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Management Changes

CEO Resignations and CMD Appointments in Latest BSE Filings

June 26, 2026 5 mins read Firehose Gupta

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

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

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


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

Olatech Solutions Limited (Scrip: 543578)

  • Change: Resignation
  • Person: Mr. Navneet Kakkar
  • Role: Chief Executive Officer (CEO)
  • Effective Date: Close of business hours, 25 June 2026
  • Context: Resigned to pursue career opportunities outside the company and due to other personal commitments.

Photon Capital Advisors Limited (Scrip: 509084)

  • Change: Appointment
  • Person: Mr. Sreeram Reddy Vanga
  • Role: Chairman & Managing Director (CMD)
  • Effective Date: 25 June 2026 (subject to shareholder approval)
  • Context: Board approved appointment for a period of 3 years.

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

Rallis India Limited (Scrip: 500355)

  • Appointment: Mr. Velmurugan Ramadass — Business Head, Seeds Division (Senior Management Personnel)
  • Effective Date: 29 June 2026
  • Context: Appointment due to internal re-organisation.
  • Resignation/Cessation: Dr. Devender Kumar — ceased to be part of Senior Management Personnel
  • Effective Date: 29 June 2026
  • Context: Internal re-organisation.

Procter & Gamble Health Limited (Scrip: 500126)

  • Appointment: Mr. Shine Matthew Sunny — internal role change within SMP
  • Effective Date: 1 July 2026
  • Context: Appointment to Marketing Strategy & Planning leader, Commercial Excellence & E-commerce Leader (internal re-designation).
  • Resignation/Cessation: (Role changes within SMP; individuals continue with company)
  • Mr. Abhijit Roy — role change to Sales Leader (South and East region) and Exports Leader
  • Mr. M. Padmakar Rao — role change to Sales Leader (North & West region) and Institutional Business Leader
  • Mr. Nilesh Barbade — role change to Sales Leader (Trade)
  • Effective Date: 1 July 2026
  • Context: Internal organizational changes.

ACME Solar Holdings Limited (Scrip: 544283)

  • Resignation/Cessation: Mr. Rishi Kumar Mishra — Senior Vice President (R&D) (SMP)
  • Effective Date: Close of business hours, 25 June 2026
  • Context: Resignation to pursue external career opportunities.

Stratmont Industries Limited (Scrip: 530495)

  • Resignation: Mr. Ganesh Yadav — Chief Financial Officer (CFO) (also KMP)
  • Effective Date: Close of business hours, 25 June 2026
  • Context: Resigned due to personal reasons.

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

Delta Industrial Resources Limited (Scrip: 539596)

  • Resignation: Mr. Aman Kumar Ray — Director
  • Effective Date: Close of business hours, 25 June 2026
  • Context: Resigned due to personal reasons.

R Systems International Limited (Scrip: 532735)

  • Resignation: Mr. Mukesh Mehta — Non-Executive Director
  • Effective Date: Close of business hours, 28 June 2026
  • Context: Preoccupation and other personal commitments.
  • Cessation (term completion): Independent Directors and Chairperson
  • Mrs. Ruchica Gupta — Chairperson & Independent Director (term ends 28 June 2026)
  • Mr. Kapil Dhameja — Independent Director (term ends 28 June 2026)
  • Mr. Aditya Wadhwa — Independent Director (term ends 28 June 2026)
  • Appointment: Mr. Shailesh Sharad Kekre — Additional Director (Non-Executive Independent)
  • Effective Date: 29 June 2026 (3 months as Additional; recommended for 5-year Independent term subject to approval)
  • Appointment: Ms. Sangeeta Kapil Jit Singh — Additional Director (Non-Executive Independent)
  • Effective Date: 29 June 2026
  • Appointment: Mr. Srikanth Balachandran — Additional Director (Non-Executive Independent)
  • Effective Date: 29 June 2026
  • Appointment: Mr. Pranav Damani — Additional Director (Non-Executive)
  • Effective Date: 29 June 2026
  • Appointment: Mr. Shailesh Kekre — Chairperson of the Board
  • Effective Date: 29 June 2026

PPAP Automotive Limited (Scrip: 532934)

  • Appointment: Mrs. Meeta Makhan — Additional Director (Independent)
  • Effective Date: 25 June 2026
  • Context: Term until conclusion of AGM; Independent term 2 years (subject to shareholder approval).

Apcotex Industries Limited (Scrip: 523694)

  • Re-appointment: Mr. Ravishankar Sharma — Executive Director
  • Effective Date: 1 May 2026
  • Term: 2 years (approved by shareholders)
  • Continuation/Extension: Mr. Atul Choksey — Non-Executive Non-Independent Director (Chairman designation)
  • Context: Continuation after attaining age 75 (Reg. 17(1A)).

Sula Vineyards Limited (Scrip: 543711)

  • Resignation/Non re-appointment: Mr. Nicholas Cator — Non-Executive Non-Independent Director
  • Effective Date: 25 June 2026 (end of AGM)
  • Context: Did not seek re-appointment upon retirement by rotation (pre-occupation); vacancy not filled.

Sayaji Hotels (Indore) Limited (Scrip: 544080)

  • Resignation: Mrs. Suchitra Dhanani — Non-Executive Non-Independent Director
  • Effective Date: Close of business hours, 25 June 2026
  • Context: Other occupation.

Sayaji Hotels Limited (Scrip: (not provided in filing))

  • Resignation: Mrs. Suchitra Dhanani — Whole-Time Director
  • Effective Date: Close of business hours, 25 June 2026
  • Context: Other occupations.
  • Resignation (subsidiary): Mrs. Suchitra Dhanani — Director of Sayaji Housekeeping Services Limited (WOS)
  • Effective Date: Close of business hours, 25 June 2026
  • Context: Other occupations.

Nila Infrastructures Limited (Scrip: 530377)

  • Re-appointment: Mr. Revant Bhatt — Non-executive Independent Director (2nd term)
  • Effective Date: 07 October 2026
  • Term: 5 years (subject to shareholder approval)

Smartworks Coworking Spaces Limited (Scrip: 544447)

  • Appointment (recommended to shareholders): Mr. Dilip Deshmukh — Non-Executive Independent Director
  • Effective Date: From shareholder approval date
  • Term: 3 years (not liable to retire by rotation)
  • Appointment: Mr. Rajeev Krishnamuralilal Agarwal — Additional Non-Executive Independent Director
  • Effective Date: 25 June 2026
  • Term: 3 years (or until ensuing GM / 3 months, whichever earlier)

Jagsonpal Pharmaceuticals Limited (Scrip: 507789)

  • Appointment: Mr. Anil Kumar Matai — Additional Director (Non-Executive Independent)
  • Effective Date: 25 June 2026
  • Term: 5 years (subject to shareholder approval)

Ace Men Engg Works Limited (Scrip: 539661)

  • Resignation (noted from earlier date): Mr. Sourabh Gopichand Gaikwad — Independent Director
  • Effective Date: Close of working hours, 01 June 2026
  • Context: Preoccupation.

Sayaji Hotels Limited / Sayaji Hotels (Indore) Limited / Sula Vineyards / etc.

(Already covered above per company blocks.)

STRATMONT INDUSTRIES LIMITED (Scrip: 530495)

  • Resignation (KMP/CFO): Mr. Ganesh Yadav — CFO
  • Effective Date: Close of business hours, 25 June 2026
  • Context: Personal reasons.
    (No separate board-director change was provided in the CFO resignation filing.)

Photon Capital Advisors Limited (Scrip: 509084)

  • Appointments: Multiple director appointments approved by Board (all effective 25 June 2026, subject to shareholder approval where applicable), including:
  • Mr. Venkatareddy Marella — Additional Director (Non-Executive Independent)
  • Ms. Arpitha Mettu — Additional Director (Non-Executive Independent)
  • Mr. Pranav/others not in this filing block; also includes Additional Director (Non-Executive) and Company Secretary appointment (see below).
  • Resignations (cluster on same date): Board resignations effective 25 June 2026:
  • Mrs. Sobharani Nandury — Director (Whole-time Director)
  • Mr. Tejaswy Nandury — Director
  • Mrs. Suchitra Nandury — Director
  • Mr. V R Shankara — Director
  • Mr. Venkata Subash Lingareddy — Independent Director
  • Context (stated): “recent change in control” and proposed reconstitution by new promoter.

Olatech Solutions Limited (Scrip: 543578)

  • No board/director change reported in the CEO resignation filing (only CEO resignation).

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

Photon Capital Advisors Limited (Scrip: 509084)

  • High clustering: Multiple director resignations (4 directors + 1 independent director) all effective 25 June 2026, alongside simultaneous appointments of new directors and a new CMD (Chairman & MD) on the same date.
  • Stated context: “recent change in control” and “proposed reconstitution of the Board by the new Promoter.”

5. Reappointments / Extensions (side notes)

Apcotex Industries Limited (Scrip: 523694)

  • Re-appointment: Mr. Ravishankar Sharma — Executive Director for 2 years (from 1 May 2026 to 30 April 2028).
  • Extension/continuation: Mr. Atul Choksey — continuation as Non-Executive Non-Independent Director (Chairman designation) after age 75.

Nila Infrastructures Limited (Scrip: 530377)

  • Re-appointment: Mr. Revant Bhatt — Independent director second term for 5 years from 07 Oct 2026 (subject to shareholder approval).

If you want, I can also provide a one-page “changes by role” table (CEO/CFO/Chair/Independent/Other SMP) strictly from the same filings.