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Management Changes

InterGlobe Aviation CFO shifts to Advisor; Duke Offshore MD resigns

July 28, 2026 5 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 (all cited reasons were personal/professional commitments or similar).


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

InterGlobe Aviation Limited (INDIGO)

  • Change: CFO transition (re-designation + appointment)
  • Person: Mr. Gaurav Negi
  • Role: CFO → Advisor to the Managing Director
  • Effective Date: close of business hours on July 27, 2026
  • Person: Mr. Kiran Thadimarri
  • Role: CFO (KMP)
  • Effective Date: July 28, 2026
  • Context: Board approved re-designation of current CFO and appointment of Deputy CFO as new CFO.

Duke Offshore Ltd. (531471)

  • Change: MD resignation
  • Person: Mr. Avik George Duke
  • Role: Managing Director (MD)
  • Effective Date: close of business hours on July 27, 2026
  • Context: Resignation noted as company acquired by Aspect Global Ventures Private Limited.

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

Allied Blenders and Distillers Limited (ABDL)

  • Appointment: Mr. Bikram Basu
  • Role: Group Chief Marketing and Innovation Officer; classified as SMP
  • Effective Date: August 1, 2026
  • Resignation/Cessation (SMP classification): Dr. Pradipta Basu
  • Role: Chief Marketing Officer (continues in role)
  • Effective Date: SMP classification ceased July 31, 2026
  • Context: Internal re-organisation of reporting structure; clarification that Dr. Pradipta Basu continues as CMO but not as SMP.

InterGlobe Aviation Limited (INDIGO)

  • Re-designation: Mr. Gaurav Negi
  • Role: CFO → Advisor to the Managing Director
  • Effective Date: close of business hours on July 27, 2026

Capillary Technologies India Limited (CAPILLARY)

  • Resignation: Mr. Sunil M Jain
  • Role: Head – Corporate Development (SMP)
  • Effective Date: last working day July 31, 2026
  • Context: Resigned “to pursue new challenges and opportunities”.

Gallantt Ispat Limited (GALLANTT)

  • Appointment: Mr. Amit Jalan
  • Role: CFO (KMP)
  • Effective Date: July 27, 2026
  • Context: Appointment as CFO and KMP.

Pavna Industries Limited (PAVNAIND)

  • Change: Internal restructuring—designation of SMPs
  • Effective Date: July 27, 2026
  • Context: Large list of employees designated as SMPs under Regulation 30/LODR framework (no single individual appointment/cessation stated as “new role” beyond SMP identification).

3. Board / Director Changes

Coforge Limited (COFORGE)

  • Re-appointment: Mr. O P Bhatt (DIN: 00548091)
  • Role: Independent Director & Chairperson
  • Effective Date: May 01, 2027 (second term)
  • Term: 5 years (to April 30, 2032)
  • Context: Re-appointment approved by Board; subject to shareholder approval.

Praxis Home Retail Limited (PRAXIS)

  • Resignation: Ms. Anou Singhvi (DIN: 07572970)
  • Role: Non-Executive Independent Director
  • Effective Date: July 27, 2026 (immediate)
  • Reason (stated): “personal reasons”
  • Context: Confirmation provided: “no material reason other than that mentioned”.

Indo Rama Synthetics (India) Limited (INDORAMA)

  • Appointment: Mrs. Ambika Sharma (DIN: 08201798)
  • Role: Additional Director, Non-Executive Independent Director (Woman)
  • Effective Date: July 27, 2026
  • Context: Subject to shareholder approval at AGM.
  • Appointment: Mr. Atim Kabra (DIN: 00003366)
  • Role: Additional Director, Non-Executive Independent Director
  • Effective Date: July 27, 2026
  • Context: Subject to shareholder approval at AGM.
  • Board committee re-constitution: Audit / NRC / Stakeholders & Relationship committees approved via circulation.

Kolte-Patil Developers Limited (KOLTEPATIL)

  • Re-appointment (shareholder approved): Mr. Girish Vanvari (DIN: 07376482)
  • Role: Independent Director (Non-Executive)
  • Effective Date: July 29, 2026
  • Term: 5 years (to July 28, 2031)
  • Context: Approved at 35th AGM.

E-Land Apparel Limited (E-LAND APPAREL)

  • Appointment: Mr. Shankar Bhat (DIN: 11849888)
  • Role: Additional Non-Executive Independent Director
  • Effective Date: July 27, 2026
  • Term: 5 years (to July 26, 2031), subject to shareholder approval

Austere Systems Limited (AUSTERE)

  • Resignation: Mr. Sharad Gaur (DIN: 10556350)
  • Role: Independent Director
  • Effective Date: close of business hours July 27, 2026
  • Reason (stated): “personal reasons”
  • Appointment: Ms. Sneha Goenka (ACS A48476)
  • Role: Company Secretary & Compliance Officer (KMP)
  • Effective Date: July 27, 2026

Cropster Agro Limited (CROPSTER)

  • Resignations (Independent Directors):
  • Ms. Sejalben Rakeshkumar Rathod (DIN: 11228401)
    • Effective Date: July 27, 2026
    • Reason (stated): “increasing professional and personal commitments”
  • Mr. Aashish Kumar Hemraj Maury (DIN: 10931075)
    • Effective Date: July 27, 2026
    • Reason (stated): “personal commitments and other professional engagements”
  • Context: Both confirmed “no other material reasons”.

SGL Resources Limited (SGL)

  • Resignation: Ms. Sona Bachani (DIN: 10119435)
  • Role: Non-Executive Independent Director
  • Effective Date: close of business hours July 27, 2026
  • Reason (stated): “pre-occupation with other commitments”
  • Appointment: Mrs. Himali Maheshbhai Thakkar (DIN: 10752931)
  • Role: Additional Director designated as Non-Executive Independent Director
  • Effective Date: July 27, 2026
  • Term: 5 years (to July 26, 2031), subject to AGM approval
  • Context: Committee reconstitution following resignation.

Oswal Agro Mills Limited (OSWALAGRO)

  • Appointment: Mr. Rahul Khadriya (DIN: 03578394)
  • Role: Additional Director (Independent)
  • Effective Date: July 27, 2026
  • Term: 5 years, subject to special resolution approval
  • Context: Also includes CS and CFO appointments (see executive section).

Oswal Greentech Limited (OSWALGREEN)

  • Appointment: Mr. Rahul Khadriya (DIN: 03578394)
  • Role: Additional Director (Independent)
  • Effective Date: July 27, 2026
  • Term: 5 years, subject to special resolution approval
  • Context: Also includes CS appointment and secretarial auditor appointments.

Duke Offshore Ltd. (531471)

  • Resignations (Independent Directors):
  • Mr. Pranay Mehta (DIN: 00061289) — effective close of business hours July 27, 2026 (“personal commitments”)
  • Ms. Revati Ganesh Pambala (DIN: 09455646) — effective close of business hours July 27, 2026 (“personal commitments”)
  • Mr. Ameet Avinash Kimbahune (DIN: 02085035) — effective close of business hours July 27, 2026 (“personal commitments”)
  • Resignation (MD/Director): Mr. Avik George Duke — MD resignation (see key leadership)
  • Appointments (Additional Directors):
  • Mr. Ashutosh Janak Kumar Thakar (DIN: 10251729) — Additional Director (Executive Whole Time) effective July 27, 2026
  • Mrs. Aksha Mohit Kamboj (DIN: 03347200) — Additional Director (Non-Executive) effective July 27, 2026
  • Mr. Sukumar Anand Shetty (DIN: 03540525) — Additional Director (Non-Executive) effective July 27, 2026
  • Mr. Rajesh Chunilal Bhojani (DIN: 01804482) — Additional Independent Director effective July 27, 2026
  • Mr. Vaibhav Anjinikumar Agarwal (DIN: 11267514) — Additional Independent Director effective July 27, 2026
  • Mr. Arjun Bikas Dutta (DIN: 11845860) — Additional Independent Director effective July 27, 2026
  • Context: Board reconstitution of committees approved concurrently.

Indo Rama Synthetics (India) Limited (INDORAMA) / E-Land Apparel / Austere Systems / SGL Resources / Cropster Agro

(covered above; no additional director changes beyond those listed)


4. Notable Company-Specific Situations

Duke Offshore Ltd. (531471)

  • High concentration of governance changes on the same date: MD resignation plus multiple Independent Director resignations and multiple Additional Director appointments (including Executive Whole Time Director and several Independent Directors), all effective July 27, 2026.
  • Context (stated): MD resignation linked to acquisition by Aspect Global Ventures Private Limited; other resignations cited “personal commitments” / “personal reasons”.

SGL Resources Limited (SGL)

  • Independent director churn + committee reshuffle: Independent Director resignation (Sona Bachani) and appointment of another Independent Director (Himali Thakkar) on the same day, with committee reconstitution.

Allied Blenders and Distillers Limited (ABDL)

  • SMP classification change without role exit: Dr. Pradipta Basu continues as CMO, but SMP status shifts to Bikram Basu effective Aug 1, 2026.

5. Reappointments / Extensions (side notes)

Coforge Limited (COFORGE)

  • Re-appointment: O P Bhatt as Independent Director & Chairperson for second term (effective May 01, 2027).

Kolte-Patil Developers Limited (KOLTEPATIL)

  • Re-appointment: Girish Vanvari as Independent Director for second term (effective July 29, 2026).

Lords Chloro Alkali Limited (LORDSCHLO)

  • Re-appointment: Deepak Mathur as Whole Time Director for further term 3 years (w.e.f. Feb 19, 2027 to Feb 18, 2030), subject to member approval.

If you want, I can also provide a separate “audit/financial reporting” change log (e.g., statutory auditor resignation/appointment) since one filing included that, but it’s outside your leadership/director focus.