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Management Changes

Gland Pharma Independent Director Quits Over Conflict Risk

June 17, 2026 4 mins read Firehose Gupta

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

0. Critical Alerts (for-cause resignations)

No “for cause” resignations with governance/ethical/mismanagement-type reasons were found in the provided filings.


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

General Insurance Corporation of India (GICRE)

  • Change: Appointment (Executive Director → Chairman-cum-Managing Director)
  • Person: Shri Hitesh Rameshchandra Joshi
  • Role: Chairman-cum-Managing Director (CMD)
  • Effective Date: 16 June 2026 (assumption of charge)
  • Context: Central Government approval conveyed by Ministry of Finance; term until 30.09.2028 or earlier (whichever is earlier).

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

Dhampur Bio Organics Limited (DBOL)

  • Resignation: Mr. Sarabjit Saini — Unit Head, Meerganj (Vice President – Operations)
  • Effective Date: Close of business hours, 15 June 2026
  • Context: Resignation “due to some personal reasons” (as stated in filing).

Pakka Limited (PAKKA)

  • Resignation: Mrs. Neetika Suryawanshi — Chief Financial Officer (CFO) (KMP)
  • Effective Date: Close of business hours, 30 June 2026
  • Context: Resignation accepted by Mr. Ved Krishna (Managing Director); “Personal Reason” stated in annexure.

Share India Securities Limited (SHAREINDIA)

  • Resignation: Ms. Kesha Ankit Choksi — Compliance Officer (Prohibition of Insider Trading) (Senior Management Personnel)
  • Effective Date: 16 June 2026
  • Context: Resignation “due to her increased commitments towards other professional assignments.”

Schneider Electric Infrastructure Limited (SCHNEIDER)

  • Resignation: Mr. Chinmoy Das — Whole-Time Director
  • Effective Date: Close of business hours, 30 June 2026
  • Context: Resignation “due to personal reasons.”

3. Board / Director Changes

Archidply Industries Limited

  • Re-appointment: Mr. Pritam Singh — Non-Executive Independent Director (2nd term)
  • Effective Date: 18 June 2026
  • Term: 5 years (to 17 June 2031)
  • Context: Shareholders approved re-appointment.

Canara HSBC Life Insurance Company Limited (CANHLIFE)

  • Re-appointment: Mr Santanu Kumar Majumdar — Non-executive director (retiring by rotation)
  • Re-appointment: Mr Amitabh Nevatia — Non-executive director (retiring by rotation)
  • Effective Date: Board recommendation on 16 June 2026; subject to member approval at AGM
  • Context: Re-appointment of directors liable to retire by rotation.

Capri Global Capital Limited (CGCL)

  • Re-appointment: Mr. Rajesh Sharma — Director (retires by rotation)
  • Re-appointment: Dr. Nupur Mukherjee — Independent Director (2nd term)
  • Re-appointment: Mr. Shishir Priyadarshi — Independent Director (2nd term)
  • Re-appointment (KMP): Mr. Sanjeev Srivastava — Chief Risk Officer (CRO) (see Section 2)
  • Effective Dates: Independent directors from 27 Jan 2027 (subject to shareholder approval); Rajesh Sharma subject to shareholder approval at AGM.

Dynamic Cables Limited (DYCL)

  • Appointment: Mr. Neeraj Bali — Additional Non-Executive Independent Director
  • Effective Date: 16 June 2026
  • Term: 5 years (subject to shareholder approval at 19th AGM)

Gland Pharma Limited (GLAND)

  • Resignation: Mr. Satyanarayana Murthy Chavali — Independent Director
  • Effective Date: Close of business hours, 15 June 2026
  • Stated Reason (tight summary): Potential conflict of interest due to a promoter/director company planning a business segment overlapping with Gland Pharma’s proposed entry.
  • Why this matters (1 line): Independent director stepped down citing potential future conflict-of-interest.

NIIT Limited (NIITLTD)

  • Re-appointment: Mr. Ravindra Babu Garikipati — Independent Director (2nd term)
  • Effective Date: 11 Nov 2026 (commencing); subject to shareholder approval
  • Context: Board approved re-appointment based on Nomination & Remuneration Committee recommendation.

String Metaverse Limited (META) (formerly Bio Green Papers Limited)

  • Resignation: Mr. Rohit Reddy Samala — Non-Executive Non-Independent Director
  • Effective Date: 16 June 2026
  • Context: Resignation “due to his professional obligations.”

Simplex Papers Limited (533019)

  • Appointment: Shri Shrikrushna N. Pawar — Additional Independent Director
  • Effective Date: 16 June 2026
  • Context: Appointment subject to shareholder approval at ensuing AGM.

  • Re-designation: Smt. Fatima Fernandes — from Non-Executive Independent Director to Non-Executive Director

  • Effective Date: 16 June 2026
  • Context: Board withdrew earlier approval for her independent director appointment (approved earlier on 19 May 2026) and confirmed she continues as Non-Executive Director.

Simplex Mills Company Limited (533018)

  • Appointment: Shri Shrikrushna N. Pawar — Additional Independent Director
  • Effective Date: 16 June 2026
  • Context: Appointment subject to shareholder approval at ensuing AGM.

Bluegod Entertainment Limited (BLUEGOD) (formerly Indra Industries Limited)

  • Appointment: Ms. Ritu Tiwari — Additional Non-Executive Independent Director
  • Effective Date: 16 June 2026
  • Context: First term of 5 years; subject to shareholder approval.

  • Appointment: Mr. Raman Raheja — Additional Non-Executive Non-Independent Director

  • Effective Date: 16 June 2026
  • Context: First term of 5 years; subject to shareholder approval.

4. Notable Company-Specific Situations

Capri Global Capital Limited (CGCL)

  • Clustered board/KMP renewals: Multiple director re-appointments (one director + two independent directors) approved on the same date, alongside re-appointment of CRO (Mr. Sanjeev Srivastava) effective from 31 Oct 2026.

Gland Pharma Limited (GLAND)

  • Independent director exit with governance rationale: Independent director resignation explicitly cites potential conflict of interest related to overlapping business plans.

5. Reappointments / Extensions (side notes)

NIIT Limited (NIITLTD)

  • Independent Director re-appointment: Mr. Ravindra Babu Garikipati for second term (5 years) from 11 Nov 2026 (subject to shareholders).

Capri Global Capital Limited (CGCL)

  • Independent Director re-appointments: Dr. Nupur Mukherjee and Mr. Shishir Priyadarshi for second terms (from 27 Jan 2027; subject to shareholders).
  • CRO re-appointment: Mr. Sanjeev Srivastava as CRO for 3 years from 31 Oct 2026.

Archidply Industries Limited

  • Independent Director re-appointment: Mr. Pritam Singh for second term (5 years) from 18 June 2026.

Canara HSBC Life Insurance Company Limited (CANHLIFE)

  • Re-appointments (retiring by rotation): Mr Santanu Kumar Majumdar and Mr Amitabh Nevatia (subject to AGM approval).