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Management Changes

CEO appointments and MD designation changes in last 24 hours

August 12, 2026 6 mins read Firehose Gupta

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

0. Critical Alerts (Highest Priority)

None found — no resignations “for cause” or with governance/ethical/mismanagement-type reasons were stated in the provided filings.


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

Chennai Meenakshi Multispeciality Hospital Ltd. (CMMH)

  • Change: Appointment (CEO)
  • Person: Dr Thanigai Vendan Moorrthy
  • Role: Chief Executive Officer (Non-Director capacity) / KMP
  • Effective Date: 11 Aug 2026
  • Context: Appointed for a term of 5 years (per Board approval; subject to stated terms).

SKF India (Industrial) Ltd. (SKFINDUS)

  • Change: Appointment (MD)
  • Person: Mr. Sujeeth Pai
  • Role: Managing Director
  • Effective Date: 1 Sep 2026 (designation change; Whole-Time Director ceases after 31 Aug 2026)
  • Context: Change in designation from Whole-Time Director to MD; subject to shareholder approval.

Concord Enviro Systems Ltd. (CEWATER)

  • Change: Re-appointment (MD)
  • Person: Mr. Prayas Goel
  • Role: Managing Director
  • Effective Date: 1 Apr 2027
  • Context: Re-appointed for a further term of 3 years (subject to shareholder approval).

P.H. Capital Ltd. (PHCAP)

  • Change: Appointment (Chairman)
  • Person: Mr. Nagendraa Parakh
  • Role: Chairman of the Board
  • Effective Date: 11 Aug 2026
  • Context: Appointment consequent to board reconstitution following change in control.

Wanbury Ltd. (WANBURY)

  • Change: Re-appointment (Whole-time Director)
  • Person: Mr. Mohan Kumar Rayana
  • Role: Whole-time Director
  • Effective Date: 21 Aug 2026
  • Context: Re-appointed for 5 years, subject to shareholder approval.

Zydus Lifesciences Ltd. (ZYDUSLIFE)

  • Change: Re-appointment (MD)
  • Person: Dr. Sharvil P. Patel
  • Role: Managing Director
  • Effective Date: 1 Apr 2027
  • Context: Shareholders approved re-appointment for 5 years (to 31 Mar 2032).

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

Concord Enviro Systems Ltd. (CEWATER)

  • Appointment: Mr. Shleshank Laheri as Chief Financial Officer (CFO) and KMP
  • Effective/Date stated: Board meeting held 11 Aug 2026 (appointment approved; annexure indicates “August 11, 2026”)

JNK India Ltd. (JNKINDIA)

  • Change: Senior Management Personnel changes (multiple)
  • Appointment/Designation: Designated as Senior Management Personnel w.e.f. 11 Aug 2026 (names shown in annexure)
  • Context: “Due to change in internal role and responsibilities” (no CEO/CFO/COO role specified)

Siemens Ltd. (SIEMENS)

  • Change: Senior management reshuffle within Digital Industries business
  • Cease: Mr. Swapnil Deosthali — ceases as Head of Digital Industries Business (effective 16 Aug 2026)
  • Appointment: Mr. Suprakash Chaudhuri — Interim Head of Digital Industries Business (effective 17 Aug 2026)
  • Cease: Ms. Sapna Rawat — ceases as Finance Head of Digital Industries Business (effective 16 Aug 2026, “further to her resignation”)
  • Appointment: Mr. Ashish Handa — Interim Finance Head (effective 17 Aug 2026)

Bajaj Finance Ltd. (BAJFINANCE)

  • Resignation: Mr. Amit Raghuvanshi
  • Role: President – Cars, Two-Wheeler & Sales Finance (Senior Management Personnel)
  • Effective Date: Close of business hours 11 Aug 2026
  • Context: Resignation (no additional cause stated beyond resignation letter).

Pavna Industries Ltd. (PAVNAIND)

  • Appointment: Mr. Soumya Sinha
  • Role: Deputy Chief Executive Officer – Export Business (Senior Management Personnel)
  • Effective Date: 11 Aug 2026
  • Context: Appointment as SMP (export business focus).

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

Sadbhav Infrastructure Project Ltd. (SADBHIN)

  • Appointment: Mr. Jaldeep Prakash Patel
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: 11 Aug 2026
  • Appointment: Mr. Ankit Kishorbhai Shah
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: 11 Aug 2026
  • Context: Appointed as Additional Independent Directors; term to hold office up to ensuing General Meeting (subject to shareholder approval for longer term).

Ashiana Housing Ltd. (ASHIANA)

  • Re-appointment: Mr. Krishna Suraj Moraje
  • Role: Independent Director
  • Effective Date: Board approval on 11 Aug 2026 (term of 5 years; subject to shareholder approval)

Bharat Agri Fert & Realty Ltd. (BHARATAGRI)

  • Re-appointment: Mr. Kalpesh Chandrakant Shah
  • Role: Non-Executive Independent Director
  • Effective Date: 31 Mar 2027 (second term; subject to shareholder approval)
  • Re-appointment: Mr. Hemant Nandkishor Bataviya
  • Role: Non-Executive Independent Director
  • Effective Date: 31 Mar 2027 (second term; subject to shareholder approval)

Chennai Meenakshi Multispeciality Hospital Ltd. (CMMH)

  • Appointment: Mr. A F Simeon Telfer — Additional Director (Non-Executive Independent)
  • Effective Date: 11 Aug 2026
  • Appointment: Mr. R V Ramanuja Bharathi — Additional Director (Non-Executive Independent)
  • Effective Date: 11 Aug 2026 (subject to shareholder approval)
  • Appointment: Ms. Sindu Chawla — Additional Director (Non-Executive Independent)
  • Effective Date: 11 Aug 2026 (subject to shareholder approval)

SKF India (Industrial) Ltd. (SKFINDUS)

  • Appointment: Mr. Mukund Vasudevan
  • Role: Non-executive, Non-Independent Director
  • Effective Date: 1 Sep 2026 (subject to shareholder approval)
  • Appointment: Mr. Sujeeth Pai (board role change to MD already captured above)

Concord Enviro Systems Ltd. (CEWATER)

  • Re-appointment: Mr. Prakash Shah — Independent Director (second term; subject to shareholder approval)
  • Re-appointment: Ms. Kamal Shanbhag — Independent Director (second term; subject to shareholder approval)
  • Re-appointment: Mr. Shiraz Bugwadia — Independent Director (second term; subject to shareholder approval)

AXISCADES Technologies Ltd. (AXISCADES)

  • Resignation: Mrs. Mariam Mathew
  • Role: Non-Executive Independent Director
  • Effective Date: Close of business hours, 11 Aug 2026
  • Reason stated: “increased family commitments”
  • Appointment: Ms. Ashmita Sethi
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: 11 Aug 2026 (subject to shareholder approval)

GSP Crop Science Ltd. (GSPCROP)

  • Appointment: Mr. Narayanan Pulukhool Nair
  • Role: Non-Executive Independent Director
  • Effective Date: 11 Aug 2026 (subject to shareholder approval)
  • Resignation: Mr. Nakul Jayesh Sharedalal
  • Role: Independent Director
  • Effective Date: 11 Aug 2026
  • Reason stated: “preoccupation of other professional assignments”

ACI Infocom Ltd. (ACIINFOCOM)

  • Resignation: Mr. Hemantkumar S Jain — Independent Director
  • Effective Date: 14 Aug 2026
  • Resignation: Mrs. Krishna Kamalkishore Vyas — Independent Director
  • Effective Date: 14 Aug 2026
  • Reason stated: Not specified in the provided text (resignation letters referenced as enclosed).

Cybele Industries Ltd. (CYBELEIND)

  • Appointment: Mr. S Muralikrishna
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: 11 Aug 2026 (subject to shareholder approval)

P.H. Capital Ltd. (PHCAP)

  • Appointment/Regularization (subject to shareholder approval):
  • Mr. Aditya Himmat Bhansali — Director & Whole-time Director (w.e.f. 5 Aug 2026)
  • Ms. Disha Singhvi — Director & Whole-time Director (w.e.f. 5 Aug 2026)
  • Mr. Nagendraa Parakh — Independent Director (w.e.f. 5 Aug 2026)

SKF India (Industrial) Ltd. (SKFINDUS)

  • Appointment: Mr. Mukund Vasudevan (board appointment captured above)

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

SKF India (Industrial) Ltd. (SKFINDUS)

  • Clustered board/leadership moves:
  • MD designation change for Sujeeth Pai (effective 1 Sep 2026)
  • Mukund Vasudevan resigns as Managing Director (effective close of 31 Aug 2026) and is appointed as Non-executive, Non-Independent Director (from 1 Sep 2026)
  • Indicates a coordinated transition of top leadership roles within the same timeframe.

GSP Crop Science Ltd. (GSPCROP)

  • Simultaneous independent director changes:
  • Resignation of Nakul Jayesh Sharedalal (effective 11 Aug 2026)
  • Appointment of Narayanan Pulukhool Nair as Independent Director (effective 11 Aug 2026; shareholder approval pending)

Chennai Meenakshi Multispeciality Hospital Ltd. (CMMH)

  • Board expansion + CEO appointment in same meeting:
  • CEO appointment plus three Independent Director appointments and committee reconstitution, all approved on 11 Aug 2026.

5. Reappointments / Extensions (Side Notes)

Ashiana Housing Ltd. (ASHIANA)

  • Re-appointment: Independent Director Krishna Suraj Moraje for 5 years (subject to shareholder approval).

Bharat Agri Fert & Realty Ltd. (BHARATAGRI)

  • Re-appointments: Independent Directors Kalpesh Chandrakant Shah and Hemant Nandkishor Bataviya for second 5-year terms (subject to shareholder approval).

Concord Enviro Systems Ltd. (CEWATER)

  • Re-appointment: Managing Director Prayas Goel for 3 years (subject to shareholder approval).
  • Re-appointments: Independent Directors (second terms) subject to shareholder approval.

Zydus Lifesciences Ltd. (ZYDUSLIFE)

  • Re-appointment: MD Dr. Sharvil P. Patel for 5 years (shareholders approved).

Wanbury Ltd. (WANBURY)

  • Re-appointment: Whole-time Director Mohan Kumar Rayana for 5 years (subject to shareholder approval).

Cybele Industries Ltd. (CYBELEIND)

  • Committee reconstitution approved (board composition/committee changes; no CEO/CFO/MD change stated).

If you want, I can also provide a one-page “changes table” (Company → Role → Person → Effective date) for faster internal scanning.