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Management Changes

Global Surfaces reshuffles CFO roles on 10 Aug 2026

August 11, 2026 7 mins read Firehose Gupta

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

0. Critical Alerts (for-cause resignations)

No filings in the provided set contained a resignation “for cause” with governance/ethical/mismanagement-type reasons. (All cited reasons were personal/retirement/role changes or similar.)


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

Revathi Equipment India Limited (BSE: 544246)

  • Change: Appointment (CFO)
  • Person: Mr. Mahesh Gupta
  • Role: Chief Financial Officer (CFO) & Key Managerial Personnel
  • Effective Date: 10 Aug 2026
  • Context: Board appointment based on recommendations of Nomination & Remuneration Committee and Audit Committee.

Global Surfaces Limited (BSE: 543829)

  • Change: Resignation/cessation (CFO additional charge) + Appointment (CFO)
  • Person: Mr. Mayank Shah
  • Role: Chief Financial Officer (additional charge)
  • Effective Date: Close of business hours on 10 Aug 2026
  • Context: Relinquishment of additional CFO charge to ensure separation of roles (Chairman & MD vs CFO).
  • Person: Mr. Ashish Agarwal
  • Role: Chief Financial Officer (CFO) (KMP)
  • Effective Date: 11 Aug 2026
  • Context: Appointment as full-time CFO on recommendation of NRC and Audit Committee.

Global Surfaces Limited (BSE: 543829)

  • Change: Re-appointment (MD/Chairman role)
  • Person: Mr. Mayank Shah
  • Role: Chairman & Managing Director
  • Effective Date: Continues; CFO additional charge ceased on 10 Aug 2026
  • Context: Filing notes he continues as Chairman & MD.

Ramky Infrastructure Limited (BSE: 533262)

  • Change: Re-appointment (MD)
  • Person: Mr. Yancharla Rathnakara Nagaraja
  • Role: Managing Director
  • Effective Date: 01 Apr 2027
  • Context: Re-appointment for 5 years, subject to shareholder approval.

Valiant Laboratories Limited (BSE: 543998)

  • Change: Re-appointment (MD)
  • Person: Mr. Santosh Vora
  • Role: Managing Director
  • Effective Date: 06 Feb 2027
  • Context: Re-appointment for 5 years, subject to shareholder approval (Special Resolution).

Asian Hotels (North) Limited (BSE: 500023)

  • Change: Re-appointment (Whole-time Director designated as Executive Director)
  • Person: Mr. Krishna Kumar Acharya
  • Role: Whole-time Director designated as Executive Director
  • Effective Date: 12 Aug 2026 to 11 Aug 2028 (term stated)
  • Context: Re-appointment for 2 years, subject to shareholder approval within 3 months.

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

Revathi Equipment India Limited (BSE: 544246)

  • Resignation (Senior Management Personnel cessation): Mr. B. Srinivasan
  • Role: Vice President (Operations)
  • Effective Date: Close of business hours on 14 Sep 2026
  • Context: Resignation dated 17 Jul 2026; reason stated as “personal reasons / pre-occupation and other personal commitments”.
  • Retirement (cessation): Mr. S. Balasundaram
  • Role: VP – Marketing (PSU) & Quality Control
  • Effective Date: Close of business hours on 10 Aug 2026
  • Context: Cessation due to retirement.

Global Surfaces Limited (BSE: 543829)

  • Appointment: Mr. L. N. Bakshi
  • Role: Vice President – Sales & Marketing (designated as Senior Management Personnel)
  • Effective Date: 10 Aug 2026
  • Context: Designated as Senior Management Personnel under Regulation 16(1)(d).

Choice International Limited (BSE: 531358)

  • Resignation: Mr. Manoj Singhania
  • Role: CFO & KMP
  • Effective Date: Close of business hours on 10 Aug 2026
  • Context: Resignation due to taking over other responsibilities within the Group.
  • Appointment: Mr. Ayush Sharma
  • Role: CFO & KMP
  • Effective Date: 10 Aug 2026
  • Context: Board appointment on recommendations of NRC and Audit Committee.

Bandhan Bank Limited (BSE: 541153)

  • Resignation (senior executive): Mr. Prakash E
  • Role: Chief of Internal Vigilance (Interim)
  • Effective Date: Resignation tendered 10 Aug 2026; last working day stated as 07 Nov 2026
  • Context: Resignation due to personal reasons (interim role).

Yaan Enterprises Limited (BSE: 538521)

  • Appointment: Ms. Sakshi Daga
  • Role: Company Secretary & Compliance Officer
  • Effective Date: 10 Aug 2026
  • Context: Board appointment; also acts as authorized official for materiality/disclosure under Reg 30(5).

Caprihans India Limited (BSE: 509486)

  • Resignation (board committee member impact): Mr. Avinash S. Joshi
  • Role: Independent Director (also stepped down from Audit Committee chairmanship and committee memberships)
  • Effective Date: Close of business hours on 10 Aug 2026
  • Context: Resignation as Independent Director; reason stated as “personal reasons” (no other material reasons).

Advit Jewels Limited (BSE: 544803)

  • Resignation: Mr. Krishna Vardhan Gilara
  • Role: Non-Executive Non-Independent Director
  • Effective Date: 10 Aug 2026
  • Context: Resigned “consequent to” appointment as Senior Management Personnel (Chief Expansion Officer).
  • Appointment: Mr. Krishna Vardhan Gilara
  • Role: Chief Expansion Officer (Senior Management Personnel)
  • Effective Date: 10 Aug 2026
  • Context: Appointment as SMP to drive expansion strategy.
  • Appointment: Mr. Abhishek Gilara
  • Role: Joint Managing Director (also Additional Director)
  • Effective Date: 10 Aug 2026
  • Context: Appointment for 5 years, subject to shareholder approval.
  • Designation change: Mr. Vipul Gilara
  • Role: Whole-time Director & Chief Executive Officer
  • Effective Date: 10 Aug 2026
  • Context: Change in designation.

Maxgrow India Limited (BSE: 521167)

  • Resignation: Ms. Pooja Pravin Keer
  • Role: Independent Director
  • Effective Date: 10 Aug 2026
  • Context: Resignation to pursue other professional opportunities.
  • Resignation: Mr. Rakesh Guda
  • Role: Non-Executive Director
  • Effective Date: 10 Aug 2026
  • Context: Resignation to pursue other professional opportunities.

Revathi Equipment India Limited (BSE: 544246)

  • Appointment (CFO already covered above)

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

Caprihans India Limited (BSE: 509486)

  • Resignation: Mr. Avinash S. Joshi
  • Role: Independent Director
  • Effective Date: Close of business hours on 10 Aug 2026
  • Context: Resignation; reason stated as personal reasons; also stepped down from Audit Committee chairmanship and memberships.

Global Surfaces Limited (BSE: 543829)

  • Re-appointment: Mrs. Sweta Shah
  • Role: Whole-time Director
  • Effective Date: 11 Sep 2026 to 10 Sep 2029
  • Context: Re-appointment for 3 years, subject to shareholder approval.
  • Re-appointment: Dr. Chandan Chowdhury
  • Role: Independent Director (2nd term)
  • Effective Date: 26 Oct 2026 to 25 Oct 2028
  • Context: Re-appointment for 2 years, subject to shareholder approval (Special Resolution).
  • Re-appointment (statutory auditors covered separately; director reappointments above).

Ramky Infrastructure Limited (BSE: 533262)

  • Re-appointment: Dr. Anantapuram Guggela Ravindranath Reddy
  • Role: Non-Executive Director (liable to retire by rotation)
  • Effective Date: (as per filing; re-appointment recommended for approval at AGM)
  • Context: Re-appointment as Non-Executive Director.
  • Re-appointment: Mr. Eshwar Reddy Purmandla
  • Role: Independent Director
  • Effective Date: 09 Nov 2026
  • Context: Re-appointment for 5 years, subject to shareholder approval.
  • Re-appointment: Mr. Yancharla Rathnakara Nagaraja
  • Role: Managing Director (covered in Key Leadership section)

GHV Infra Projects Limited (BSE: 505504)

  • Appointment: Mr. Swarup Dasgupta
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: 10 Aug 2026
  • Context: 5-year term to 09 Aug 2031; subject to shareholder approval at AGM.
  • Appointment: Mr. Manoj Aggarwal
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: 10 Aug 2026
  • Context: 5-year term to 09 Aug 2031; subject to shareholder approval at AGM.
  • Appointment: Mr. Dhanraj Onduji Tawade
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: 10 Aug 2026
  • Context: 5-year term to 09 Aug 2031; subject to shareholder approval at AGM.

Vibrant Global Capital Limited (BSE: 538732)

  • Appointment: Mrs. Chhaya Ambrish Kapadia
  • Role: Non-Executive Independent Director (Additional)
  • Effective Date: 10 Aug 2026
  • Context: 5-year term; subject to shareholder approval (AGM/Postal ballot).
  • Cessation/Resignation noted: Mrs. Khushboo Anish Pasari
  • Role: Independent Director
  • Effective Date: Close of business hours on 10 Aug 2026
  • Context: Cessation due to completion of two consecutive terms.

Euro Pratik Sales Limited (BSE: 544519)

  • Appointment: Mr. Manish Sacheti
  • Role: Non-Executive Independent Director
  • Effective Date: 10 Aug 2026
  • Context: 5-year term; subject to shareholder approval (Special Resolution).

Valiant Laboratories Limited (BSE: 543998)

  • Re-appointment: Mrs. Sonal Vira
  • Role: Independent Director
  • Effective Date: 16 Feb 2027
  • Context: Second term of 5 years; subject to shareholder approval (Special Resolution).
  • Continuation: Mr. Shantilal Vora
  • Role: Non-Executive Non-Independent Director
  • Effective Date: 05 Nov 2027
  • Context: Continuation upon attaining age of 75; subject to shareholder approval (Special Resolution).

VSF Projects Limited (BSE: 519331)

  • Re-appointment: Mr. Ramesh Babu Nemani
  • Role: Independent Director
  • Effective Date: 15 Nov 2026 to 14 Nov 2031
  • Context: Second term; subject to shareholder approval (Special Resolution).
  • Re-appointment: Mr. Sriramshetty Srinivasa Rao
  • Role: Independent Director
  • Effective Date: 15 Nov 2026 to 14 Nov 2031
  • Context: Second term; subject to shareholder approval (Special Resolution).

Ovobel Foods Limited (BSE: 530741)

  • Appointment: Mr. Mysore Narayana Sreedhara
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: 10 Aug 2026
  • Context: 5-year term; subject to shareholder approval.

United Drilling Tools Limited (BSE: 522014)

  • No director changes (cost auditor appointment only; excluded from director section)

KSH International Limited (BSE: 544664)

  • No director changes (auditor appointments only; excluded from director section)

Advit Jewels Limited (BSE: 544803)

  • Resignation: Mr. Krishna Vardhan Gilara (Non-Executive Non-Independent Director)
  • Effective Date: 10 Aug 2026
  • Context: Resigned due to appointment as SMP.
  • Appointment: Mr. Abhishek Gilara
  • Role: Additional Director & Joint Managing Director
  • Effective Date: 10 Aug 2026
  • Context: 5-year term; subject to shareholder approval.
  • Designation change: Mr. Vipul Gilara to CEO (board role continues as WTD)

Advit Jewels Limited (BSE: 544803)

  • Re-appointment (subject to shareholder approval): Mr. Prateek Gilara
  • Role: Whole-time Director
  • Effective Date: 10 Aug 2026 (as per filing; subject to AGM approval)

Asian Hotels (North) Limited (BSE: 500023)

  • Re-appointment: Mr. Krishna Kumar Acharya
  • Role: Whole-time Director designated as Executive Director
  • Effective Date: 12 Aug 2026 to 11 Aug 2028
  • Context: Subject to shareholder approval within 3 months.

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

Revathi Equipment India Limited (BSE: 544246)

  • Cluster: Two senior management cessations in close proximity:
  • VP (Operations) resignation effective 14 Sep 2026
  • VP (Marketing & QC) retirement effective 10 Aug 2026

Maxgrow India Limited (BSE: 521167)

  • Cluster: Two director resignations on the same date (10 Aug 2026):
  • Independent Director (Pooja Pravin Keer)
  • Non-Executive Director (Rakesh Guda)

Caprihans India Limited (BSE: 509486)

  • Cluster: Independent Director resignation on 10 Aug 2026 with immediate committee stepping-down (Audit Committee chairmanship and memberships) and subsequent committee re-composition effective 11 Aug 2026.

Choice International Limited (BSE: 531358)

  • Cluster: CFO transition on 10 Aug 2026:
  • CFO resignation (Manoj Singhania) and
  • CFO appointment (Ayush Sharma) same day.

5. Reappointments / Extensions (side notes)

(Only where explicitly stated in filings above.)
Global Surfaces Limited: Re-appointment of Whole-time Director (Sweta Shah) and Independent Director (Dr. Chandan Chowdhury).
Ramky Infrastructure Limited: Re-appointment of MD (Yancharla Rathnakara Nagaraja) and Independent Director (Eshwar Reddy Purmandla).
Valiant Laboratories Limited: Re-appointment of MD (Santosh Vora) and Independent Director (Sonal Vira); continuation of Shantilal Vora.
VSF Projects Limited: Re-appointment of two Independent Directors for second terms.
Asian Hotels (North) Limited: Re-appointment of Executive Director (Krishna Kumar Acharya) for 2 years.