Daily Management Change Report (BSE filings – last 24 hours)
Critical Alerts (for-cause resignations)
- None found in the provided filings where the resignation reason indicates governance/ethical/mismanagement concerns (e.g., “lack of access to information”, “ethical concerns”, “mismanagement”, “disagreements with management/board”, etc.).
1) Key Leadership Changes (CEO/CFO/COO/Chairman/MD only)
Abans Financial Services Limited (AFSL)
- Change: Resignation (CFO/Whole-Time Director)
- Person: Mr. Nirbhay Vassa
- Role: Whole-Time Director & Chief Financial Officer (CFO)
- Effective Date: Closure of business hours on May 15, 2026
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Context: Relieved via resignation letter dated April 13, 2026.
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Change: Appointment (CFO)
- Person: Mr. Raghunathan Mudaliar
- Role: Chief Financial Officer (Key Managerial Personnel)
- Effective Date: May 16, 2026
- Context: Board approved appointment based on committee recommendations.
GlobalSpace Technologies Limited (540654)
- Change: Appointment (CEO)
- Person: Ms. Tania Mazumdar
- Role: Chief Executive Officer (CEO) & KMP
- Effective Date: May 15, 2026
- Context: Board appointment for a 3-year term w.e.f. May 15, 2026.
Balrampur Chini Mills Limited (BALRAMCHIN)
- Change: Re-appointment (Chairman & MD)
- Person: Mr. Vivek Saraogi
- Role: Chairman & Managing Director
- Effective Date: April 1, 2027
- Context: Re-appointed for 5 years, subject to shareholder approval.
Krishna Institute of Medical Sciences Limited (KIMS)
- Change: Re-designation (Chairman/MD to Chairman & Whole-time Director)
- Person: Dr. Adwik Bollineni
- Role: Non-Executive & Non-Independent Director → Executive & Non-Independent Director
- Effective Date: May 15, 2026 (board approval date; “re-designation” approved at meeting held today)
- Context: Board approved re-designation.
GIC Housing Finance Limited (GICHFL)
- Change: Resignation (Senior KMP; not CEO/CFO/COO/Chairman/MD)
- (Not included here because it’s Group Head & Company Secretary, not one of the specified core roles.)
General Insurance Corporation of India (GICRE)
- Change: CFO change (CFO is a core role)
- Person: Mr. V. Balkrishna
- Role: Chief Financial Officer (CFO)
- Effective Date: Retirement under Voluntary Retirement Scheme (date of taking charge/cessation “from date of taking charge” to be intimated; board accepted resignation at meeting held May 15, 2026)
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Context: Resignation accepted due to retirement under VRS.
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Change: Appointment (CFO)
- Person: Mr. Rajesh Laheri
- Role: Chief Financial Officer (CFO)
- Effective Date: From date of taking charge (to be intimated in due course)
- Context: Appointed in place of Mr. V. Balkrishna.
2) Executive Management Changes (senior executives below CEO/CFO/COO)
Abans Financial Services Limited (AFSL)
- Appointment (SMP/Senior Management via internal re-organisation):
- Mr. Ritesh Chavan — appointed as Senior Management Personnel (effective May 15, 2026)
- Mr. Vinod Sagar — appointed as Senior Management Personnel (effective May 15, 2026)
- Context: Internal re-organisation; reporting structure changes (not due to resignation/termination).
GIC Housing Finance Limited (GICHFL)
- Resignation (Senior Management Personnel):
- Shri Darshit Sheth — Assistant Vice President & Chief Compliance Officer
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Effective Date: May 15, 2026 (relieved at close of business hours)
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Resignation (KMP; not core role):
- Smt. Nutan Singh — Group Head & Company Secretary & Compliance Officer
- Effective Date: June 01, 2026 (close of business hours)
Gokaldas Exports Limited (GOKEX)
- Appointment:
- Mr. Gokal Chittaranjan — President (International Business)
- Effective Date: May 13, 2026
- Resignation:
- Mr. Bhargava Huchurao — Chief Operating Officer (COO)
- Effective Date: End of June 2026
Krishna Institute of Medical Sciences Limited (KIMS)
- Appointments (SMP identified as Senior Management Personnel, effective immediately):
- Mr. Sachin Ashok Salvi — Chief Finance Officer
- Mrs. Nagajayanthi J.R — Company Secretary & Compliance Officer
- Mr. Bhaskar Reddy R.K — Chief Risk Officer & Chief Internal Audit
Excel Industries Limited (EXCELINDUS)
- Resignation (Senior Management):
- Mr. Kapil Kashiv — General Manager (Strategy)
- Last working day: June 8, 2026
- Reason: “personal reasons” (as stated)
Baid Finserv Limited (BAIDFIN)
- Appointment:
- Mr. Rahul Kumar Sharma — Chief Technology Officer (CTO) & Chief Information Officer (CIO)
- Effective Date: May 15, 2026
Swelect Energy Systems Limited (SWELECTES)
- Early retirement (SMP):
- Mr. V. Venkatesh — Vice President (Operations & Special Projects)
- Effective Date: May 15, 2026
- Reason: “personal commitments”
Systematix Corporate Services Limited (SYSTMTXC)
- Appointment (MD/CEO-IB; not necessarily board MD):
- Mr. Ratnadeep Acharyya — Managing Director & CEO – IB (designated as Senior Management Personnel)
- Effective Date: May 15, 2026
GIC Housing Finance Limited (GICHFL) / Emkay Global Financial Services Limited (EMKAY)
- Emkay Global Financial Services Limited (EMKAY):
- Cessation: Mr. Bhalchandra Madhav Raul — Company Secretary & Compliance Officer (superannuation)
- Effective Date: close of office hours May 15, 2026
- Appointment: Mr. Nishant S. Shirke — Company Secretary & Compliance Officer
- Effective Date: May 16, 2026
ISF Limited (ISFL)
- Appointment:
- Ms. Puja Arora Mehrotra — Company Secretary & Compliance Officer
- Effective Date: June 11, 2026
- Resignation:
- Ms. Anjali Raj — Company Secretary & Compliance Officer
- Effective Date: close of working hours June 10, 2026 (personal reasons)
GIC Housing Finance Limited (GICHFL) / Autoline Industries Limited (AUTOIND)
- Autoline Industries Limited (AUTOIND):
- Resignation noted: Non-Executive Nominee Director (not included in SMP section)
3) Board / Director Changes (Independent/NED/Additional directors)
Abans Financial Services Limited (AFSL)
- Appointment: Mr. Karan Heda — Additional Director (Non-Executive), liable to retire by rotation
- Effective Date: May 15, 2026
Lynx Machinery and Commercials Limited (LYNXMACH)
- Appointment: Ms. Arti Jain — Additional Director (Independent)
- Effective Date: May 15, 2026
PDS Limited (PDSL)
- Re-appointment: Mr. Robert Sinclair — Independent Director (2nd term)
- Term: Nov 9, 2026 to Nov 8, 2028 (subject to shareholder approval)
- Re-appointment: Mr. Nishant Parikh — Independent Director (2nd term)
- Term: Dec 8, 2026 to Dec 7, 2028 (subject to shareholder approval)
Autoline Industries Limited (AUTOIND)
- Resignation: Mr. Siddarth Somnath Razdan — Non-Executive Nominee Director
- Effective Date: close of business hours May 15, 2026
- Reason (stated): “withdrawal of Nomination by Indianivesh Renaissance Fund in terms of the Investment Agreement”
Krishna Institute of Medical Sciences Limited (KIMS)
- Re-designation (board-level): Mr. Adwik Bollineni — Non-Executive & Non-Independent Director → Executive & Non-Independent Director
- Effective Date: May 15, 2026 (board approval date)
4) Notable Company-Specific Situations (within-company clustering)
Abans Financial Services Limited (AFSL)
- CFO transition + internal re-organisation in same board outcome:
- Mr. Nirbhay Vassa relieved (CFO/WT Director) effective May 15, 2026
- Mr. Raghunathan Mudaliar appointed CFO effective May 16, 2026
- Additional SMP appointments and reporting-structure changes approved in the same meeting.
GIC Housing Finance Limited (GICHFL)
- Multiple compliance/secretarial exits in short window:
- Darshit Sheth (Chief Compliance Officer) resigned effective May 15, 2026
- Nutan Singh (Group Head & Company Secretary & Compliance Officer) resigned effective June 01, 2026
5) Reappointments / Extensions (side notes)
Balrampur Chini Mills Limited (BALRAMCHIN)
- Re-appointment: Mr. Vivek Saraogi as Chairman & MD for 5 years from April 1, 2027 (shareholder approval required)
- Re-appointment: Ms. Avantika Saraogi as Executive Director (Whole-time) for 5 years from January 1, 2027 (shareholder approval required)
IRIS RegTech Solutions Limited (IRIS)
- Re-appointment (Whole-time Directors):
- Mr. Balachandran Krishnan — Whole Time Director (effective May 1, 2027, 5 years; shareholder approval required)
- Ms. Deepta Rangarajan — Whole Time Director (effective May 1, 2027, 5 years; shareholder approval required)
GlobalSpace Technologies Limited (540654)
- Re-appointment: Internal Auditor (MMCO) for FY 2026–27 (May 15, 2026)
Autoline Industries Limited (AUTOIND)
- Re-appointment: Internal Auditor (P G Bhagwat LLP) for FY 2026–27 (board approval May 15, 2026)
If you want, I can also provide a one-page tabular view (Company | Core-role change | Effective date | Successor) for faster internal review.