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Management Changes

Five-Year CEO/CFO/Chairman Appointments Across Four Firms

April 29, 2026 8 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 resignation reason indicates governance/ethical/management misconduct or “for cause” concerns.

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

Consolidated Construction Consortium Ltd (CCCL)

  • Change: Appointment (MD)
  • Person: Sri S Subramanian
  • Role: Managing Director & Chief Executive Officer (designated as CEO–MD)
  • Effective Date: 28 April 2026
  • Context: Board approved appointment for 5 years, subject to shareholder approval.

Praj Industries Ltd (PRAJIND)

  • Change: Appointment (CFO + JMD)
  • Person: Mr. Sachin Raole
  • Role: Joint Managing Director & Chief Financial Officer
  • Effective Date: 30 April 2026
  • Context: Appointed for 5 years (till 29 April 2031), subject to shareholder approval.

Sanofi India Ltd (SANOFI)

  • Change: Appointment (Chairman)
  • Person: Mr. Rahul Bhatnagar
  • Role: Chairman of the Board
  • Effective Date: 30 April 2026
  • Context: Board appointed him as Chairman with effect from 30 April 2026.

Sapphire Foods India Ltd (SAPPHIRE)

  • Change: Re-appointment (CEO-equivalent)
  • Person: Mr. Sanjay Purohit
  • Role: Whole-Time Director & Group CEO
  • Effective Date: from expiry of present term (from 23 July 2026)
  • Context: Re-appointed for 5 years (till 22 July 2031), subject to shareholder approval; also noted “OR upto effective date of proposed merger… whichever is earlier”.

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

Firstsource Solutions Ltd (FSL)

  • Resignation: Ms. Jagriti Bhattacharyya
  • Role: Executive Vice President – General Counsel (Senior Management Personnel)
  • Effective/cessation: 30 June 2026
  • Context: Resignation (reason not stated beyond resignation letter attachment).

Brigade Hotel Ventures Ltd (BRIGHOTEL)

  • Resignation: Mr. Manoj Agarwal
  • Role: Chief Operating Officer (COO) (Senior Management Personnel)
  • Effective/cessation: Relieved from closure of business hours on 16 July 2026
  • Context: Resignation due to personal reasons including relocation from Bangalore to be closer to family.

Bata India Ltd (BATAINDIA)

  • Appointment: Ms. Sudakshina Ghosh
  • Role: Vice President – HR
  • Effective date: On or before 25 May 2026 (subject to joining formalities)
  • Context: SMP change (appointment).

  • Resignation: Mr. Uttam Kumar

  • Role: Senior Vice President – Merchandising & Replenishment
  • Effective/cessation: 1 May 2026 (end of working hours)
  • Context: Resignation to pursue career opportunities outside Bata India Ltd.

Five-Star Business Finance Ltd (FIVESTAR)

  • Appointment/Extension: Mr. Jayaraman S
  • Role: Chief Risk Officer (Senior Management Personnel)
  • Effective date: 1 June 2026
  • Context: Tenure extended by 3 years (board approval based on NRC recommendation).

Go Digit General Insurance Ltd (GODIGIT)

  • Appointment: Mr. Ajaysinh Bharatsinh Jadeja
  • Role: Chief Legal Claims and Investigation Officer (SMP/KMP)
  • Effective date: 28 April 2026
  • Context: Board approved appointment (details provided as SMP/KMP under IRDAI governance framework).

Skipper Ltd (SKIPPER)

  • Re-designation: Mr. G.S. Sainath
  • Role: Chief Business Officer (CBO), Skipper Pipes
  • Effective date: 28 April 2026
  • Context: Re-designated (previously President–Polymer Division).

VIP Industries Ltd (VIPIND)

  • Appointment: Mr. Alok Pathak
  • Role: Chief Sales Officer (Senior Management Personnel)
  • Effective date: 28 April 2026
  • Context: Board approved appointment based on NRC recommendation.

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

MSR India Ltd (508922)

  • Resignation: Mr. Boddu Sri Ram Chowdary
  • Role: Independent Director
  • Effective date: 28 April 2026 (close of business hours)
  • Context: Resignation due to personal situations and commitments; confirmation: “no material reasons… other than those mentioned”.

Life Insurance Corporation of India (LICI)

  • Cessation (term completion): Shri Vinod Kumar Verma
  • Role: Independent Director
  • Effective date: 28 April 2026 (after close of day)
  • Context: Ceased upon completion of term.

  • Cessation (term completion): Dr. Ranjan Sharma

  • Role: Independent Director
  • Effective date: 28 April 2026 (after close of day)
  • Context: Ceased upon completion of term.

Motherson Sumi Wiring India Ltd (MSUMI)

  • Resignation: Mr. Yuichi Shimizu
  • Role: Nominee Director (Sumitomo Wiring Systems Ltd, Japan)
  • Effective date: 28 April 2026
  • Context: Resigned pursuant to change in nomination.

  • Appointment: Mr. Ryuji Sakai

  • Role: Additional Director
  • Effective date: 28 April 2026
  • Context: Appointed as Additional Director; appointment to be taken up in ensuing AGM (liable to retire by rotation).

Sanofi India Ltd (SANOFI)

  • Cessation (term completion): Mr. Aditya Narayan
  • Role: Independent Director
  • Effective date: 29 April 2026 (close of business hours)
  • Context: Tenure completion.

  • Cessation (term completion): Mrs. Usha Thorat

  • Role: Independent Director
  • Effective date: 29 April 2026 (close of business hours)
  • Context: Tenure completion.

Assam Entrade Ltd (542911)

  • Resignation: M/s. Shivam Grover & Associates
  • Role: Secretarial Auditor (not a director; included here only as a “board-related” governance change)
  • Effective date: 28 April 2026 (immediate)
  • Context: Resignation due to internal professional reasons; confirmation: no material reasons.

Adeshwar Meditex Ltd (ADESHWAR)

  • Resignation: Mr. Arun Shankar Koli
  • Role: Independent Director
  • Effective date: 28 April 2026
  • Context: Resignation due to personal and professional commitments; confirmation: no other material reasons.

Espire Hospitality Ltd (532016)

  • Resignation: Mr. Pramod Bhatnagar
  • Role: Non-Executive Independent Director
  • Effective date: 30 April 2026
  • Context: Resignation due to personal/unavoidable circumstances (pre-occupation and unavoidable commitments); confirmation: no material reasons other than provided.

Shangar Decor Ltd (540259)

  • Resignation: Mr. Amit Panalal Shah
  • Role: Additional (Non-Executive and Independent) Director
  • Effective date: 27 April 2026 (close of business hours)
  • Context: Resignation due to personal and other professional commitments; confirmation: no other material reasons.

Ramkrishna Forgings Ltd (RKFORGE)

  • Appointment: Mr. Chetan Rameshchandra Desai
  • Role: Non-Executive Independent Director
  • Effective date: 29 April 2026
  • Context: Appointed for 5 years (till 28 April 2031) via postal ballot.

Greenply Industries Ltd (GREENPLY)

  • Resignation: Mr. Manoj Tulsian
  • Role: JMD & CEO (director role)
  • Effective date: 30 April 2026 (close of business hours)
  • Context: Resignation due to personal reasons; to remain associated as advisor.

  • Re-appointment: Ms. Vinita Bajoria

  • Role: Independent Director
  • Effective date: 15 September 2026
  • Context: Re-appointed for 5 years (till 14 September 2031), subject to shareholder approval.

Aptus Value Housing Finance India Ltd (APTS)

  • Re-appointment: Ms. Mona Kachhwaha
  • Role: Non-Executive Independent Director
  • Effective date: 5 May 2026
  • Context: Re-appointed for 2 years (till 4 May 2028), subject to shareholder approval.

TV Today Network Ltd (TVTODAY)

  • Appointment (effective): Mr. Abhishek Malhotra
  • Role: Non-Executive Independent Director
  • Effective date: 28 April 2026
  • Context: Appointment became effective after MIB approval (shareholders already approved via postal ballot).

Ratnaveer Precision Engineering Ltd (RATNAVEER)

  • Appointment: Mrs. Seema Vijay Sanghavi
  • Role: Additional Director (designated as Executive Director)
  • Effective date: 28 April 2026
  • Context: Appointed for 5 years (till 27 April 2031), subject to shareholder approval.

AdCounty Media India Ltd (ADCOUNTY)

  • Appointment: Mr. Kumar Saurav
  • Role: Additional Director (Executive) / Whole-Time Director
  • Effective date: 28 April 2026
  • Context: Appointed for 5 years, subject to shareholder approval.

  • Appointment: Mr. Prateek Bhansali

  • Role: Additional Director (Non-Executive Independent)
  • Effective date: 28 April 2026
  • Context: Appointed for 5 years, subject to shareholder approval.

Reganto Enterprises Ltd (517393)

  • Appointment: Mr. Sudhir Somchandra Agrawal
  • Role: Additional Director (Independent)
  • Effective date: 28 April 2026 (subject to shareholder approval in ensuing general meeting)
  • Context: Board approved appointment.

Devinsu Trading Ltd (DEVITRD)

  • Appointment: Mr. Deniis Desai
  • Role: Whole-Time Director
  • Effective date: 04 February 2026
  • Context: Appointed for 5 years (till 03 April 2031)—shareholders approved at EOGM held 27 April 2026.

  • Appointment: Mr. Mukesh Kumar Bothra

  • Role: Non-Executive Director
  • Effective date: 04 February 2026
  • Context: Appointed for 5 years (till 03 February 2031)—shareholders approved at EOGM 27 April 2026.

  • Appointment: Mr. Umakant Kashinath Bijapur

  • Role: Independent Director
  • Effective date: 04 February 2026
  • Context: Appointed for 5 years (till 03 February 2031)—shareholders approved at EOGM 27 April 2026.

  • Appointment: Mr. Sahil Jain

  • Role: Independent Director
  • Effective date: 04 February 2026
  • Context: Appointed for 5 years (till 03 April 2031)—shareholders approved at EOGM 27 April 2026.

Automobile Corporation of Goa Ltd (ACGLGOA)

  • Appointment: Mr. Santhosh Shadadal
  • Role: Company Secretary & Compliance Officer (KMP)
  • Effective date: 27 April 2026
  • Context: Board appointed CS & Compliance Officer.

Sapphire Foods India Ltd (SAPPHIRE)

  • Re-appointment: Mr. Sunil Chandiramani
  • Role: Chairman & Independent Director
  • Effective date: from 5 August 2026
  • Context: Second term for 5 years (till 4 August 2031), subject to shareholder approval; also “OR upto effective date of proposed merger… whichever is earlier”.

  • Re-appointment: Ms. Deepa Wadhwa

  • Role: Independent Director
  • Effective date: from 5 August 2026
  • Context: Second term for 5 years (till 4 August 2031), subject to shareholder approval; merger clause noted.

  • Re-appointment: Ms. Anu Aggarwal

  • Role: Independent Director
  • Effective date: from 5 August 2026
  • Context: Second term for 5 years (till 4 August 2031), subject to shareholder approval; merger clause noted.

  • Continuation: Mr. Sumeet Narang

  • Role: Non-Executive Nominee Director
  • Effective date: from 22 July 2026
  • Context: Continued for 5 years (till 21 July 2031), subject to shareholder approval; merger clause noted.

Sapphire Foods India Ltd (SAPPHIRE) – Executive resignation

  • Resignation: Mr. Amar Patel
  • Role: Executive VP & Chief Technology Officer (Senior Management Personnel)
  • Effective date: Notice period till 1 June 2026 (or other date decided by management)
  • Context: Resignation from services of the company.

4. Notable Company-Specific Situations

Sapphire Foods India Ltd (SAPPHIRE)

  • Clustered governance/executive changes in one board outcome: resignation of CTO (Amar Patel) plus multiple director re-appointments (Chairman + 2 independent directors + nominee director continuation) and re-appointment of Group CEO.

Devinsu Trading Ltd (DEVITRD)

  • Multiple director appointments (WT Director + Non-Executive Director + 2 Independent Directors + another Independent Director) all tied to EOGM approvals around 27 April 2026.

5. Reappointments / Extensions (side notes)

Piramal Pharma Ltd (PPLPHARMA)

  • Re-appointment: Ms. Nandini Piramal as Whole-Time Director (Executive Director & Chairperson) — from 1 April 2027 (3 years), subject to shareholder approval.
  • Re-appointment: Mr. Peter DeYoung as Whole-Time Director (Executive Director) — from 6 October 2026 (3 years), subject to shareholder approval.
  • Re-appointment: Mr. Sridhar Gorthi as Independent Director — from 30 March 2027 (5 years), subject to shareholder approval.
  • Re-appointment: Mr. Peter Stevenson as Independent Director — from 30 March 2027 (5 years) + continuation post age 75, subject to shareholder approval.
  • KMP change: Appointment of Maneesh Sharma as Company Secretary & Compliance Officer — from 29 April 2026; Pratibha Mishra ceases as Interim CS/KMP.

Greenply Industries Ltd (GREENPLY)

  • Re-appointment: Ms. Vinita Bajoria as Independent Director — 15 Sep 2026 to 14 Sep 2031 (subject to shareholder approval).

Aptus Value Housing Finance India Ltd (APTS)

  • Re-appointment: Ms. Mona Kachhwaha as Independent Director — May 2026 to May 2028 (subject to shareholder approval).

Five-Star Business Finance Ltd (FIVESTAR)

  • Extension: Chief Risk Officer Jayaraman S — 3-year extension from 1 June 2026.

AWL Agri Business Ltd (AWL)

  • Re-appointment: Mr. Ravindra Kumar Singh as Whole-Time Director — from 1 Nov 2026 for 3 years, subject to shareholder approval.

Consolidated Construction Consortium Ltd (CCCL)

  • Re-appointment: Sri R Sarabeswar as Whole-Time Director–Chairman — from 1 July 2026 for 5 years (subject to shareholder approval).
  • Re-appointment: Sri S Sivaramakrishnan as Whole-Time Director–Vice Chairman — from 1 July 2026 for 5 years (subject to shareholder approval).

Leela Palaces Hotels & Resorts Ltd (THELEELA)

  • Appointment: Internal Auditor PwC Services LLP for FY 2026-27 (not a core leadership role, but governance appointment).

If you want, I can also provide a machine-readable table (CSV-style) of all leadership/director/KMP changes extracted from these filings.