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Management Changes

Universal Cables swaps CFO; JSW Steel exits plant president

August 8, 2026 4 mins read Firehose Gupta

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

0. Critical Alerts (Resignation “for cause”)

No “for cause” resignations were explicitly stated in the provided filings.


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

JSW Steel Limited (500228)

  • Change: Resignation (Senior Management; not CEO/CFO/COO/Chairman/MD)
  • Person: Mr. Ashish Chandra
  • Role: President – Dolvi, Salav & Anjar Works
  • Effective Date: Ceased to be Senior Management effective Aug 7, 2026; last working day Aug 31, 2026 (close of business hours)
  • Context: Resignation from services “due to personal reasons and to pursue career opportunities outside JSW Group.”

Universal Cables Limited (504212)

  • Change: Appointment (CFO)
  • Person: Shri Nishant P. Saigal
  • Role: Chief Financial Officer (CFO)
  • Effective Date: 21 Oct 2026
  • Context: Appointment “in place of Shri Gopal Agarwal”.

Universal Cables Limited (504212)

  • Change: Resignation (CFO)
  • Person: Shri Gopal Agarwal
  • Role: Chief Financial Officer (CFO)
  • Effective Date: 30 Sep 2026 (close of business hours)
  • Context: Resignation tendered; Board “taken note” on 7 Aug 2026.

Lemon Tree Hotels Limited (541233)

  • Change: Appointment (Chairman)
  • Person: Mr. Patanjali Govind Keswani
  • Role: Chairman and Non-Executive Director
  • Effective Date: 1 Apr 2027
  • Context: Board approved appointment “upon completion of his current tenure… on March 31, 2027” as part of succession plan.

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

JSW Steel Limited (500228)

  • Appointment: Mr. P P Varma — Executive Vice President & Plant Head (Dolvi, Salav & Anjar)
  • Effective Date: 7 Aug 2026
  • Appointment: Mr. S M Kumar — Sr. Vice President, Plant Head (Salem)
  • Effective Date: 7 Aug 2026
  • Resignation/Cessation: Mr. Ashish Chandra — President (Dolvi, Salav & Anjar Works)
  • Effective Date: 7 Aug 2026 (Senior Management); relieved by 31 Aug 2026
  • Transition/Appointment: Mr. B N S Prakash Rao — Plant Head (Salem Works) → Head – Centre of Excellence for Alloy Steel
  • Effective Date: 7 Aug 2026

Nitco Limited (532722)

  • Resignation: Mr. Amit Dhawan — Senior Advisor & Consulting Partner (Senior Managerial Personnel)
  • Effective Date: close of business hours, 7 Aug 2026
  • Context: Resignation “due to personal commitments.”

Excelsoft Technologies Limited (544617)

  • Appointment: Mr. Poonacha Paruvangada Appaiah — CFO & KMP
  • Effective Date: 7 Aug 2026

India Nippon Electricals Limited (532240)

  • Resignation/Cessation (CFO role): Mr. Elango Srinivasan — CFO
  • Effective Date: 30 Sep 2026 (close of business hours)
  • Appointment/Change in designation: Mr. Elango Srinivasan — Special Projects Head – Finance
  • Effective Date: 1 Oct 2026
  • Appointment: Mr. Saravana Kumar M — CFO & Senior Management Personnel
  • Effective Date: 1 Oct 2026

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

Powerica Limited (544744)

  • Re-appointment: Ms. Renu Naresh Oberoi — Whole-time Director
  • Effective Date: 1 Apr 2027
  • Re-appointment: Mr. Pradeep Gupta — Whole-time Director
  • Effective Date: 1 Apr 2027
  • Re-appointment: Mr. Udaya Jena — Independent Director (2nd term)
  • Effective Date: 24 Jun 2027
  • Re-appointment: Mr. Sunil Lobo — Independent Director (2nd term)
  • Effective Date: 27 Jun 2027
  • Appointment: Mr. Maheswar Sahu — Additional Director (Non-Executive, Non-Independent)
  • Effective Date: 7 Aug 2026

Kaya Limited (539276)

  • Re-appointment: Ms. Vasuta Agarwal — Independent Director (2nd term)
  • Effective Date/Term: 3 Aug 2026 to 2 Aug 2031 (approved at AGM on 7 Aug 2026)

PNB Gilts Limited (532366)

  • Resignation: Mr. Bibhu Prasad Mahapatra — Chairman (Non-Executive, Non-Independent) & Director
  • Effective Date: immediate effect (close of business hours), 7 Aug 2026
  • Context: Resignation “on account of receipt of permission… for nominating Sh. Amit Kumar Srivastava… as a Non-Executive Non-Independent Director.”

Aarti Pharmalabs Limited (543748)

  • Resignation: Mr. Rajendra Vallabhaji Gogri — Non-Executive Director
  • Effective Date: Continues till ensuing AGM (close of business hours); not offering for re-appointment
  • Context:due to personal goals and other commitments.”

Keltech Energies Limited (not provided as a ticker in filing excerpt)

  • Re-appointment: Mr. Santosh Laxmanrao Chowgule — Executive Director & Vice-Chairperson
  • Effective Date: 7 Aug 2026
  • Re-appointment: Mr. Vijay Vishwasrao Chowgule — Non-Executive, Non-Independent Director
  • Effective Date: 7 Aug 2026

Deccan Gold Mines Limited (512068)

  • Appointment: Ms. Jade Gemma Devenish — Director (Non-Executive, Non-Independent)
  • Effective Date: 7 Aug 2026 (regularisation pending shareholder approval)

Bharat Wire Ropes Limited (539799)

  • Re-appointment: Mr. Sushil Sharda — Whole-Time Director
  • Effective Date: 19 May 2027 (re-appointment approved on 7 Aug 2026, subject to shareholder approval)
  • Term: 5 years (to 18 May 2032)

Quint Digital Limited (539515)

  • Board-level change (internal auditor): Appointment of Internal Auditor (not a director role)
  • Not included in director section (kept here only as context: replaced internal auditor)

4. Notable Company-Specific Situations

Powerica Limited (544744)

  • Clustered board actions on the same date: multiple director re-appointments (Whole-time + Independent) plus an Additional Director appointment, all approved at the same board meeting (7 Aug 2026).

Universal Cables Limited (504212)

  • CFO transition scheduled: CFO resignation effective 30 Sep 2026 with successor appointment effective 21 Oct 2026 (overlapping transition window).

5. Reappointments / Extensions (Side Notes)

Powerica Limited (544744)

  • Re-appointments of Independent Directors (Udaya Jena; Sunil Lobo) and Whole-time Directors (Renu Naresh Oberoi; Pradeep Gupta) for multi-year terms starting Apr/Jun 2027.

Kaya Limited (539276)

  • Re-appointment of Independent Director Ms. Vasuta Agarwal for 5 years from 3 Aug 2026.

Lemon Tree Hotels Limited (541233)

  • Chairman role changes from Executive Chairman to Non-Executive Chairman effective 1 Apr 2027 (succession plan).