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Management Changes

Chairman shake-ups: IKS, Allcargo, Monte Carlo

August 6, 2026 4 mins read Firehose Gupta

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

0. Critical Alerts (Resignation “for cause”)

No filings in the provided set contained a resignation explicitly “for cause” with governance/ethics/mismanagement-type reasons.


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

Inventurus Knowledge Solutions Limited (IKS)

  • Change: Resignation (Non-Executive Chairman & Non-Independent Director)
  • Person: Mr. Berjis Desai (DIN: 00153675)
  • Role: Non-Executive Chairman & Non-Independent Director
  • Effective Date: Upon conclusion of the ensuing 20th AGM (term cessation stated as Sept 21, 2026)
  • Context: He expressed unwillingness to seek re-appointment due to appointment as Member, National Commission for Minorities (Govt. of India).

  • Change: Appointment / Designation

  • Person: Mr. Clarence Carleton King II (DIN: 08171208)
  • Role: Non-Executive Chairman & Independent Director
  • Effective Date: Upon conclusion of the ensuing 20th AGM (Sept 21, 2026)
  • Context: Board designated him consequent to Mr. Desai’s retirement.

Allcargo Logistics Limited (ALLCARGO)

  • Change: Resignation (Chairman)
  • Person: Mr. Shashi Kiran Shetty (DIN: 00012754)
  • Role: Director & Chairman
  • Effective Date: Aug 5, 2026 (upon closure of business hours)
  • Context: Resignation from Director and Chairman “due to his other commitments”.

  • Change: Appointment

  • Person: Mr. Dinesh Kumar Lal (DIN: 00037142)
  • Role: Chairman (Board)
  • Effective Date: Aug 5, 2026
  • Context: Board approved appointment as Chairman.

Monte Carlo Fashions Limited (MONTECARLO)

  • Change: Re-appointment
  • Person: Sh. Jawahar Lal Oswal (DIN: 00463866)
  • Role: Chairman & Managing Director (CMD)
  • Effective Date: Aug 10, 2026 (subject to shareholder approval)
  • Context: Re-appointed for a further 5 years (w.e.f. 10.08.2026 to 09.08.2031).

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

SBI Funds Management Limited (SBIFUNDS)

  • Appointment: Mr. Manish Mehta — Chief Business Officer (CBO)
  • Effective Date: Aug 5, 2026

Sudarshan Colorants India Limited (SUDARCOLOR)

  • Appointment: Mr. Vijayant — India Legal Head (Senior Management Personnel)
  • Effective Date: Aug 5, 2026

All Time Plastics Limited (ALLTIME)

  • Appointment (Senior Management classification): Mr. Akshay Shah — Head – Supply Chain (relative of MD)
  • Effective Date: Aug 5, 2026
  • Appointment (Senior Management classification): Mr. Dhvanit Shah — Strategic Business Head (relative of MD)
  • Effective Date: Aug 5, 2026

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

P.H. Capital Limited (500143)

  • Appointment: Mr. Aditya Himmat Bhansali (DIN: 03184474) — Additional Whole-time Director & Designated Director
  • Effective Date: Aug 5, 2026
  • Appointment: Ms. Disha Singhvi (DIN: 11751597) — Additional Executive Director & Designated Director
  • Effective Date: Aug 5, 2026
  • Appointment: Mr. Nagendraa Parakh (DIN: 10177336) — Additional Non-Executive Independent Director
  • Effective Date: Aug 5, 2026
  • Resignation: Mr. Rikeen Dalal (DIN: 01723446) — Whole-time Director
  • Effective Date: Aug 5, 2026
  • Resignation: Ms. Sejal Rikeen Dalal (DIN: 01723369) — Non-Executive Director
  • Effective Date: Aug 5, 2026

Pearl Global Industries Limited (PGIL)

  • Appointment: Major General Sandeep Vohra (Retd.) (DIN: 11824360) — Additional Director in capacity of Whole-Time Director
  • Effective Date: Aug 5, 2026 (for 3 years, subject to shareholders’ approval)

Time Technoplast Limited (TIMETECHNO)

  • Appointment: Mr. Devendra Jitendra Shah (DIN: 03095028) — Additional Non-Executive Independent Director
  • Effective Date: Aug 5, 2026 (first term 5 years, subject to AGM approval)
  • Appointment: Mrs. Hema Rajendra Gaitonde (DIN: 11835462) — Additional Non-Executive Independent Director
  • Effective Date: Aug 5, 2026 (first term 5 years, subject to AGM approval)

KJMC Financial Services Limited (KJMCFIN)

  • Appointment: Mr. Ramesh Chandra Jain (DIN: 00960613) — Independent Director
  • Effective Date: Aug 10, 2026 (first term 5 years, subject to shareholders’ approval)
  • Re-appointment: Mr. Shyam Ramsharan Khandelwal (DIN: 05147157) — Independent Director
  • Effective Date: Aug 10, 2026 (second term 5 years, subject to shareholders’ approval)
  • Re-appointment: Mr. Rajnesh Jain (DIN: 00151988) — Whole-Time Director
  • Effective Date: Aug 11, 2026 (further 3 years, subject to shareholders’ approval)
  • Note: Board also reconstituted Audit Committee / Nomination & Remuneration Committee with effect from these dates.

Menon Pistons Limited (531727)

  • Regularization (shareholders approved):
  • Appointment: Mr. Gurudas Kamalakar Chorage (DIN: 07233826) — Independent Director
    • Original effective date: Jun 18, 2026; regularized at 49th AGM (Aug 5, 2026)
  • Appointment: Ms. Nivedita Sachin Menon (DIN: 11771942) — Executive Director
    • Original effective date: Jun 18, 2026; regularized at 49th AGM (Aug 5, 2026)

Susan Electricals India Limited (SUSAN)

  • Resignation: Mr. Manoj Kumar (DIN: 08332775) — Non-Executive Director
  • Effective Date: Aug 5, 2026 (close of business hours)
  • Context: Resignation letter cites personal reasons (no additional “for cause” detail provided).

Rollatainers Limited (502448)

  • Appointment: Mr. Sunil Kumar Sharma (DIN: 05305281) — Additional Director (Executive) & Managing Director
  • Effective Date: Aug 5, 2026 (subject to shareholders’ approval; term stated as 5 years)

Pashupati Cotspin Limited (PASHUPATI)

  • Resignation: Ms. Tanvi Mafatlal Patel (ACS: 58543) — Company Secretary & Compliance Officer (KMP)
  • Effective Date: Aug 5, 2026 (close of business hours)
  • Appointment: Ms. Kratika Soni (ICSI A80404) — Whole-Time Company Secretary & Compliance Officer (KMP)
  • Effective Date: Aug 5, 2026

Time Technoplast / Others (non-core)

  • No other independent/NED/Additional director changes in the provided set beyond those listed above.

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

P.H. Capital Limited (500143)

  • Clustered board reshuffle on the same effective date (Aug 5, 2026):
  • 3 appointments (Aditya Bhansali, Disha Singhvi, Nagendraa Parakh) and
  • 2 resignations (Rikeen Dalal, Sejal Rikeen Dalal)
  • plus committee reconstitution effective the same day.

5. Reappointments / Extensions (side notes)

Monte Carlo Fashions Limited (MONTECARLO)

  • Re-appointment (CMD): Jawahar Lal Oswal — Chairman & Managing Director for 5 years (w.e.f. Aug 10, 2026; subject to shareholder approval).
  • Re-appointment (Executive Directors): Ruchika Oswal, Monica Oswal — Executive Directors for 5 years (w.e.f. Aug 10, 2026; subject to shareholder approval).
  • Re-appointment (Independent Directors): Manikant Prasad Singh and Parvinder Singh Pruthi — second term of 5 years (w.e.f. Feb 1, 2027; subject to shareholder approval).

Vikram Solar Limited (VIKRAMSOLR)

  • AGM approvals (voting results filing):
  • Re-appointment of Mr. Sameer Nagpal as Whole-Time Director & CEO (approved at AGM; effective w.e.f. Aug 7, 2026 per annexure).
  • Re-appointment of Mr. Gyanesh Chaudhary as Chairman & MD (approved; effective w.e.f. Sep 28, 2026 per annexure).
  • Re-appointment of Ms. Ratnabali Kakkar as Non-Executive Independent Director (approved; effective w.e.f. Dec 12, 2026 per annexure).

If you want, I can also provide a one-page tabular view (Company | Role | Person | Action | Effective date) for faster internal scanning.