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Management Changes

CFO shakeups: Senthil Gurukkal exits, Vidya Shankar appointed

June 19, 2026 6 mins read Firehose Gupta

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

0. Critical Alerts (for-cause resignations)

No “for cause” resignations were found in the provided filings.


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

Quick Heal Technologies Limited (QUICKHEAL)

  • Change: Appointment
  • Person: Mr. Harish Kumar GS
  • Role: Chief Executive Officer (CEO) & Key Managerial Personnel
  • Effective Date: June 18, 2026
  • Context: Board approved appointment (per recommendation of Nomination & Remuneration Committee).

Saint-Gobain Sekurit India Limited (515043)

  • Change: Resignation (CFO) / Appointment (CFO)
  • Person (Resignation): Mr. Senthil Nathan Seetharama Gurukkal
  • Role: Chief Financial Officer (CFO) & KMP
  • Effective Date: Close of business hours, August 7, 2026
  • Context: Resignation accepted by Board.
  • Person (Appointment): Ms. Vidya Shankar
  • Role: Chief Financial Officer (CFO) & KMP
  • Effective Date: August 10, 2026
  • Context: Board approved appointment (recommendations of Nomination & Remuneration Committee and Audit Committee).

H.G. Infra Engineering Limited (HGINFRA)

  • Change: Appointment (CFO) / Resignation (CFO)
  • Person (Appointment): Mr. Vikas Jain
  • Role: Chief Financial Officer (CFO) & KMP
  • Effective Date: June 18, 2026
  • Context: Assumed charge as CFO/KMP.
  • Person (Resignation): Mr. Rajeev Mishra
  • Role: Chief Financial Officer (CFO) & KMP
  • Effective Date: Close of business hours, June 17, 2026
  • Context: Resigned CFO/KMP role; moved to Head – Investor Relations & Corporate Affairs.

General Insurance Corporation of India (GICRE)

  • Change: Appointment (CFO) / Resignation (CFO)
  • Person (Appointment): Mr. Rajesh Laheri
  • Role: Chief Financial Officer (CFO) & KMP
  • Effective Date: June 18, 2026
  • Context: Took charge as CFO/KMP.
  • Person (Cessation): Mr. V. Balkrishna
  • Role: Chief Financial Officer (CFO) & KMP
  • Effective Date: June 18, 2026
  • Context: Ceased to be CFO/KMP; continues as General Manager (Senior Management).

Allied Blenders and Distillers Limited (ABDL) (544203)

  • Change: Appointment (CRO) / Resignation (CRO)
  • Person (Appointment): Mr. Monish Bhasin
  • Role: Chief Revenue Officer (CRO) & KMP
  • Effective Date: July 1, 2026
  • Context: Board approved appointment (KMP & SMP).
  • Person (Resignation): Mr. Manoj Kumar Rai
  • Role: Chief Revenue Officer (CRO) & KMP
  • Effective Date: Close of business hours, June 30, 2026
  • Context: Resignation tendered.

Allied Digital Services Limited (ADSL) (532875)

  • Change: Appointment / Re-designation (core roles not affected as CEO/CFO/COO/Chairman/MD)
  • Note: No CEO/CFO/COO/Chairman/MD changes were explicitly reported in the provided text for these core roles. (However, see “Executive Management Changes” for Joint MD elevation.)

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

Bharti Airtel Limited (BHARTIARTU AIRTELPP)

  • Resignation: Mr. Siddharth Sharma
  • Role: CEO – Connected Homes & Director of Marketing (Senior Management Personnel)
  • Effective Date: Close of business hours, July 19, 2026
  • Context: Resigned to pursue a new professional opportunity outside the organization in Singtel group.

Everest Industries Limited (EVERESTIND)

  • Appointment: Mr. Nachiket Badnore
  • Role: Vice President & BU Head – ESBS (Senior Management)
  • Effective Date: June 18, 2026
  • Context: Appointed as part of senior management team.

Arkade Developers Limited (ARKADE) (544261)

  • Appointment: Mr. Sanoj Sivadasan Pacha
  • Role: Vice President – Sales; designated as Senior Management Personnel
  • Effective Date: June 18, 2026
  • Context: Designation as SMP.

Aeroflex Industries Limited (AEROFLEX) (543972)

  • Appointments (SMP promotions):
  • Mr. Shah Alam — Promoted as General Manager – R & D – Engineering and Design (June 18, 2026)
  • Mr. Anshul Gupta — Promoted as Vice President – Export Sales (June 18, 2026)
  • Mr. Narender Bhakhri — Promoted as General Manager Procurement & Supply Chain (June 18, 2026)
  • Mr. Akshay Sadashiv Parab — Promoted as Sr Manager – Sales and Marketing – Domestic (June 18, 2026)
  • Mr. Prem Prakash Sharma — Promoted as General Manager – Bellows (June 18, 2026)
  • Context: Promotions/role upgrades; no resignations mentioned for SMPs.

Hindalco Industries Limited (HINDALCO) (500440)

  • Cessation (SMP): Mr. Rohit Pathak
  • Role: CEO – Copper (SMP)
  • Effective Date: Close of business hours, February 28, 2027
  • Context: Internal movement within Aditya Birla Group.
  • Appointment (SMP): Mr. Kapil Agrawal
  • Role: CEO (Designate) – Copper (SMP)
  • Effective Date: November 1, 2026
  • Context: Appointed as CEO (Designate); to take over as CEO – Copper on March 1, 2027.

Dish TV India Limited (DISHTV) (532839)

  • Appointment: Mr. Amitesh Punhani
  • Role: Corporate Head – Marketing (DTH) (SMP)
  • Effective Date: June 18, 2026
  • Context: Board approved appointment; forms part of SMP.

Allcargo Logistics Limited (ALLCARGO) (532749)

  • Appointment: Mr. Bipin Reghunathan
  • Role: Chief Business Officer – Consultative Logistics (designated SMP)
  • Effective Date: June 22, 2026
  • Context: Designated as Senior Management Personnel.

H.G. Infra Engineering Limited (HGINFRA) (541019)

  • Resignation (from CFO/KMP): Mr. Rajeev Mishra
  • Role: CFO & KMP (ceased)
  • Effective Date: Close of business hours, June 17, 2026
  • Appointment/Change: Mr. Rajeev Mishra
  • Role: Head – Investor Relations and Corporate Affairs (SMP)
  • Effective Date: June 18, 2026
  • Context: Transition into new role.
  • Change (category): Mr. Sanjay Bafna
  • Role: Head – Accounts
  • Effective Date: June 18, 2026
  • Context: Ceased to be categorized as Senior Management Personnel (continues employment).

Allied Digital Services Limited (ADSL) (532875)

  • Re-designation: Mr. Paresh Shah
  • Role: Chief Innovation Officer (CINO) (from CEO)
  • Effective Date: July 1, 2026
  • Context: Board redesignated Paresh Shah.
  • Appointment: Mr. Arun Pathak
  • Role: CEO – Cloud and Infrastructure Services (CEO-CIS) for India & Middle East (SMP)
  • Effective Date: July 2, 2026
  • Context: Appointed as CEO-CIS and SMP.

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

PB Fintech Limited (POLICYBZR) (543390)

  • Resignation (Independent Director): Mr. Kaushik Dutta
  • Role: Chairperson, Audit Committee (and committee member)
  • Effective Date: Close of business hours, June 18, 2026
  • Context: Completed first term; decided not to seek reappointment (professional preoccupations/personal commitments).
  • Resignation (Independent Director): Ms. Lilian Jessie Paul
  • Role: Independent Director; committee memberships ceased
  • Effective Date: Close of business hours, June 18, 2026
  • Context: Completed first term; decided not to seek reappointment (professional preoccupations/personal commitments).

Gabion Technologies India Limited (GABION) (544675)

  • Resignation (Independent Director): Mrs. Vineeta Gautam
  • Role: Non-Executive Independent Director
  • Effective Date: June 18, 2026
  • Context: Inability to devote sufficient time/attention due to existing commitments and workload.

Alembic Pharmaceuticals Limited (APLLTD) (533573)

  • Appointment: Mr. Sujit Jaysukh Bhayani
  • Role: Additional Director designated as Non-Executive Independent Director
  • Effective Date: June 18, 2026
  • Context: Appointed for 5 years, subject to shareholder approval at AGM.

Puretrop Fruits Limited (PURETROP) (530077)

  • Resignation (Independent Director): Mr. Ashok Chandumal Murajani
  • Role: Independent Director
  • Effective Date: June 18, 2026
  • Context: Underlying medical condition; also ceased committee chair/member roles.

Starlit Power Systems Ltd. (538733)

  • Resignation (Director): Mr. Shiv Naryan
  • Role: Director
  • Effective Date: June 17, 2026
  • Context: Personal reasons (no other material reason stated).

India Tourism Development Corporation Limited (ITDC) (532189)

  • Appointment: Sh. Malay Kumar Singha
  • Role: Additional Director (Independent Director)
  • Effective Date: June 18, 2026
  • Context: Appointment approved by Board via circular resolution; period of 3 years (as per Ministry of Tourism OM).

Simplex Castings Limited (513472)

  • Appointment: Mrs. Smita Thakur
  • Role: Additional Director designated as Non-Executive Independent Director
  • Effective Date: June 18, 2026
  • Context: Term of 5 years, subject to shareholder approval.

Shreeji Shipping Global Limited (SHREEJISPG) (544490)

  • Appointment (via postal ballot result): Ms. Mayuri Bipinbhai Rupareliya
  • Role: Non-Executive Independent Director (first term)
  • Effective Date: Postal ballot report dated June 18, 2026 (appointment approved for 5 years; details in voting results)
  • Context: Appointment approved through special resolution in postal ballot.

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

Saint-Gobain Sekurit India Limited (515043)

  • Cluster: CFO resignation and CFO appointment both approved in the same board outcome; transition dates are close (resignation effective Aug 7; new CFO effective Aug 10).

Allied Digital Services Limited (ADSL) (532875)

  • Cluster: Multiple leadership structure changes approved together:
  • Nehal Shah elevated to Joint Managing Director (KMP/board role)
  • Paresh Shah redesignated as CINO (from CEO)
  • Arun Pathak appointed as CEO-CIS (SMP)

H.G. Infra Engineering Limited (HGINFRA) (541019)

  • Cluster: CFO transition plus SMP re-categorization in the same disclosure:
  • Rajeev Mishra moves from CFO/KMP to Head – Investor Relations & Corporate Affairs (SMP)
  • Sanjay Bafna ceases to be categorized as SMP

5. Reappointments / Extensions (side notes)

  • Aeroflex Industries Limited (AEROFLEX) (543972):
  • Re-appointment of Internal Auditor: M/s. D M Jain & Co. (FY 2026–27)
  • Re-appointment of Statutory Auditors: M/s. Shweta Jain & Co. LLP (second term of 5 years from 2026–27, subject to AGM)
  • Appointment of Cost Auditor: M/s. Rampurawala Mohammed A & Co. (FY 2026–27)

If you want, I can also provide a one-page “changes table” (Company | Person | Role | Effective date | Action) for faster internal review.