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Management Changes

CFO appointments and CMD redesignations across three firms

May 10, 2026 4 mins read Firehose Gupta

Daily Management-Change Report (BSE filings | last 24 hours)

0. Critical Alerts (Resignation “for cause”)

No “for cause” resignations were found in the provided filings. (All resignations cited were for personal circumstances/reasons or other non-cause explanations.)


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

Nilachal Carbo Metalicks Limited (Scrip: 544510)

  • Change: Appointment
  • Person: Mr. Asmi Amitav Pattanaik
  • Role: CFO (Key Managerial Personnel)
  • Effective Date: May 09, 2026
  • Context: Board appointment as CFO/KMP.

Steel Authority of India Limited (SAIL) (No ticker provided in filing)

  • Change: Appointment / Board composition change
  • Person: Dr. Ashok Kumar Panda
  • Role: Chairman & Managing Director (CMD)
  • Effective Date: May 09, 2026
  • Context: “Joined as Chairman & Managing Director (CMD)” after Government appointment.

Sambhv Steel Tubes Limited (Scrip: 544430)

  • Change: Redesignation (Chairman/ED → CMD)
  • Person: Mr. Suresh Kumar Goyal
  • Role: Chairman cum Managing Director (CMD)
  • Effective Date: May 09, 2026 (subject to shareholder approval as stated)
  • Context: Re-designated from “Chairman and Executive Director” to “Chairman cum Managing Director”.

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

Honasa Consumer Limited (HONASA)

  • Resignation: Mr. Yatish Bhargava — Chief Business Officer
  • Effective Date: Close of business hours, May 15, 2026
  • Context: Resignation due to personal circumstances.

Utkarsh Small Finance Bank Limited (UTKARSHBNK)

  • Appointment: Ms. Dhara Vyas — Chief Human Resources Officer (Senior Management)
  • Effective Date: May 09, 2026
  • Appointment: Mr. Abhay Kataria — Head- Assets (Senior Management)
  • Effective Date: May 09, 2026
  • Appointment: Mr. Anindya Mitra — Chief Credit Officer (Senior Management)
  • Effective Date: May 09, 2026

Medi Assist Healthcare Services Limited (MEDIASSIST)

  • Appointment: Ms. Vinaya Natarajan — Chief Legal Officer (Senior Managerial Personnel)
  • Effective Date: May 09, 2026
  • Appointment: Mr. Praveen Samariya — Chief Technology Officer (Senior Managerial Personnel)
  • Effective Date: May 09, 2026
  • Appointment: Mr. Dhruv Rastogi — Chief AI Officer (Senior Managerial Personnel)
  • Effective Date: May 09, 2026

Tata Capital Limited (TATACAP)

  • Designation / Senior Management designation (effective May 11, 2026):
  • Mr. Sandeep Suhasaria — Chief Business Officer (Syndication, Structured Finance & Large Corporate)
  • Mr. Mayank Bhandari — Chief Business Officer (Mid and Emerging Corporate Business)
  • Mr. Mitheel Mody — Business Head (Cleantech Finance)

Sambhv Steel Tubes Limited (Scrip: 544430)

  • Appointment: Mr. Shashank Goyal — Vice President – Project Management (SMP)
  • Effective Date: May 09, 2026
  • Context: Appointment as Senior Management Personnel.

Sambhv Steel Tubes Limited (Scrip: 544430) — additional director-related executive roles

  • Re-appointment: Mr. Bhavesh Khetan — Executive Director (liable to retire by rotation)
  • Effective Date: May 09, 2026
  • Re-appointment: Mr. Saurabh Patil — Executive Director (liable to retire by rotation)
  • Effective Date: May 09, 2026

Sambhv Steel Tubes Limited (Scrip: 544430) — resignation of SMP

  • Resignation: Mr. Mayank Agrawal — AVP (CEO’s Office & Investor Relations)
  • Effective Date: May 31, 2026
  • Context: Resignation to pursue professional growth opportunities.

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

Windsor Machines Limited (WINDMACHIN)

  • Appointment: Mr. Dharmendra Becharbhai Varasada — Additional Director (Executive Director)
  • Effective Date: May 09, 2026
  • Context: Board approval subject to shareholder approval.

Utkarsh Small Finance Bank Limited (UTKARSHBNK)

  • Appointment / Re-appointment:
  • Mr. Parveen Kumar Gupta — Independent Director (second term)
    • Effective Date: September 01, 2026
  • Mr. Anjani Kumar Srivastava — Additional Director (Non-Executive, Non-Independent)
    • Effective Date: May 09, 2026

Le Lavoir Limited (No ticker provided in filing)

  • Resignation: Ms. Keya Bhattacharya — Non-Executive & Independent Director
  • Effective Date: May 09, 2026
  • Context: Resignation due to personal reason.

Nilachal Carbo Metalicks Limited (Scrip: 544510)

  • Appointment: Mr. Ramesh Narayan Rao Deshpande — Additional Director
  • Effective Date: May 09, 2026

Sahyadri Industries Limited (Scrip: 532841)

  • Appointment: Mr. Sunil Mahendra Suratwala — Additional Director (Non-Executive & Independent)
  • Effective Date: May 09, 2026 (term until shareholder approval)
  • Re-appointment: Mrs. Moushmi Sahil Shaha — Independent Director (second term)
  • Effective Date: July 22, 2026
  • Re-appointment: Mr. Ankem Sri Prasad Mohan — Independent Director (second term)
  • Effective Date: December 21, 2026

Cambridge Technology Enterprises Limited (CTE)

  • Resignation: Mr. Srinivas Medepalli — Non-Executive & Independent Director
  • Effective Date: Close of business hours, May 08, 2026
  • Context: Resignation due to personal reasons.

Newtime Infrastructure Limited (Scrip: 531959)

  • Appointment: Mr. Sri Kant — Additional Director (Non-Executive & Independent)
  • Effective Date: May 09, 2026
  • Context: Appointment for 5 years, subject to shareholder approval.

D-Link (India) Limited (DLINKINDIA)

  • Appointment (consent given; effective after approvals): Ms. Jui-Chuan Chang (Ms. Della Chang) — Independent Director
  • Effective Date: After DIN/statutory approvals (separate resolution to follow; not yet stated as effective date)

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

Sahyadri Industries Limited (Scrip: 532841)

  • Multiple board actions in one meeting: appointment of a new independent director plus re-appointments of two independent directors, alongside committee reconstitution (Audit/NRC/Stakeholder/CSR).

Sambhv Steel Tubes Limited (Scrip: 544430)

  • Board-level changes clustered: CMD redesignation, executive director re-appointments, plus SMP appointment and a separate SMP resignation (AVP role) effective May 31, 2026.

5. Reappointments / Extensions (side notes)

Birla Corporation Limited (BIRLACORPN)

  • Extension: Shri Manoj Kumar Mehta — Company Secretary & Legal Head (KMP)
  • Extended term: Nov 01, 2026 to Oct 31, 2030 (4 years)

If you want, I can also provide a “change map” table (company × role × effective date) for faster scanning.