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Management Changes

Pankaj Polymers MD, CFO resign on management change

June 20, 2026 6 mins read Firehose Gupta

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

0. Critical Alerts (for-cause resignations)

  • None identified in the provided filings.
    (No resignation text cited governance/ethics/mismanagement/lack of information; most reasons were “personal/professional commitments”, “change in management”, or “pre-occupation”.)

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

Pankaj Polymers Limited (531280)

  • Change: Resignation
  • Person: Mr. Pankaj Goel
  • Role: Managing Director (Key Managerial Personnel / Director)
  • Effective Date: 19 June 2026
  • Context: “Resignation due to change in management of the company.”

  • Change: Resignation

  • Person: Mr. Paras Goel
  • Role: Joint Managing Director
  • Effective Date: 19 June 2026
  • Context: “Resignation due to change in management of the company.”

  • Change: Resignation

  • Person: Mr. P. Hari Krishna
  • Role: Chief Financial Officer (CFO)
  • Effective Date: 19 June 2026
  • Context: “Resignation due to change in management of the company.”

UCO Bank (532505)

  • Change: Appointment (additional charge)
  • Person: Shri Rajendra Kumar Saboo
  • Role: Managing Director & Chief Executive Officer (additional charge)
  • Effective Date: 19 June 2026 (additional charge assigned; additional charge period stated from 1 June 2026 vacancy)
  • Context: Additional charge assigned due to vacancy after completion of term of Shri Ashwani Kumar on 31 May 2026; additional charge till 31 Aug 2026 or until regular incumbent/ further orders.

Everest Industries Limited (EVERESTIND / 508906)

  • Change: Resignation
  • Person: Mr. Vaibhav Garg
  • Role: Chief Human Resources Officer (CHRO)
  • Effective Date: Resignation effective closing hours of 31 July 2026
  • Context: “To pursue career opportunities outside the Company.”
    (Note: CHRO is not in the CEO/CFO/COO/Chairman/MD list; included here only because it is a major senior leadership change but it does not qualify under the strict Key Leadership definition.)

Amber Enterprises India Limited (AMBER / 540902) (via material subsidiary disclosure)

  • Change: Resignation (subsidiary management)
  • Person: Mr. Manjunath Punyamurthy
  • Role: Managing Director of Ascent Circuits Private Limited (subsidiary of IL JIN Electronics India Pvt. Ltd.)
  • Effective Date: Close of business hours 18 June 2026 (tendered resignation; resignation effective as per covenants)
  • Context: Resignation “pursuant to the terms of the Share Purchase Agreement dated 18 June 2026.”

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

Kaya Limited (539276)

  • Resignation/Relief: Ms. Amrita Chowdhury
  • Role: Vice President & Head – Human Resources (SMP)
  • Effective Date: Relieved close of business hours on 19 June 2026
  • Context: Resignation letter referenced; earlier intimation dated 12 May 2026.

Hindware Home Innovation Limited (HINDWAREAP / 542905)

  • Resignation: Mr. Nikhil Maheshwari
  • Role: Vice President – Sourcing & NPD (SMP)
  • Effective Date: Ceased as SMP from 30 June 2026
  • Context: “To pursue a new opportunity outside the organization.”

Oberoi Realty Limited (OBEROIRLTY / 533273)

  • Resignation: Ms. Priti Thakur
  • Role: Assistant Vice President – Customer Service
  • Effective Date: 19 June 2026
  • Context: Resignation from the post on account of her resignation.

Everest Industries Limited (EVERESTIND / 508906)

  • Resignation: Mr. Vaibhav Garg
  • Role: Chief Human Resources Officer (CHRO)
  • Effective Date: Closing hours 31 July 2026
  • Context: “To pursue career opportunities outside the Company.”

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

General Insurance Corporation of India (GICRE / 540755)

  • Appointment: Dr. Debasish Prusty
  • Role: Director (Additional Secretary, DFS nomination)
  • Effective Date: Immediate effect (19 June 2026 letter)
  • Context: Nominated “vice Shri Tapan Kumar Mondal.”

Kisaan Parivar Industries Limited (519230)

  • Resignation: Mr. Srikar Thirukoveluri
  • Role: Independent Director
  • Effective Date: 19 June 2026 (immediate effect)
  • Context: “Personal reasons and increasing professional commitments.”

  • Resignation: Ms. Prathyusha Kodakanti

  • Role: Independent Director
  • Effective Date: 19 June 2026 (immediate effect)
  • Context: “Personal reasons and increasing professional commitments.”

Aavas Financiers Limited (AAVAS / 541988)

  • Appointment: Mr. Vivek Anant Karve
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: 23 June 2026 (term effective from June 23; appointment approved with effect from June 23, 2026 subject to shareholders)
  • Context: Appointment for 5 consecutive years, subject to shareholder approval.

  • Cessation: Mrs. Kalpana Kaushik Mazumdar

  • Role: Non-Executive Independent Director
  • Effective Date: close of business hours on 22 June 2026
  • Context: Completion of tenure; also ceased as Chairperson of Audit Committee and member of CSR & ESG Committee.

Sapphire Foods India Limited (SAPPHIRE / 543397)

  • Resignation: Mr. Vinod Nambiar
  • Role: Non-Executive Nominee Director (SFML)
  • Effective Date: 19 June 2026
  • Context: Resignation from the Board.

  • Appointment: Mr. Vikram Agarwal

  • Role: Additional Director (Non-Executive Nominee Director; SFML)
  • Effective Date: 19 June 2026 (subject to shareholder approval)
  • Context: Replacement nomination following Vinod Nambiar’s resignation.

Havells India Limited (HAVELLS / 517354)

  • Cessation (completion of tenure): Shri U K Sinha
  • Role: Independent Director
  • Effective Date: 19 June 2026
  • Context: Completion of second term as Independent Director.

  • Cessation (completion of tenure): Shri Jalaj Ashwin Dani

  • Role: Independent Director
  • Effective Date: 19 June 2026
  • Context: Completion of second term as Independent Director.

  • Appointment: Shri Ashish Dhawan

  • Role: Additional Director (Independent)
  • Effective Date: 19 June 2026
  • Context: Appointment as Additional Director (Independent).

  • Appointment: Ms. Shanti Ekambaram

  • Role: Additional Director (Independent)
  • Effective Date: 19 June 2026
  • Context: Appointment as Additional Director (Independent).

Bandhan Bank Limited (BANDHANBNK / 541153)

  • Extension: Shri Arun Kumar Singh
  • Role: Additional Director (RBI nominee)
  • Effective Date: Extension from 24 June 2026 to 23 June 2027 (or till further orders)
  • Context: RBI extension under Section 36AB.

Tamil Nadu Newsprint & Papers Limited (TNPL / 531426)

  • Appointment: Thiru R Kannan, I.A.S.
  • Role: Additional Director
  • Effective Date: 08 June 2026
  • Context: Nomination by Government of Tamil Nadu; subject to shareholder approval/confirmation via postal ballot.

Tirupati Innovar Limited (TIRUPATIIN / 539040)

  • Resignation: Mrs. Kiran Parsotambhai Makhecha
  • Role: Non-Executive Independent Director
  • Effective Date: 19 June 2026 (close of business hours)
  • Context: “Due to pre occupation with other matters.”

NIBE Limited (NIBE / 535136)

  • Appointment (regularisation via postal ballot): Mr. Rajagopalan Madhavan
  • Role: Independent Director
  • Effective Date: March 25, 2026 (term of 5 years; passed special resolution on June 18, 2026)
  • Context: Members passed special resolution for appointment as Independent Director.

Interworld Digital Limited (INTERDIGI / 532072)

  • Appointment: Mr. Faizal Bavaraparambil Abdul Khader
  • Role: Non-Executive Non-Independent Director (regularisation/approval sought)
  • Effective Date: Board approved seeking shareholder approval; stated appointment as Additional Director earlier; regularisation via EGM
  • Context: Board approved seeking shareholders’ approval at ensuing EGM.

Albert David Limited (ALBERTDAVD / 524075)

  • Appointment: Mr. Amit Mahla
  • Role: Additional Director
  • Effective Date: 19 June 2026
  • Context: CEO appointed as Additional Director.

  • Appointment: Mr. Amit Mahla

  • Role: Whole-time Director & CEO
  • Effective Date: 19 June 2026 to 18 June 2031 (subject to shareholder approval at 87th AGM)
  • Context: Regularisation/appointment for 5 years.

Suryaa Knitwear Limited (SUERYAA / not provided)

  • Resignation: Ms. Parul Singh
  • Role: Internal Auditor
  • Effective Date: 19 June 2026
  • Context: Resigned from Internal Auditor position.

  • Appointment: Mr. Subhash Chand Gupta

  • Role: Internal Auditor
  • Effective Date: 19 June 2026 (for FY 2026-27)
  • Context: Appointment approved by Board.

Shringar House of Mangalsutra Limited (SHRINGARMS / 544512)

  • Appointment: M/s J F Jain & Co.
  • Role: Internal Auditor
  • Effective Date: 19 June 2026 (FY 2026-27)
  • Context: Board approved appointment.

Smartlink Holdings Limited (SMARTLINK / 532419)

  • Appointment: Mr. Shaunak Desai
  • Role: Cost Auditor
  • Effective Date: 19 June 2026 (for FY 2026-27)
  • Context: Appointment to audit cost records.

Sueryaa Knitwear / Shringar / Smartlink / (others)

  • (No additional board/director changes beyond the above were captured in the provided documents.)

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

Kisaan Parivar Industries Limited (519230)

  • Two Independent Director resignations on the same date (19 June 2026, immediate effect):
  • Mr. Srikar Thirukoveluri
  • Ms. Prathyusha Kodakanti

Pankaj Polymers Limited (531280)

  • Large simultaneous leadership/board exits on 19 June 2026, including:
  • MD (Pankaj Goel), JMD (Paras Goel), CFO (P. Hari Krishna), Non-Executive Director (Bhavani Gajula), and two Independent Directors (Devesh Gupta, Ashutosh Gupta), plus re-designation of Aman Goel (WTD → Non-Executive).

5. Reappointments / Extensions (side notes)

Bandhan Bank Limited (BANDHANBNK / 541153)

  • Extension: RBI-nominated Additional Director Shri Arun Kumar Singh extended 1 year (24 Jun 2026–23 Jun 2027).

UCO Bank (532505)

  • Additional charge arrangement for MD & CEO role (Rajendra Kumar Saboo) until 31 Aug 2026 or until regular incumbent.

NIBE Limited (535136)

  • Regularisation of Independent Director Mr. Rajagopalan Madhavan (term from 25 Mar 2026 for 5 years; postal ballot passed 18 Jun 2026).

Aavas Financiers Limited (541988)

  • Committee reconstitution effective 23 June 2026 following new Independent Director appointment and completion of tenure of outgoing Independent Director.

If you want, I can also provide a separate “SMP-only” table (excluding directors/internal auditors/cost auditors) for faster screening.