Daily Management Changes Report (BSE filings – last 24 hours)
0. Critical Alerts (Highest Priority)
(No “for cause” resignations explicitly cited in the provided filings.)
1. Key Leadership Changes (CEO/CFO/COO/Chairman/MD only)
STL Networks Limited (STLNETWORK)
- Change: Resignation (Whole Time Director / CEO)
- Person: Mr. Pankaj Malik (DIN: 10949402)
- Role: Whole Time Director; Chief Executive Officer (CEO)
- Effective Date: Close of business hours on June 10, 2026 (WTD); CEO cessation noted as close of business hours on Sept 10, 2026
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Context: Board “noted the resignation” (transition period of 3 months for WTD responsibilities).
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Change: Appointment (Interim CEO / WTD)
- Person: Mr. Chandrasekhara Rao Battula
- Role: Additional Director; Interim Chief Executive Officer designated as Whole Time Director (KMP)
- Effective Date: From date of allotment of DIN (term 1 year)
- Context: Board approved based on Nomination & Remuneration Committee recommendation; subject to member approval.
SML Mahindra Limited (SMLMAH)
- Change: Cessation / transition out (Executive Director & CEO)
- Person: Dr. Venkataraman Srinivas (DIN: 11163042)
- Role: Executive Director & Chief Executive Officer (CEO)
- Effective Date: Close of June 30, 2026
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Context: “Transition to a new role within the Mahindra Group.”
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Change: Interim responsibility allocation
- Person: Mr. Vinod Kumar Sahay (DIN: 07884268)
- Role: Executive Chairman (additional responsibilities)
- Effective Date: From July 1, 2026 till new CEO is appointed
- Context: Board approved additional responsibilities.
Blue Cloud Softech Solutions Limited (BLUECLOUDS)
- Change: Resignation (CFO)
- Person: Mr. Venkata Seshavataram Varada
- Role: Chief Financial Officer (CFO) & KMP
- Effective Date: Close of business hours on June 9, 2026
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Context: Resigned due to “preoccupation and other personal commitments” (no other material reasons).
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Change: Appointment (CFO)
- Person: Mr. Rama Rao Telli
- Role: Chief Financial Officer (CFO) & KMP
- Effective Date: June 10, 2026
- Context: Board approved appointment.
Esaar (India) Ltd (531502)
- Change: Appointment (CFO)
- Person: Mr. Dipesh B. Mistri
- Role: Chief Financial Officer (CFO) & KMP
- Effective Date: June 10, 2026
- Context: Board approved appointment.
AD-Manum Finance Limited (511359)
- Change: Appointment (CFO)
- Person: Mr. Manish Chandan
- Role: Chief Financial Officer (CFO) & KMP
- Effective Date: June 10, 2026
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Context: Board approved appointment.
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Change: Appointment (Chairman)
- Person: Mr. Pramod Kishore Shrivastava (DIN: 01023565)
- Role: Additional Director & Chairman (Non-Executive)
- Effective Date: June 10, 2026 (subject to member approval within 3 months)
- Context: Board approved appointment.
SPICE ISLANDS INDUSTRIES LIMITED (526827)
- Change: Appointment (Chairman)
- Person: Dr. Huzaifa Habil Khorakiwala (DIN: 02191870)
- Role: Additional Director (Non-Executive) & Non-Executive Chairman
- Effective Date: June 10, 2026 (subject to shareholder approval)
- Context: Circular resolution approval.
V-Mart Retail Limited (VMART)
- Change: Resignation (COO)
- Person: Mr. Vineet Jain
- Role: Chief Operating Officer (COO) (SMP)
- Effective Date: Close of business hours on July 15, 2026
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Context: Resignation “to pursue new opportunity” (stated as sole reason; no other material reasons).
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Change: Succession / designation
- Person: Mr. Anand Agarwal
- Role: CFO (existing) designated as new COO in addition
- Effective Date: From July 15, 2026 (implied by resignation effective date)
- Context: Succession planning; additional designation.
Tata Capital Limited (TATACAP)
- Change: Resignation (CRO – not included in Key Leadership list)
- (CRO is not in the allowed core roles list; excluded from this section.)
M.M. Rubber Company Limited (509196)
- Change: Appointment (CFO)
- Person: Mrs. Poornima M
- Role: Chief Financial Officer (CFO) & KMP
- Effective Date: June 11, 2026
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Context: Board appointment.
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Change: Resignation (CFO)
- Person: Mr. M. M. Kushalappa
- Role: Chief Financial Officer (CFO) & KMP
- Effective Date: Close of business hours on June 10, 2026
- Context: “Personal commitments.”
2. Executive Management Changes (senior executives below CEO/CFO/COO)
Tata Capital Limited (TATACAP)
- Resignation: Mr. Nitin Dharma — Chief Risk Officer (CRO) (Senior Management Personnel)
- Effective Date: Close of business hours on June 30, 2026 (resignation from services effective Sept 7, 2026; CRO cessation June 30)
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Context: Resigned “to pursue other personal and professional interests.”
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Appointment: Mr. Kamal Bhatia — CRO
- Effective Date: July 1, 2026 (term 2 years)
- Context: Board approved based on committee recommendations.
Divgi TorqTransfer Systems Limited (DIVGIITTS)
- Appointment: Mr. Kishor Hole — Chief Information Officer (CIO) (SMP)
- Effective Date: June 10, 2026
- Context: Appointed as CIO; reports to MD.
Loyal Textile Mills Limited (LOYALTEX)
- Resignation: Mr. N. Srinivasan — CEO (KMP)
- Effective Date: Close of business hours on June 30, 2026
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Context: Resigned “due to personal reasons.”
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Succession / entrustment of management: Mr. M.E. Manivannan — Executive Director & KMP
- Effective Date: Board entrusted overall management upon resignation note (relief June 30)
- Context: Board entrusted overall management and operations.
Marathon Nextgen Realty Limited (MARATHON)
- Resignation: Mr. Deepak Ramkrishna — Assistant General Manager (Marketing) (SMP)
- Effective Date: Close of business hours on June 12, 2026
- Context: Resigned to “pursue new challenges and opportunities.”
Patels Airtemp (India) Limited (PATELSAI I)
- Resignation: Mr. Jasmin R. Raval — Senior Manager (Design) (SMP)
- Effective Date: Close of business hours on June 10, 2026
- Context: Resignation due to personal reasons.
DUROPLY INDUSTRIES LIMITED (516003)
- Resignation: Mr. Vijay Kumar Yadav — CFO (KMP)
- Effective Date: Close of business hours on June 10, 2026
- Context: Resignation due to personal reason.
Marathon Nextgen Realty Limited (MARATHON)
- (Already covered above; no additional executive changes in provided text.)
3. Board / Director Changes (Independent / Non-Executive / Additional directors)
STL Networks Limited (STLNETWORK)
- Appointment: Mr. Chandrasekhara Rao Battula — Additional Director
- Effective Date: From date of allotment of DIN
- Context: Also appointed Interim CEO/WTD.
SPICE ISLANDS INDUSTRIES LIMITED (526827)
- Appointment: Dr. Huzaifa Habil Khorakiwala — Additional Director (Non-Executive) & Non-Executive Chairman
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Effective Date: June 10, 2026 (subject to shareholder approval)
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Appointment: Mr. Nikhil Saran Mathur — Additional Director (Non-Executive)
- Effective Date: June 10, 2026 (subject to shareholder approval)
Avadh Sugar & Energy Limited (AVADHSUGAR / 540649)
- Appointment: Mr. Rahul Chhabra — Additional Director (Independent)
- Effective Date: June 15, 2026
- Term: 5 years (till June 14, 2031); not liable to retire by rotation
- Context: Board approved based on Nomination & Remuneration Committee recommendation.
Faze Three Limited (FAZE3Q / 530079)
- Resignation: Mr. Manan Shah — Independent Director
- Effective Date: June 10, 2026
- Context: Resigned due to personal reasons.
ABIRAMI FINANCIAL SERVICES (INDIA) LIMITED
- Regularisation (appointment already made): Mr. Santhosh Veerappan — Non-Executive Independent Director
- Effective Date: With effect from April 27, 2026 for 5 years
- Context: Regularised via Postal Ballot resolution dated June 9, 2026.
4. Notable Company-Specific Situations
STL Networks Limited (STLNETWORK)
- Clustered leadership transition: Same board meeting records resignation of Whole Time Director/CEO (Pankaj Malik) and appointment of Interim CEO/WTD (Chandrasekhara Rao Battula), plus committee reconstitutions effective with DIN allotment.
SML Mahindra Limited (SMLMAH)
- CEO exit + interim coverage: CEO/ED cessation effective June 30, 2026, with Executive Chairman taking additional responsibilities from July 1, 2026 until new CEO appointment.
Blue Cloud Softech Solutions Limited (BLUECLOUDS)
- CFO changeover within days: CFO resignation effective June 9, 2026 followed by CFO appointment effective June 10, 2026.
5. Reappointments / Extensions (Side Notes)
- None explicitly stated for CEO/CFO/COO/Chairman/MD in the provided filings (only appointments/cessations/regularisations).