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Management Changes

Multiple Independent Director Changes at Oswal Agro Mills

June 12, 2026 5 mins read Firehose Gupta

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

0. Critical Alerts (for-cause / governance-ethics signals)

No filings in the provided set explicitly cite “for cause” resignation reasons such as governance/ethical/management-misconduct concerns, lack of access to information, or similar allegations.


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

Electrosteel Castings Limited (ELECTCAST / 500128)

  • Change: Resignation (Whole-Time Director & CFO)
  • Person: Ashutosh Agarwal (DIN: 00115092)
  • Role: Whole-Time Director & CFO
  • Effective Date: Resignation to serve up to close of business hours on 10 Aug 2026
  • Context:due to personal reasons” (also confirmed “no other reason… other than those stated”)

Alstone Textiles (India) Limited (539277)

  • Change: Resignation (CFO from Board)
  • Person: Deepak Verma (PAN: AEEPV1481N)
  • Role: Chief Financial Officer (CFO)
  • Effective Date: w.e.f. 10 Jun 2026 (resigned from Board)
  • Context:on account of personal reasons and unavoidable reason”; confirmation that no other material reason

Kalyani Forge Limited (KALYANIFRG / 513509)

  • Change: Resignation (CFO – KMP)
  • Person: Jagdish Baheti
  • Role: Chief Financial Officer (Key Managerial Personnel)
  • Effective Date: close of business hours on 30 Apr 2026
  • Context:due to personal reasons

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

CreditAccess Grameen Limited (CREDITACC / 541770)

  • Appointment: Ms. Devika Praveen as Chief Compliance Officer
  • Effective Date: w.e.f. 11 Jun 2026

Shringar House of Mangalsutra Limited (SHRINGARMS / 544512)

  • Resignation: Mr. Jay Satikuvar, Head – Production (Senior Management Personnel)
  • Effective Date: close of business hours on 11 Jun 2026
  • Context:due to personal reasons

Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT)

  • Appointment: Mr. Rajib Bhattacharjee as President – Transformation (Senior Management Personnel)
  • Effective Date: 11 Jun 2026

Mercury Laboratories Limited (538964)

  • Appointment: Mr. Binaya Kumar Panigrahi as Plant Head (Jarod Unit)
  • Effective Date: 11 Jun 2026

Britannia Industries Limited (BRITANNIA / 500825)

  • Resignation: Mr. Manjunath Desai, Vice President – Consumer Insight, Media and Competitive Intelligence
  • Effective Date: to be relieved close of business hours on 3 Jul 2026
  • Context:to pursue an external opportunity

NITCO Limited (NITCO / 532722)

  • Resignation: Mrs. Rupali Swami Kambli, Company Secretary & Compliance Officer (KMP; also ceases as Senior Management Personnel)
  • Effective Date: close of business hours on 11 Jun 2026
  • Context:to pursue new opportunities for professional growth

Shringar House of Mangalsutra Limited (SHRINGARMS / 544512)

  • (Already covered above under executive resignation)

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

Oswal Agro Mills Limited (OSWALAGRO / 500317)

  • Appointment: Mr. Vimal Bhatnagar (DIN: 11089200) as Additional Non-Executive Independent Director
  • Effective Date: 11 Jun 2026 (term 1 year, subject to shareholder approval)
  • Appointment: Ms. Prerna Singh (DIN: 10153909) as Additional Non-Executive Independent Director
  • Effective Date: 11 Jun 2026 (term 1 year, subject to shareholder approval)
  • Appointment: Mr. Babu Ram Somani (DIN: 09517274) as Additional Non-Executive Independent Director
  • Effective Date: 11 Jun 2026 (term 1 year, subject to shareholder approval)
  • Resignation: Mr. Swapneel Vinod Patel (DIN: 09444199), Non-Executive Independent Director
  • Effective Date: close of business hours on 11 Jun 2026
  • Context:due to his pre-occupation and other commitments
  • Resignation: Mr. Gulshan Vohra (DIN: 08658452), Non-Executive Independent Director
  • Effective Date: close of business hours on 11 Jun 2026
  • Context:due to personal reasons and commitments
  • Resignation: Mrs. Larly Nitin Bahl (DIN: 08495259), Non-Executive Independent Director
  • Effective Date: close of business hours on 11 Jun 2026
  • Context:on account of some unavoidable personal circumstances

Oswal Greentech Limited (OSWALGREEN / 539290)

  • Appointment: Mr. Vimal Bhatnagar (DIN: 11089200) as Additional Non-Executive Independent Director
  • Effective Date: 11 Jun 2026 (term 1 year, subject to shareholder approval)
  • Appointment: Ms. Prerna Singh (DIN: 10153909) as Additional Non-Executive Independent Director
  • Effective Date: 11 Jun 2026 (term 1 year, subject to shareholder approval)
  • Appointment: Mr. Babu Ram Somani (DIN: 09517274) as Additional Non-Executive Independent Director
  • Effective Date: 11 Jun 2026 (term 1 year, subject to shareholder approval)
  • Resignation: Mrs. Kiran Vohra (DIN: 05251615), Non-Executive Independent Director
  • Effective Date: close of business hours on 11 Jun 2026
  • Context:on account of some unavoidable personal circumstances
  • Resignation: Mrs. Isha Deepak Shah (DIN: 11219718), Non-Executive Independent Director
  • Effective Date: close of business hours on 11 Jun 2026
  • Context:due to pre-occupation and other commitments
  • Resignation: Mr. Gaurav Chawla (DIN: 06894334), Non-Executive Independent Director
  • Effective Date: close of business hours on 11 Jun 2026
  • Context:on account of some unavoidable personal circumstances
  • Resignation: Mr. Umang Shah (DIN: 11263043), Non-Executive Independent Director
  • Effective Date: close of business hours on 11 Jun 2026
  • Context:due to pre-occupation

SJVN Limited (SJVN-EQ / 533206)

  • Appointment: Shri Rajesh Kumar Chandel as Whole-time Director (Projects)
  • Effective Date: assumed charge on 11 Jun 2026
  • Context: appointed by Ministry of Power order; term 5 years (from assumption of charge / until further orders)

State Bank of India (SBIN / 500112)

  • Appointment (Govt nomination): Shri Sanjay Lohiya as Director (Central Board)
  • Effective Date: immediate effect from 11 Jun 2026
  • Context: nominated “vice Shri Nagaraju Maddirala” (as per Govt notification)

STL Networks Limited (STLNETWORK / 544395 etc.)

  • Appointment: Mr. Chandrasekhara Rao Battula (DIN: 11763871) as Additional Director & Interim CEO designated as Whole Time Director (and KMP)
  • Effective Date: 11 Jun 2026
  • Context: appointment for 1 year

Cressanda Railway Solutions Limited (CRSL / 512379)

  • Appointment: Mr. Kapil Gautam (DIN: 10808581) as Non-Executive Director
  • Effective Date: 19 May 2026 (committee memberships effective 11 Jun 2026)
  • Resignation (taken on record): Mr. Satya Prakash (DIN: 08489173), Independent Director
  • Effective Date: 11 Jun 2026
  • Context:due to personal reason

Clean Science and Technology Limited (CLEAN / 543318)

  • Resignation: Mr. Sanjay Kothari (DIN: 00258316), Non-Executive Non-Independent Director
  • Effective Date: w.e.f. 10 Jun 2026
  • Context:on account of his pre-occupation

Advanced Enzyme Technologies Limited (ADVENZYMES / 540025)

  • Cessation: Ms. Rajshree Patel (DIN: 08761022), Independent Director
  • Effective Date: end of business hours on 11 Jun 2026
  • Context:completion of her second consecutive term

Maximus International Limited (540401)

  • Appointment (previously approved; referenced for additional details): Mr. Aniruddh Gandhi (DIN: 07912519) as Additional Non-Executive Non-Independent Director
  • Effective Date: 18 Apr 2026 (subject to shareholder approval)

Electrosteel Castings Limited (ELECTCAST / 500128)

  • (Key leadership resignation covered above under CFO/WT Director)

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

Oswal Agro Mills Limited (OSWALAGRO / 500317)

  • Cluster: Three Independent Director resignations effective 11 Jun 2026 (Swapneel Patel, Gulshan Vohra, Larly Nitin Bahl) alongside three new Independent director appointments effective 11 Jun 2026 (subject to shareholder approval).

Oswal Greentech Limited (OSWALGREEN / 539290)

  • Cluster: Four Independent Director resignations effective 11 Jun 2026 (Kiran Vohra, Isha Deepak Shah, Gaurav Chawla, Umang Shah) alongside three new Independent director appointments effective 11 Jun 2026 (subject to shareholder approval).

5. Reappointments / Extensions (side notes)

No CEO/CFO/COO/Chairman/MD reappointments or extensions were explicitly stated in the provided filings (beyond term-based appointments/cessations of directors and KMP changes).