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Management Changes

Nazara re-designates Chairman and CEO; iStreet MD resigns

May 13, 2026 4 mins read Firehose Gupta

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

0. Critical Alerts (Resignations “for cause”)

No “for cause” resignations were found in the provided filings (i.e., no resignation reasons indicating governance/ethical/mismanagement concerns).


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

Nazara Technologies Limited (NAZARA)

  • Change: Designation change (re-designation of Chairman & Managing Director)
  • Person: Mr. Vikash Mittersain (DIN: 00156740)
  • Role: Chairman & Managing Director → Founding Chairman (Non-Executive, Non-Independent)
  • Effective Date: June 01, 2026
  • Context: Board approved re-designation; filing states it supports “founder stewardship” and continuity in non-executive capacity.

  • Change: Title change (CEO designation)

  • Person: Mr. Nitish Mittersain (DIN: 02347434)
  • Role: Joint Managing Director & CEO → Managing Director & CEO
  • Effective Date: June 01, 2026
  • Context: Consequent to the above re-designation of Mr. Vikash Mittersain.

Azad Engineering Limited (AZAD)

  • Change: Re-appointment
  • Person: Mr. Rakesh Chopdar (DIN: 01795599)
  • Role: Whole-Time Director, Executive Chairman & CEO
  • Effective Date: 13 September 2026 (term of 5 years; subject to shareholders’ approval)
  • Context: Re-appointment for a further term.

  • Change: Re-appointment

  • Person: Mrs. Jyoti Chopdar (DIN: 03132757)
  • Role: Whole-Time Director
  • Effective Date: 13 September 2026 (term of 5 years; subject to shareholders’ approval)
  • Context: Re-appointment for a further term.

  • Change: Re-appointment

  • Person: Mr. Vishnu Malpani (DIN: 10307319)
  • Role: Whole-Time Director
  • Effective Date: 13 September 2026 (term of 5 years; subject to shareholders’ approval)
  • Context: Re-appointment for a further term.

NR Agarwal Industries Limited (NRAIL)

  • Change: Re-appointment
  • Person: Shri P K Mundra (DIN: 10258728)
  • Role: Whole-Time Director designated as Executive Director & CFO
  • Effective Date: 03 August 2026 (term of 3 years; subject to shareholders’ approval)
  • Context: Re-appointment as Executive Director & CFO.

  • Change: Re-designation

  • Person: Shri Raunak Agarwal (DIN: 02173330)
  • Role: Whole-Time Director → Deputy Managing Director
  • Effective Date: 12 May 2026
  • Context: Re-designated in place of Executive Director & CEO.

  • Change: Re-designation

  • Person: Shri Rohan Agarwal (DIN: 08583011)
  • Role: Whole-Time Director → Deputy Managing Director
  • Effective Date: 12 May 2026
  • Context: Re-designated in place of Executive Director & CEO.

iStreet Network Limited (ISTREET)

  • Change: Resignation
  • Person: Mr. Rakesh Rathi
  • Role: Managing Director
  • Effective Date: Closing of business hours, 12 May 2026
  • Context: Resignation stated as “Due to Personal Reasons.”

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

Platinum Industries Limited (PLATIND)

  • Appointment: Mr. Milind Baburao Magar — Senior Management Personnel (Heads operations)
  • Effective Date: 12 May 2026
  • Appointment: Mr. Anand Sharad Pachigar — Senior Management Personnel (Business Director-Oleo)
  • Effective Date: 12 May 2026

Ventive Hospitality Limited (VENTIVE)

  • Appointment: Mr. Amit Sachdeva — Senior Management Personnel (Heads operations)
  • Effective Date: 12 May 2026
  • Appointment: Ms. Aishwarya VR — Senior Management Personnel (Investor relation)
  • Effective Date: 12 May 2026
  • Appointment: Mr. Percy P Muncherji — Senior Management Personnel (Head Design)
  • Effective Date: 1 July 2026

CMPDI (Central Mine Planning & Design Institute Ltd.) (CMPDI)

  • Change: Assumed charge (SMP/management change)
  • Person: Manoj Upadhyaya — Head of Department (Materials Management)
  • Effective Date: 12 May 2026 (Afternoon)
  • Change: Charge handed over
  • Person: H R Sonapuram → handed over HoD (MM) to Manoj Upadhyaya
  • Effective Date: 12 May 2026 (Afternoon)
  • Change: Assumed charge
  • Person: Ghanshyam S Gahlot — Regional Director (RD), RI-II, Dhanbad
  • Effective Date: 12 May 2026 (Afternoon)
  • Change: Charge handed over
  • Person: Uma Shankar Singh → handed over RD (RI-II, Dhanbad) to Ghanshyam S Gahlot
  • Effective Date: 12 May 2026 (Afternoon)

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

Ratnaveer Precision Engineering Limited (RATNAVEER)

  • Appointment: Mr. Kashyap Shah (DIN: 02167256) — Additional Independent Director
  • Effective Date: 12 May 2026
  • Term: 5 years (subject to shareholder approval via Special Resolution)

Adhbhut Infrastructure Limited (ADHBHUT)

  • Appointment: Mr. Vineet Kumar Ojha (DIN: 11708632) — Additional Independent Director (Non-Executive)
  • Effective Date: 12 May 2026
  • Term: 5 years (subject to shareholder approval within 3 months)

Hindustan Oil Exploration Company Limited (HOEC)

  • Appointment: Ms. Preeti Grover (DIN: 00128513) — Additional Director (Non-Executive Independent)
  • Effective Date: 12 May 2026
  • Term: 5 years (subject to shareholder approval)

Modern Engineering and Projects Limited (MEP)

  • Appointment: Abhijit Jayant Deshpande (DIN: 02926610) — Additional Independent Director
  • Effective Date: 12 May 2026
  • Context: Appointed on recommendation of Nomination & Remuneration Committee.

Subex Limited (SUBEXLTD)

  • Re-appointment: Mr. Rupinder Goel (DIN: 02693178) — Independent Director (2nd term)
  • Effective Date: 8 August 2026
  • Term: 3 years (up to 7 August 2029; subject to shareholder approval)

Nazara Technologies Limited (NAZARA)

  • Appointment: Mr. Mithun Padam Sacheti (DIN: 01683592) — Additional Director (Non-Executive Non-Independent)
  • Effective Date: 12 May 2026 (subject to member approval)
  • Appointment: Mr. Muraarie Rajan (DIN: 02756837) — Additional Director (Independent)
  • Effective Date: 12 May 2026 (term 5 years, subject to member approval)

Hester Biosciences Limited (HESTERBIO)

  • Resignation: Mr. Ravin Gandhi (DIN: 00438361) — Non-Executive Director
  • Effective Date: 12 May 2026
  • Stated reason: “ongoing professional and personal commitments” and inability to devote sufficient time.

Gandhar Oil Refinery (India) Limited (GANDHAR)

  • Resignation: Mrs. Deena Mehta (DIN: 00168992) — Non-Executive Independent Director
  • Effective Date: 12 May 2026 (immediate effect)
  • Stated reason: “pre occupation” (no other material reasons stated).

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

Platinum Industries Limited (PLATIND)

  • Clustered internal changes: Board approved re-constitution/removal of multiple Senior Managerial Personnel (SMP) effective 12 May 2026, alongside appointments of two SMPs (operations head and business director-oleo) on the same date.

Nazara Technologies Limited (NAZARA)

  • Simultaneous governance/leadership restructuring: Multiple board actions on the same day—two additional directors, re-designation of Founding Chairman, and CEO title change effective June 01, 2026.

5. Reappointments / Extensions (side notes; non-core roles)

(Only where explicitly stated in filings provided.)

Kalpataru Limited (KALPATARU)

  • Re-appointment: M/s. V. B. Prabhudesai & Co — Cost Auditors
  • Effective Date: 12 May 2026
  • Term: FY 2026-27

Subex Limited (SUBEXLTD)

  • Covered above under board changes: Independent Director re-appointment (2nd term).

Azad Engineering Limited (AZAD)

  • Covered above under key leadership: re-appointments of Whole-Time Directors/Executive Chairman & CEO.

If you want, I can also provide a separate “Auditor/Internal Auditor appointments” mini-table (these were frequent in the filings, but they’re outside your leadership/director scope).