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Management Changes

CFO and CS reshuffles after takeover at iDream Film Infrastructure

June 25, 2026 5 mins read Firehose Gupta

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

0. Critical Alerts (Highest Priority)

No “for cause” resignations (i.e., resignation reasons indicating governance/ethical/mismanagement or lack of access to information) were explicitly stated in the provided filings.


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

Life Insurance Corporation of India (LICI)

  • Change: Appointment / re-designation (C-suite compliance role)
  • Person: Shri Jayasimhan Madabhushi Matam Tirumala
  • Role: Chief Compliance Officer (KMP) (re-designated from Executive Director (Board & Secretarial/Regulatory Compliance))
  • Effective Date: June 24, 2026
  • Context: Board approved appointment as Chief Compliance Officer, subject to IRDAI approval.

Majestic Auto Limited (500267)

  • Change: Resignation (CFO)
  • Person: Mr. Ajay Kumar
  • Role: Chief Financial Officer (CFO) / KMP
  • Effective Date: Relieved close of business hours, June 24, 2026 (resignation accepted June 08, 2026)
  • Context: Resignation stated as “personal reasons.”

RDB Real Estate Constructions Limited (544346)

  • Change: Resignation (CFO)
  • Person: Mr. Harsh Jhunjhunwala
  • Role: Chief Financial Officer (CFO) / KMP
  • Effective Date: Immediate effect (June 24, 2026)
  • Context: Resignation due to “personal and professional commitments.”

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

Indo Count Industries Limited (ICIL)

  • Resignation: Mr. Bijay Agarwal — Head – Accounts & Finance (Senior Management Personnel)
  • Effective Date: Close of business hours, September 22, 2026
  • Context: Personal reasons

IDream Film Infrastructure Company Limited (504375)

  • Appointment: Mr. Jaswinder Singh — Chief Financial Officer (CFO)
  • Effective Date: July 1, 2026
  • Context: Appointment due to restructuring of Board of Directors pursuant to takeover
  • Appointment: Mr. Yung Kug Kim — Chief Executive Officer (CEO)
  • Effective Date: July 1, 2026
  • Context: Appointment due to restructuring of Board of Directors pursuant to takeover
  • Cessation: Ms. Nirali Pankaj Mehta — Company Secretary & Compliance Officer
  • Effective Date: Close of business hours, June 24, 2026
  • Context: Change in management pursuant to takeover (as stated in resignation reasons)
  • Cessation: Mr. Umesh Keshav Bhise — Chief Financial Officer (CFO)
  • Effective Date: Close of business hours, June 24, 2026
  • Context: Change in management pursuant to takeover (as stated in resignation reasons)
  • Appointment: Ms. Santosee Narayan Majhi — Company Secretary & Compliance Officer
  • Effective Date: June 24, 2026
  • Context: Board restructuring pursuant to takeover

Kabra Extrusiontechnik Limited (KABRAEXTRU / 524109)

  • Resignation: Mr. Arnab Saha — Head – Strategy and Alliances (Senior Management Personnel)
  • Effective Date: Close of business hours, June 23, 2026
  • Context: Resignation to pursue external opportunity (no other material reason stated)

Centenial Surgical Suture Ltd. (531380)

  • Retirement/Cessation: Mr. Sanjay Sohani — President – Production (Senior Management Personnel)
  • Effective Date: Close of business hours, June 20, 2026
  • Context: Retirement

Manoj Jewellers Limited (544400)

  • Appointment: Mr. Sunil Shantilal — Chief Financial Officer (CFO)
  • Effective Date: June 24, 2026
  • Context: Board approved appointment (alongside rights issue consideration)

Vivo Bio Tech Limited (511509)

  • Resignation: Mr. A V Kiran — Company Secretary & Compliance Officer
  • Effective Date: June 24, 2026
  • Context: Resignation to pursue alternate career opportunities outside the organization
  • Appointment: Mr. Bhavish Vijayvargiya — Company Secretary & Compliance Officer (and Compliance Officer)
  • Effective Date: June 24, 2026
  • Context: Appointment as CS and Compliance Officer

3. Board / Director Changes

Garware Hi-Tech Films Limited (500655)

  • Resignation (Independent Director): Ms. Devanshi H. Nanavati (DIN: 08770422)
  • Effective Date: Close of business hours, June 24, 2026
  • Context: Completion of second term as Independent Director
  • Appointment (Independent Director): Ms. Sonali Rajesh Mehta (DIN: 11485935)
  • Effective Date: June 25, 2026
  • Context: Appointed as Independent Director for 1 year (special resolution)
  • Re-appointment: Ms. Monika Garware (DIN: 00143400)
  • Role: Vice-Chairperson & Joint Managing Director
  • Effective Date: November 1, 2026
  • Context: Re-appointment for 5 years (special resolution)

Mega Corporation Limited (MEGACOR / 531417)

  • Appointment: Mr. Ashraye Lalani (DIN: 08371173)
  • Role: Additional Director (Non-Executive, Non-Independent)
  • Effective Date: June 24, 2026
  • Context: Board appointment (subject to member approval at General Meeting)

SEPC Limited (SEPC / 532945)

  • Resignation (Independent Director): Dr. Ashutosh Karnatak (DIN: 03267102)
  • Effective Date: June 24, 2026
  • Context: Personal reasons and other professional commitments

Kalyan Capitals Limited (538778)

  • Resignation (Independent Director): Ms. Mamta Gupta (DIN: 02789086)
  • Effective Date: Close of business hours, June 23, 2026
  • Context: Personal reasons

Rallis India Limited (RALLIS / 500355)

  • Resignation (Independent Director): Mr. Mahesh Girdhar (DIN: 10270848)
  • Effective Date: Close of business hours, June 24, 2026
  • Context: Professional commitments (also confirmed no other material reasons)

SEPC Limited (532945)

  • Resignation (Independent Director): Dr. Ashutosh Karnatak (DIN: 03267102)
  • Effective Date: June 24, 2026
  • Context: Personal reasons and other professional commitments

Avantel Limited (AVANTEL / 532406)

  • Appointment (Independent Directors):
  • Dr. Tamilmani Kandasamy (DIN: 07617444) — Independent Director, term Apr 26, 2026 to Apr 25, 2031
  • Mr. Lakshminarasimha Acharyulu Muktevi (DIN: 02118771) — Independent Director, term Apr 26, 2026 to Apr 25, 2031
  • Context: Approved at 36th AGM (June 24, 2026)

Viji Finance Limited (VIJIFIN / 537820)

  • Appointment (Additional Directors):
  • Mrs. Sejal Riddhesh Shah (DIN: 11269204) — Non-Executive Non-Independent, w.e.f. June 24, 2026
  • Mr. Prakash Muksiya (DIN: 11786103) — Non-Executive Independent, w.e.f. June 24, 2026
  • Context: Board appointments subject to shareholder approval (as stated)

Kalyani Steels Limited (KSL / 500235)

  • Appointment (Additional Independent Director): Ms. Vartika Shukla (DIN: 08777885)
  • Effective Date: June 24, 2026 to June 23, 2031 (subject to member approval via Postal Ballot)
  • Context: Board circular resolution approved appointment

IDream Film Infrastructure Company Limited (504375)

  • Appointments (Additional Directors):
  • Mr. Baljit Singh (DIN: 00711152) — Additional Director (Non-Executive, Non-Independent), June 24, 2026
  • Ms. Honey Singh (DIN: 02589597) — Additional Director (Non-Executive, Non-Independent), June 24, 2026
  • Ms. Upveen Harpal (DIN: 06800217) — Additional Director (Non-Executive, Non-Independent), June 24, 2026
  • Mr. Ross William Brierty (DIN: 10911462) — Independent Director, 5 years from June 24, 2026 (subject to shareholder approval)
  • Ms. Prerana S. Bokil (DIN: 10272554) — Independent Director, 5 years from June 24, 2026 (subject to shareholder approval)
  • Cessations (Directors):
  • Ms. Kalpana Shripal Morakhia — Managing Director, close of business hours June 24, 2026 (reason: takeover/management restructuring)
  • Mr. Milan Vinod Chitalia — Independent Director, close of business hours June 24, 2026 (reason: takeover/management restructuring)
  • Ms. Suchita Prashant Shah — Independent Director, close of business hours June 24, 2026 (reason: takeover/management restructuring)
  • Mr. Paresh Shrikrishna Kadam — Independent Director, close of business hours June 24, 2026 (reason: takeover/management restructuring)

Tamil Nadu Newsprint & Papers Limited (TNPL / 531426)

  • Appointment (Director): Thiru N Venkatesh, I.A.S. (DIN: 06557732)
  • Effective Date: June 10, 2026
  • Context: Government transfer/posting to represent Finance Department

Softbpo Global Services Ltd. (IDream Film Infrastructure filing appears; no separate Softbpo director change details provided)

  • (No additional director change extracted beyond the IDream filing content provided.)

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

IDream Film Infrastructure Company Limited (504375)

  • High clustering of changes on the same day (June 24, 2026):
  • Multiple director cessations (MD + multiple Independent Directors) and new director appointments (including Independent Directors).
  • KMP reshuffle: CS/Compliance Officer cessation + appointment; CFO cessation + new CFO appointment; CEO appointment.
  • Stated driver across resignations/cessations: takeover and consequent management restructuring.

5. Reappointments / Extensions (side notes)

OnMobile Global Limited (ONMOBILE / 532944)

  • Re-appointment: Radhika Venugopal (DIN: 10548693)
  • Role: Whole-time Director designated as Whole-time Director and CFO
  • Term: March 27, 2027 to March 26, 2030 (subject to shareholder approval at ensuing AGM)

Garware Hi-Tech Films Limited (500655)

  • Re-appointment: Ms. Monika Garware (DIN: 00143400)
  • Role: Vice-Chairperson & Joint Managing Director
  • Term: Nov 1, 2026 to Oct 31, 2031 (special resolution)

If you want, I can also provide a one-page “heat map” table (company vs. role changed) for faster internal scanning.