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Management Changes

CFO appointments and chairman exits across four firms

June 4, 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 identified in the provided filings. (All resignations cited personal/professional reasons or restructuring/health, without governance/ethics/mismanagement allegations.)


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

Artificial Electronics Intelligent Material Limited (AEIM)

  • Change: Appointment (CFO)
  • Person: Mr. Girija Sankar Tripathy
  • Role: Chief Financial Officer (CFO)
  • Effective Date: 03 June 2026
  • Context: Board approved appointment; company also noted CFO resignation by Mr. Muthusamy Palanisamy effective 03 June 2026.

Ishaan Infrastructures and Shelters Limited (IISL)

  • Change: Appointment (CFO)
  • Person: Mr. Anand Kumar Jain
  • Role: Chief Financial Officer (CFO)
  • Effective Date: 03 June 2026
  • Context: Board appointment based on recommendations of Nomination & Remuneration Committee and Audit Committee.

HMA Agro Industries Limited (HMAAGRO)

  • Change: Resignation (MD)
  • Person: Mohammad Mehmood Qureshi
  • Role: Managing Director (MD)
  • Effective Date: Close of business hours, 02 June 2026
  • Context: Resignation due to “personal reasons and other professional commitments” (as stated).

Niva Bupa Health Insurance Company Limited (NIVABUPA)

  • Change: Resignation (Chairman)
  • Person: Mr. Milind Gajanan Barve
  • Role: Chairman of the Board (also Independent Director)
  • Effective Date: Close of business hours, 02 June 2026
  • Context: Resignation due to “persistent health issues”; consequent stepping down as Chairman.

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

Mindteck (India) Limited (517344)

  • Appointment: Mr. Keshav Prasad as Senior Vice President – Sales
  • Effective Date: 04 June 2026 (appointed on 03 June 2026; effective from 04 June 2026)

Fractal Analytics Limited (FRACTAL)

  • Appointment: Mr. Leandro DalleMule as Chief Practice Officer – Financial Services and Insurance (FSI)
  • Effective Date: 03 June 2026
  • Context: FSI Practice previously overseen in interim by Mr. Natwar Mall; post-appointment, Mr. Mall continues as Chief Transformation Officer.

PNB Housing Finance Limited (PNBHOUSING)

  • Appointment: Mr. Rahul Jain as Chief Strategy Officer
  • Effective Date: 03 June 2026

CESC Limited (CESC)

  • Appointment: Mr. Rajeev Chowdhury as Head – Regulatory Affairs
  • Effective Date: 03 June 2026

Alembic Pharmaceuticals Limited (APLLTD)

  • Appointment: Mr. Tushar Mehta as Head – R&D (API)
  • Effective Date: 03 June 2026

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

Intense Technologies Limited (INTENTECH)

  • Resignation: Mr. Tikam Sujan
  • Role: Non-Executive Non-Independent Director
  • Effective Date: Close of business hours, 03 June 2026
  • Context: “personal and unavoidable reasons”

NLC India Limited (NLCINDIA)

  • Appointment: Shri Anil Meshram
  • Role: Part-time Official Director
  • Effective Date: 03 June 2026 (until further orders)
  • Context: Appointed by Ministry of Coal in place of outgoing Government nominee director.
  • Resignation/cessation (implied): Shri Mangat Ram Sharma
  • Role: Government Nominee Director
  • Effective Date: 03 June 2026

Niva Bupa Health Insurance Company Limited (NIVABUPA)

  • Resignation: Mr. Milind Gajanan Barve
  • Role: Non-Executive Independent Director
  • Effective Date: Close of business hours, 02 June 2026
  • Context: “persistent health issues”
  • Appointment: Mr. Ashwani Bhatia
  • Role: Additional Director (Non-Executive Independent Director)
  • Effective Date: 03 June 2026 (subject to shareholder approval; 5-year term)
  • Context: Board approved via circulation; also approved as Chairperson subject to IRDAI approval.

Odyssey Technologies Limited (530175)

  • Re-appointment: Mr. Ravi Srinivasan
  • Role: Independent Director (second term)
  • Effective Date: 01 November 2026 to 31 October 2031
  • Context: Re-appointed for a second term of five years (shareholders’ approval referenced).

Purple Agrotech Industries Limited (540159)

  • Appointment: Mrs. Lata Gaurav Kimtani
  • Role: Additional Non-Executive Independent Director
  • Effective Date: 03 June 2026 (subject to shareholder approval; 5-year term)
  • Context: Board appointment on recommendation of Nomination & Remuneration Committee.
  • Resignation: Mrs. Jalpaben Nirav Joshi
  • Role: Independent Director
  • Effective Date: Close of business hours, 03 June 2026
  • Context: “pre occupation”

Shrydus Industries Limited (SHRYDUS)

  • Appointment: Mr. Abdulaziz Fakirmamad Luhar
  • Role: Additional Director (Non-Executive Non-Independent)
  • Effective Date: 03 June 2026 (subject to shareholder approval)
  • Context: Board approved appointment.

Share India Securities Limited (SHAREINDIA)

  • Resignation: Mr. Subhash Chander Kalia
  • Role: Non-Executive Independent Director
  • Effective Date: 02 June 2026
  • Context: Resignation reasons stated in resignation email (no “for cause” allegations quoted in filing).

Innovision Limited (INNOVISION)

  • Resignation: Mr. Gurpal Singh
  • Role: Whole Time Director
  • Effective Date: Close of business hours, 03 June 2026
  • Context: “other professional commitments and personal reasons”

Steel Strips Wheels Limited (SSWL)

  • Resignation: Sh. Mohan Joshi
  • Role: Deputy Managing Director (Executive Director)
  • Effective Date: Close of business hours, 03 June 2026
  • Context: Personal health/family-related reasons (as stated); also noted cessation from multiple board committees and KM P roles.

Innovision Limited (INNOVISION)

  • Resignation: Mr. Gurpal Singh (Whole Time Director)
  • Effective Date: Close of business hours, 03 June 2026
  • Context: “other professional commitments and personal reasons”

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

HMA Agro Industries Limited (HMAAGRO)

  • Simultaneous top-leadership exits: MD resignation (Mohammad Mehmood Qureshi) and retirement/cessation of Whole Time Director & CEO (Gulzeb Ahmed) both effective close of business hours, 02 June 2026.

Niva Bupa Health Insurance Company Limited (NIVABUPA)

  • Chairman + Independent Director exit followed by immediate board refresh: resignation of Independent Director/Chairman (Milind Barve) effective 02 June 2026, and appointment of new Independent Director/Chairperson (Ashwani Bhatia) approved 03 June 2026 (subject to approvals).

Innovision Limited (INNOVISION)

  • Single WTD resignation effective 03 June 2026 (no additional concurrent leadership changes in the provided documents).

5. Reappointments / Extensions (side notes)

Odyssey Technologies Limited (530175)

  • Re-appointment: Mr. Ravi Srinivasan as Independent Director for second term from 01 Nov 2026 to 31 Oct 2031.

If you want, I can also provide a one-line “change count” summary by company (appointments vs resignations) while keeping the same strict role filters.