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Management Changes

CFO and MD transitions dominate leadership reshuffles

July 31, 2026 6 mins read Firehose Gupta

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

0. Critical Alerts (for-cause resignations)

  • None found in the provided filings. (No resignation text cited governance/ethical/mismanagement “for cause” reasons.)

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

Honda India Power Products Limited (HONDAPOWER)

  • Change: Appointment (CFO) / Resignation (Whole-Time Director)
  • Person: Mr. Sameer Jain
  • Role: Chief Financial Officer (CFO)
  • Effective Date: 01-Oct-2026
  • Context: Appointed “in place of Mr. Vinay Mittal who shall retire… on 30-Sep-2026”.
  • Person: Mr. Vinay Mittal
  • Role: Whole-Time Director
  • Nature: Resignation
  • Effective Date: 01-Sep-2026 (close of business hours)
  • Context: “Resignation… with effect from September 01, 2026.”

Aarti Industries Limited (AARTIIND)

  • Change: Appointment (MD) / Role changes for Chairman & Vice-Chairmen
  • Person: Shri Suyog Kotecha
  • Role: Managing Director (additional role)
  • Effective Date: 01-Oct-2026
  • Context: “Current CEO… assume the role of Managing Director… subject to shareholders’ approval.”
  • Person: Shri Rajendra V. Gogri
  • Role: Chairman (Non-Executive)
  • Effective Date: 01-Oct-2026
  • Context: “Transition to Non-Executive roles.”
  • Person: Shri Rashesh C. Gogri
  • Role: Vice-Chairman (Non-Executive)
  • Effective Date: 01-Oct-2026
  • Context: “Transition to Non-Executive roles.”
  • Person: Shri Renil R. Gogri
  • Role: Vice-Chairman (Non-Executive)
  • Effective Date: 01-Oct-2026
  • Context: “Transition to Non-Executive roles.”

Afcons Infrastructure Limited (AFCONS)

  • Change: Re-appointment
  • Person: Mr. Subramanian Krishnamurthy
  • Role: Executive Chairman (Whole-time Director)
  • Effective Date: 01-Jul-2026
  • Context: Re-appointed for 2 years (to 30-Jun-2028).
  • Person: Mr. Srinivasan Paramasivan
  • Role: Managing Director
  • Effective Date: 01-Jul-2026
  • Context: Re-appointed for 2 years (to 30-Jun-2028).

Banswara Syntex Limited (BANSWRAS)

  • Change: Re-appointment (shareholder-approved at AGM)
  • Person: Mr. Rakesh Mehra
  • Role: Chairman & Whole-Time Director
  • Effective Date: 01-Jan-2027
  • Context: Re-appointed for 3 years (to 31-Dec-2029).
  • Person: Mr. Ravindrakumar Toshniwal
  • Role: Vice-Chairman & Whole-Time Director
  • Effective Date: 01-Jan-2027
  • Context: Re-appointed for 3 years (to 31-Dec-2029).
  • Person: Mr. Shaleen Toshniwal
  • Role: Managing Director
  • Effective Date: 01-Jan-2027
  • Context: Re-appointed for 3 years (to 31-Dec-2029).

KG Petrochem Limited (KGPETRO)

  • Change: Re-appointment (Board approval; shareholder approval pending)
  • Person: Mr. Manish Singhal
  • Role: Managing Director
  • Effective Date: 01-Aug-2026
  • Context: Proposed re-appointment for 3 years (to 31-Jul-2029), subject to AGM approval.
  • Person: Mrs. Prity Singhal
  • Role: Whole-Time Director
  • Effective Date: 01-Aug-2026
  • Context: Proposed re-appointment for 3 years (to 31-Jul-2029), subject to AGM approval.
  • Person: Mr. Gauri Shanker Kandoi
  • Role: Chairman-cum-Whole-Time Director
  • Effective Date: 01-Aug-2026
  • Context: Proposed re-appointment for 3 years (to 31-Jul-2029), subject to AGM approval.

Sodhani Academy of Fintech Enablers Limited (SAFE)

  • Change: Re-appointment (subject to shareholder approval)
  • Person: Mr. Rajesh Kumar Sodhani
  • Role: Managing Director
  • Effective Date: (Not explicitly dated in the filing text; stated as “for a period of three (03) years subject to approval… at ensuing 17th AGM”)
  • Context: Board approved re-appointment; AGM approval pending.

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

NMDC Limited (NMDC)

  • Appointment: Shri Aniket Kulshreshtha
  • Role: Company Secretary & Compliance Officer (KMP)
  • Effective Date: 30-Jul-2026 (immediate)
  • Context: Appointed “consequent upon” organizational changes and posting of predecessor in Finance Department.
  • Resignation: Shri Pravin Shekhar
  • Role: Company Secretary & Compliance Officer (KMP)
  • Effective Date: 30-Jul-2026
  • Context: “in view of organizational changes and consequent posting in Finance Department at NMDC Limited.”

NMDC Steel Limited (543768)

  • Resignation: Shri Aniket Kulshreshtha
  • Role: Company Secretary & Compliance Officer (KMP)
  • Effective Date: 30-Jul-2026
  • Context: Resigned “consequent upon his appointment as Company Secretary… in NMDC Limited.”
  • Appointment: Shri Paraj Kanti Saha
  • Role: Company Secretary & Compliance Officer (KMP)
  • Effective Date: 30-Jul-2026 (immediate)
  • Context: Board approved appointment as KMP.

Norris Medicines Limited (524414)

  • Appointment: Mr. Iqubal Ismail Patel
  • Role: Chief Financial Officer (CFO) & KMP
  • Effective Date: 30-Jul-2026
  • Context: Appointment approved by Board on recommendation of Audit & NRC.

Grandma Trading & Agencies Limited (504369)

  • Resignation: Mr. Abhishek Ashar
  • Role: Whole-Time Director (WTD) & CFO (KMP)
  • Effective Date: 31-Jul-2026 (closure of month)
  • Context: Resigned “due to his involvement in other activities and pursue carrier outside the Company” (no other material reasons stated).

Synthiko Foils Ltd. / Belding India Limited (513307)

  • Resignation: Ms. Muskan Gurumukhdas Pinjani
  • Role: Company Secretary & Compliance Officer (KMP)
  • Effective Date: 05-Aug-2026 (close of business hours)
  • Context: Resigned “to pursue other professional aspirations.”

3. Board / Director Changes (Independent / Non-Executive / Additional)

Quick Heal Technologies Limited (QUICKHEAL)

  • Re-appointment: Mr. Richard Stiennon
  • Role: Non-Executive Independent Director
  • Effective Date: 27-Sep-2026
  • Context: Proposed re-appointment for second term of 5 years (to 26-Sep-2031), subject to shareholder approval.

Deep Health AI India Limited (539559)

  • Appointment: Mr. Bhupesh Swami
  • Role: Non-Executive Independent Director
  • Effective Date: 02-Jul-2026
  • Context: Appointed for 2 years (to 01-Jul-2028).
  • Appointment: Ms. Shashi Kala Dhabriya
  • Role: Non-Executive Independent Director
  • Effective Date: 20-Mar-2026
  • Context: Appointed for 5 years (to 19-Mar-2031).

E-Land Apparel Limited (532820)

  • Appointment: Mrs. Sandhiya Balamurgan
  • Role: Additional Non-Executive Independent Director
  • Effective Date: 30-Jul-2026
  • Context: Independent term for 5 years (to 29-Jul-2031), subject to shareholder approval.

Mallcom (India) Limited (MALLCOM)

  • Re-appointment: Mr. Himanshu Rai
  • Role: Independent Director
  • Effective Date: 09-Sep-2026
  • Context: Board approved re-appointment for 2nd term of 5 years (to 08-Sep-2031), subject to shareholder approval.

Kartik Investments Trust Limited (501151)

  • Re-appointment: Ms. Aparna S
  • Role: Independent Director
  • Effective Date: 27-Aug-2026
  • Context: Second term of 5 years (to 26-Aug-2031), subject to shareholder approval.

Silver Touch Technologies Limited (SILVERTUC)

  • Re-appointment: Mr. Piyushkumar Mithileshkumar Sinha
  • Role: Independent Director
  • Effective Date: 12-Aug-2026
  • Context: Second term of 5 years (to 11-Aug-2031), subject to shareholder approval.

Honda India Power Products Limited (HONDAPOWER)

  • Resignation: Mr. Vinay Mittal
  • Role: Whole-Time Director
  • Effective Date: 01-Sep-2026 (close of business hours)
  • Context: Resignation from Whole-Time Director role (CFO retirement also noted separately).

Deep Health AI India Limited (539559)

  • (Covered above under appointments; both are Independent Directors.)

KG Petrochem Limited (KGPETRO)

  • Appointment/Regularization: Mr. Anjal Kejriwal
  • Role: Non-Executive Independent Director
  • Effective Date: 27-May-2026 (regularization term start)
  • Context: Regularize appointment for 5 years (to 26-May-2031), subject to shareholder approval.

Prabha Energy Limited (PRABHA)

  • Re-appointment: Mr. Prem Singh Sawhney
  • Role: Executive Director
  • Effective Date: 20-Feb-2027
  • Context: Re-appointed for 3 years (to 19-Feb-2030), subject to shareholder approval.
  • Re-appointment: Mrs. Shaily Dedhia
  • Role: Independent Director
  • Effective Date: 27-Jun-2027
  • Context: Second term of 5 years (to 26-Jun-2032), subject to shareholder approval.

Sodhani Academy of Fintech Enablers Limited (SAFE)

  • Re-appointment: Ms. Priya Sodhani
  • Role: Director (liable to retire by rotation)
  • Effective Date: (Not specified; re-appointment approved subject to shareholder approval at AGM)
  • Context: Board approved re-appointment of Priya Sodhani as Director.

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

NMDC group (NMDC Limited & NMDC Steel Limited)

  • Simultaneous CS/Compliance Officer transition across two listed entities:
  • NMDC Limited: Pravin Shekhar resigned; Aniket Kulshreshtha appointed (both effective 30-Jul-2026).
  • NMDC Steel Limited: Aniket Kulshreshtha resigned; Paraj Kanti Saha appointed (both effective 30-Jul-2026).
  • Signal: Coordinated KMP movement within the same group on the same date.

Aarti Industries Limited

  • Clustered governance role changes effective 01-Oct-2026:
  • Promoter executive directors transitioning to Non-Executive roles while the CEO assumes MD on the same effective date (subject to shareholders’ approval).

5. Reappointments / Extensions (side notes)

  • Afcons Infrastructure Limited: Executive Chairman & MD re-appointed for 2 years (to 30-Jun-2028).
  • Banswara Syntex Limited: Chairman/VC/MD re-appointed for 3 years (to 31-Dec-2029).
  • Quick Heal Technologies: Independent director re-appointment proposed for 5 years (to 26-Sep-2031).
  • Mallcom (India): Independent director re-appointment for 5 years (to 08-Sep-2031), subject to shareholders.
  • Kartik Investments Trust: Independent director re-appointment for 5 years (to 26-Aug-2031), subject to shareholders.
  • Silver Touch Technologies: Independent director re-appointment for 5 years (to 11-Aug-2031), subject to shareholders.
  • Prabha Energy: Executive Director re-appointed for 3 years (to 19-Feb-2030); Independent director re-appointed for 5 years (to 26-Jun-2032), subject to shareholders.
  • KG Petrochem: MD/WTD/Chairman-cum-WTD re-appointments proposed for 3 years (to 31-Jul-2029), subject to AGM; Independent director regularization for 5 years (to 26-May-2031), subject to shareholders.