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Management Changes

Managing Director reshuffles at Ortin Global and Tejassvi Aaharam

September 8, 2026 6 mins read Firehose Gupta

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

0. Critical Alerts (for-cause resignations)

No filings in the provided set explicitly cite “for cause”/governance/ethical/mismanagement-type reasons for resignations.


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

Capital India Finance Limited (CIFL)

  • Change: Resignation (KMP)
  • Person: Mr. Sulabh Kaushal
  • Role: Chief Compliance Officer & Company Secretary (KMP)
  • Effective Date: Close of business hours, 07-Sep-2026
  • Context: Resigned to pursue his own professional venture.

Ortin Global Limited (ORTINGLOBE)

  • Change: Appointment / Designation change (MD)
  • Person: Mr. Prakash Prashanth Sawant
  • Role: Managing Director
  • Effective Date: 07-Sep-2026 (to 06-Sep-2029, subject to member approval)
  • Context: Board approved change from Whole-time Director to Managing Director.

  • Change: Designation change (MD → Non-Executive)

  • Person: Mr. Murali Krishna Murthy Sanka
  • Role: Non-Executive Director
  • Effective Date: 07-Sep-2026 (subject to member approval)
  • Context: Board approved change from Managing Director to Non-Executive Director.

Ajax Engineering Limited (AJAXENGG)

  • Change: Resignation (CFO)
  • Person: Mr. Ketan Pendse
  • Role: Chief Financial Officer & KMP
  • Effective Date: Close of business hours, 07-Sep-2026
  • Context: Resigned due to personal reasons.

Anupam Rasayan India Limited (ANURAS)

  • Change: Appointment (CFO-adjacent)
  • Person: Ms. Hetvi Vyas
  • Role: Deputy Chief Financial Officer & KMP
  • Effective Date: 08-Sep-2026
  • Context: Board approved appointment as Deputy CFO & KMP.

Cranes Software International Limited (CRANES)

  • Change: Re-appointment
  • Person: Mr. Asif Khader
  • Role: Managing Director & Chairman
  • Effective Date: Re-appointment approved for a further 5-year term (subject to member approval)
  • Context: Board approved re-appointment proposal.

Kirloskar Brothers Limited (KIRLOSBROS)

  • Change: Appointment
  • Person: Dr. Madhuri Kanitkar
  • Role: Additional Director (Independent Woman Director)
  • Effective Date: 15-Sep-2026 (subject to shareholder approval)
  • Context: Board circular resolution; appointment as Additional Independent Director.

Senthil Infotek Limited (SENTHILINF)

  • Change: Designation change (MD)
  • Person: Mr. Sunkara Srivatsava
  • Role: Joint Managing Director
  • Effective Date: 05-Sep-2026 (subject to shareholder approval; 3 years)
  • Context: Board approved change from Non-Executive Non-Independent Director to JMD.

Shantidoot Infra Services Limited (543598)

  • Change: Re-appointment
  • Person: Mr. Avijeet Kumar
  • Role: Managing Director
  • Effective Date: 24-Mar-2027 to 24-Mar-2032 (subject to member approval)
  • Context: Board approved re-appointment for a further 5-year term.

Aten Papers & Foam Limited (ATENPAPERS)

  • Change: Re-appointment
  • Person: Mr. Mohamedarif Mohamedibrahim Lakhani
  • Role: Managing Director
  • Effective Date: 19-Jul-2027 to 18-Jul-2030 (subject to member approval)
  • Context: Board approved re-appointment for 3 years.

Tejassvi Aaharam Limited (531628)

  • Change: Appointment (MD)
  • Person: Mr. Natarajan Prasanna
  • Role: Managing Director (Additional Director – Executive)
  • Effective Date: 07-Sep-2026 (to 06-Sep-2029, subject to member approval)
  • Context: Board approved appointment/designation as MD.

  • Change: Resignation (CFO)

  • Person: Parameshwar Ramesh
  • Role: Chief Financial Officer (KMP)
  • Effective Date: 15-Sep-2026
  • Context: Resigned due to pre-occupation and personal reasons.

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

Equitas Small Finance Bank Limited (EQUITASBNK)

  • Appointment: Mr. Sivaraman K as Head-Operations (designated Senior Management Personnel)
  • Effective Date: 07-Sep-2026
  • Context: Internal transition; he takes charge from Mr. Siby Sebastian (who continues as Head Strategic Transformation).

Allied Digital Services Limited (ADSL)

  • Resignation: Mr. Raghuvir Kamat
  • Role: Assistant Vice President – Projects (designated SMP)
  • Effective Date: Close of business hours, 07-Sep-2026
  • Context: Resigned to pursue a new professional opportunity.

Narmada Macplast Drip Irrigation Systems Ltd. (NARMADADRIP)

  • Resignation: Ms. Vidhi Krupa Shah
  • Role: Company Secretary & Compliance Officer (KMP)
  • Effective Date: Close of business hours, 02-Sep-2026
  • Context: Resigned due to pre-occupation in other assignments.

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

Ortin Global Limited (ORTINGLOBE)

  • Appointment: Mr. Parveen Satija as Additional Director & Whole-time Director
  • Effective Date: 07-Sep-2026 (to 06-Sep-2028, subject to member approval)
  • Resignation: Mrs. Prakruti Prashant Sawant (Whole-time Director)
  • Effective Date: Close of business hours, 07-Sep-2026
  • Context: Resigned due to professional commitments.

Senthil Infotek Limited (SENTHILINF)

  • Appointment: Mr. Mopperthy Sudheer as Additional Director (Non-Executive Independent)
  • Effective Date: 07-Sep-2026 (for 5 years, subject to member approval)
  • Designation change (board-level): Mr. Sunkara Srivatsava to Joint Managing Director (covered above under key leadership).

Cranes Software International Limited (CRANES)

  • Board change: Completion of tenure of Independent Director
  • Person: Ms. Akthar Begum (tenure completion noted)
  • Appointment: Ms. Akthar Begum as Non-Executive Director
  • Effective Date: Board approved (subject to member approval)

Kirloskar Brothers Limited (KIRLOSBROS)

  • Appointment: Dr. Madhuri Kanitkar as Additional Director (Independent Woman Director)
  • Effective Date: 15-Sep-2026 (subject to member approval)

Shantidoot Infra Services Limited (543598)

  • Resignation (Director): Mr. Navin Kumar (Non-Executive Director)
  • Effective Date: Accepted effective 31-Aug-2025 (noted by board; resignation accepted)
  • Appointment: Mr. Brajesh Vyas as Additional Director (Non-Executive)
  • Effective Date: 04-Sep-2026 (subject to member approval for regularisation)
  • Designation change: Mr. Tirpunari Lal from Executive Director → Non-Executive Director
  • Effective Date: 04-Sep-2026

National Plastic Technologies Limited (531287)

  • Resignation: Mr. Venkatesan N (Executive Director)
  • Effective Date: Close of business hours, 30-Sep-2026
  • Context: Resignation due to advancing age.

Sanghvi Movers Limited (SANGHVIMOV)

  • Resignation: Mr. Amitabha Mukhopadhyay (Independent Director)
  • Effective Date: Close of business hours, 07-Sep-2026
  • Context: Other professional commitments and preoccupations.

Orient Tradelink Limited (ORIENTTR)

  • Resignation: Mr. Mahesh Kumar Verma (Independent Director)
  • Effective Date: 07-Sep-2026
  • Context: Cessation due to personal reasons.

Aten Papers & Foam Limited (ATENPAPERS)

  • Resignation: Mr. Premaram Jaitaram Patel (Non-Executive & Independent Director)
  • Effective Date: 07-Sep-2026 (conclusion of business hours)
  • Context: Personal reason (no other material reasons stated)
  • Appointment: Mr. Raghav Jobanputra as Additional Non-Executive & Independent Director
  • Effective Date: 07-Sep-2026

Tejassvi Aaharam Limited (531628)

  • Appointments (Additional Directors):
  • Mr. Shreyas Raghav (Executive) — 07-Sep-2026 (3 years; subject to member approval)
  • Ms. Ramya (Non-Executive, Non-Independent) — 07-Sep-2026
  • Mr. Subramanian Neelakantan (Non-Executive, Independent) — 07-Sep-2026
  • Ms. Vijayalakshmi Rajesh (Non-Executive, Independent) — 07-Sep-2026
  • Ms. Aruna Subramaniam (Non-Executive, Independent) — 07-Sep-2026
  • Resignations (Independent/Non-Executive):
  • Mr. Chinnathambi Vinothkumar (Independent Director) — 20-Sep-2026
  • Ms. Thangavelu Dhana Lakshmi (Independent Director) — 20-Sep-2026
  • Mr. Sethuraman Dhilipkumar (Non-Executive, Non-Independent) — 20-Sep-2026
  • Retirement / unwillingness to re-appoint:
  • Mr. Sridharan Santhoshkumar — liable to retire by rotation; expressed unwillingness to be re-appointed (at ensuing AGM)

Ortin Global / Senthil Infotek / others

(covered above; no additional board items in the provided set beyond those listed)


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

Tejassvi Aaharam Limited (531628)

  • High concentration of board and KMP changes in one board meeting:
  • Multiple director resignations effective 20-Sep-2026 (3 resignations) plus CFO resignation effective 15-Sep-2026
  • Simultaneous appointment of multiple Additional Directors and appointment of a new Managing Director effective 07-Sep-2026.

Ortin Global Limited (ORTINGLOBE)

  • MD transition cluster:
  • Managing Director redesignated to Non-Executive (Murali Krishna Murthy Sanka)
  • New Managing Director appointed (Prakash Prashanth Sawant)
  • Whole-time director resignation (Prakruti Prashant Sawant) and appointment of an additional whole-time director (Parveen Satija) all effective 07-Sep-2026.

Sun Retail Limited (542025)

  • Simultaneous director resignations effective 07-Sep-2026:
  • Whole-time Director & CFO (Dharamjit Bhupatsinh Mori)
  • Additional Non-Executive Non-Independent Director (Rajesh Chinubhai Sutaria)

5. Reappointments / Extensions (side notes)

  • Cranes Software International Limited (CRANES): Re-appointment of Asif Khader as Managing Director & Chairman for 5 years (subject to member approval).
  • Shantidoot Infra Services Limited (543598): Re-appointment of Avijeet Kumar as Managing Director for 5 years (from 24-Mar-2027; subject to member approval).
  • Aten Papers & Foam Limited (ATENPAPERS): Re-appointment of Mohamedarif Mohamedibrahim Lakhani as Managing Director for 3 years (from 19-Jul-2027; subject to member approval).
  • Zeal Aqua Limited (539963): Re-appointment of Dhaval Shantilal Patel as Whole-time Director for 3 years (from 22-Sep-2027; subject to member approval).