Shri Nitin Kumar Yadav
  • Role: Chairman & Managing Director
  • Effective Date: April 27, 2026
  • Context: Tenure ended; ceases to be Director upon completion of tenure.

Tipco Engineering India Limited (BSE: 544740)

  • Change: Appointment (CFO – KMP)
  • Person: Mr. Ramesh Goel
  • Role: Chief Financial Officer (CFO) & KMP
  • Effective Date: April 27, 2026
  • Context: Board appointment based on recommendations of Nomination & Remuneration Committee and Audit Committee.

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

AGI Greenpac Limited (BSE: 500187)

  • Appointment: Mr. Abhijeet Srivastava
  • Role: Vice President – CMD Office (designated as Senior Management Personnel)
  • Effective Date: May 1, 2026

Mphasis Limited (BSE: 526299)

  • Appointment: Mr. Richard Miller
  • Role: Executive Vice President & Global Head of Insurance Business
  • Effective Date: April 27, 2026

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

ZF Commercial Vehicle Control Systems India Limited (BSE: 533023)

  • Resignation: Dr. Lars Orlik
  • Role: Non-Executive Non-Independent Director
  • Effective Date: Close of business hours, April 30, 2026
  • Context: “due to his personal and professional commitments.”
  • Appointment: Ms. Claudia Christina Jehle
  • Role: Additional Director (Non-Executive & Non-Independent)
  • Effective Date: May 4, 2026
  • Context: Board circular resolution passed April 27, 2026.

CROPSTER AGRO LIMITED (BSE: 523105)

  • Appointment: Mr. Chirag Jonwal
  • Role: Additional Non-Executive & Independent Director
  • Effective Date: April 27, 2026
  • Resignation: Mr. Mahavirsinh Pravinsinh Zala
  • Role: Non-Executive & Independent Director
  • Effective Date: April 27, 2026
  • Context: “Due to personal reason.”

Godrej Agrovet Limited (BSE: 540743)

  • Re-appointment: Dr. Ashok Gulati
  • Role: Independent Director
  • Effective Date: May 7, 2026 to May 10, 2029
  • Context: Approved by shareholders via postal ballot concluded April 27, 2026.

Canara Robeco Asset Management Company Limited (BSE: 544580)

  • Re-appointment: Mr. Ravindran Menon
  • Role: Independent Director
  • Effective Date: Oct 20, 2026 to Oct 19, 2029
  • Context: Board recommended re-appointment for second term (subject to shareholder approval).

HMT Limited (BSE: 500191)

  • Appointment: Ms. Nigar Fatima Husain
  • Role: Government Nominee Director
  • Effective Date: April 27, 2026
  • Context: MHI order dated April 27, 2026; vice Shri Asit Gopal.

Rallis India Limited (BSE: 500355)

  • Appointment: Mr. David Francis Crean
  • Role: Additional Director (Non-Executive, Independent)
  • Effective Date: April 27, 2026
  • Term: 5 years (to April 26, 2031), subject to shareholder approval.

Jindal Saw Limited (BSE: 500378)

  • Appointment: Mr. Ashutosh Karnatak
  • Role: Additional Director (Independent)
  • Effective Date: April 27, 2026

City Union Bank Limited (BSE: 532210)

  • Co-option/Appointment: Shri R Mohan
  • Role: Additional Director (to be designated as Independent Director)
  • Effective Date: April 27, 2026 (subject to shareholder approval within 3 months)

Rossari Biotech Limited (BSE: 543213)

  • Appointment: Mr. Udeypaul Singh Gill
  • Role: Additional Director (Non-Executive, Independent)
  • Effective Date: April 28, 2026
  • Term: 3 years (to April 27, 2029), subject to shareholder approval.

IYKOT HITECH TOOLROOM LIMITED (BSE: 522245)

  • Appointments:
  • Mrs. Aksha Mohit Kamboj — Additional Director (Non-Executive) (April 27, 2026)
  • Mr. Sukumar Anand Shetty — Additional Director (Non-Executive) (April 27, 2026)
  • Ms. Vaishali Sharad Lad — Additional Director (Non-Executive) (April 27, 2026)
  • Resignations (board):
  • Ms. Likhitta Dugar — Whole-time Director (resignation received April 27, 2026)
  • Ms. Annjana Dugar — Director (resignation received April 27, 2026)
  • Context (for resignations): “due to the Company undergoing the process of change in management pursuant to the Open Offer…”

Advance Metering Technology Limited (BSE: 534612)

  • Appointment: Mrs. Natasha Tara Ranade
  • Role: Additional Director (Executive Director)
  • Effective Date: April 27, 2026 (subject to shareholder approval)

Burnpur Cement Limited (BSE: 532931)

  • Resignation: Mr. Indrajeet Kumar Tiwary
  • Role: Whole-time Director (also Stakeholders Relationship Committee member)
  • Effective Date: Close of business hours, April 27, 2026
  • Context: “due to personal reasons.”
  • Committee reconstitution: Stakeholders Relationship Committee reconstituted w.e.f. April 27, 2026 by inducting Mr. Pawan Pareek.

JMG Corporation Limited (BSE: 523712)

  • Resignations (board):
  • Mr. Atul Kumar Mishra — Chairman & MD (close of business hours, April 27, 2026)
  • Mrs. Anita Mishra — Director (close of business hours, April 27, 2026)
  • Mr. Subodh Kumar — Director (close of business hours, April 27, 2026)
  • Mr. Satish Charan Kumar Patne — Independent Director (close of business hours, April 27, 2026)
  • Mr. Vivek Bansal — Independent Director (close of business hours, April 27, 2026)
  • Mr. Neeraj Jain — Independent Director (close of business hours, April 27, 2026)
  • Appointments (board):
  • Mr. Neerav Bairagi — Additional Director (April 27, 2026), later designated as MD (subject to shareholder approval)
  • Ms. Maya Bairagi — Additional Director (April 27, 2026)
  • Mr. Rahul Singh Jadaun — Additional Director (Non-executive Independent) (April 27, 2026)
  • Mr. Yashasvi Prateek — Additional Director (Non-executive Independent) (April 27, 2026)

AGI Greenpac Limited (BSE: 500187)

  • Appointment: Mr. Ram Babu Kabra — Additional Director (Non-Executive, Non-Independent) (April 28, 2026, subject to shareholder approval)
  • Recommended appointment: Mr. Sushil Kumar Roongta — Independent Director (from July 1, 2026, 5 years; subject to shareholder approval)
  • Re-appointment: Mr. Sandip Somany — Chairman & MD (from Dec 1, 2026, subject to shareholder approval)

UMIYA BUILDCON LIMITED (BSE: not provided in filing)

  • Internal Auditors appointment only (no director change captured in provided excerpt).

Rallis / Pecos / Tipco / Others

  • Director changes captured above where explicitly stated in the provided documents.

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

Cropster Agro Limited (BSE: 523105)

  • Clustered exits/entries on the same date (April 27, 2026):
  • CFO resignation (Mr. Pavankumar Ramsinh Verma)
  • Independent director resignation (Mr. Mahavirsinh Pravinsinh Zala)
  • Independent director appointment (Mr. Chirag Jonwal)
  • Board committee reconstitutions also effective April 27, 2026.

JMG Corporation Limited (BSE: 523712)

  • High concentration of leadership/board/KMP changes effective April 27, 2026 following successful takeover:
  • Multiple director resignations (Chairman & MD, Director(s), Independent Director(s))
  • CFO resignation (Sonu Kumar Varshney)
  • Company Secretary resignation (Nisha Kumari)
  • Multiple director appointments and MD designation (subject to shareholder approval)
  • CFO appointment (Manprakash Verma)

IYKOT HITECH TOOLROOM LIMITED (BSE: 522245)

  • Management change context: resignations of Whole-time Director and Director explicitly linked to Open Offer/change in management, alongside simultaneous appointment of multiple Additional Directors.

5. Reappointments / Extensions (side notes)

Godrej Agrovet Limited (BSE: 540743)

  • Re-appointment: Dr. Ashok Gulati as Independent Director for May 7, 2026–May 10, 2029.

Canara Robeco Asset Management Company Limited (BSE: 544580)

  • Re-appointment: Mr. Ravindran Menon as Independent Director for Oct 20, 2026–Oct 19, 2029 (subject to shareholder approval).

AGI Greenpac Limited (BSE: 500187)

  • Re-appointment: Mr. Sandip Somany as Chairman & MD for 5 years from Dec 1, 2026 (subject to shareholder approval).

Plastiblends India Limited (BSE: 523648)

  • Re-appointment: Mr. Varun S. Kabra as Director liable to retire by rotation; and as Vice-Chairman & MD (term details subject to shareholder approval; effective dates referenced in filing).

If you want, I can also provide a separate “KMP-only” table (excluding directors) or a ticker-wise index for faster cross-referencing.