NLC India appoints new CMD; CFO relinquishes charge

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

0. Critical Alerts (Highest Priority)

No “for cause” resignations (with governance/ethical/mismanagement-type reasons) were found in the provided filings.

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

NLC India Limited (NLCINDIA)

• Change: Appointment (Chairman cum Managing Director)
• Person: Dr. Prasanna Kumar Acharya
• Role: Chairman cum Managing Director (CMD)
• Effective Date: 17 September 2026

• Context: Approved by Ministry of Coal; assumed charge on 17.09.2026 for a period of five years (or until further orders, whichever earlier).

• Change: Resignation/cessation (from core finance role)

• Person: Dr. Prasanna Kumar Acharya
• Role: Director (Finance) & CFO
• Effective Date: 17 September 2026

• Context: Relinquished CFO/Director(Finance) upon CMD appointment.

• Change: Cessation of additional charge

• Person: Shri Sanoj Kumar Jha
• Role: Additional charge CMD
• Effective Date: 17 September 2026
• Context: Handed over CMD charge to Dr. Acharya.

Skyways Air Services Limited (SKYWAYS)

• Change: Appointment (designation upgrade)
• Person: Mr. Yashpal Sharma
• Role: Chief Executive Officer (CEO) (in addition to existing Chairman & Managing Director)
• Effective Date: 17 September 2026
• Context: Board designated him as CEO w.e.f. 17.09.2026.

Apeejay Surrendra Park Hotels Limited (PARKHOTELS)

• Change: Resignation
• Person: Mr. Atul Khosla
• Role: CFO & KMP
• Effective Date: 21 September 2026

• Context: Resigned “due to new professional opportunity”.

• Change: Appointment

• Person: Mr. Manish Bhagat
• Role: CFO & KMP
• Effective Date: 21 September 2026
• Context: Appointed by Board with full-time employment terms.

Daulat Securities Limited (DAULATSEC)

• Change: Resignation
• Person: Mr. Jitendra Kochar
• Role: Managing Director (MD)
• Effective Date: 17 September 2026
• Context: Resignation tendered and read out at the 33rd AGM; Board to take it up in upcoming meeting.

LS Industries Limited (LSINDUSTRIES)

• Change: Resignation
• Person: Mr. Naveen Kumar Gupta
• Role: Director and CFO (KMP)
• Effective Date: 01 October 2026
• Context: Resigned “due to preoccupation”.

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

Lokesh Machines Limited (LOKESHMACH)

• Appointment: Mr. G. Ranganath
• Role: Vice President – Operations; designated as Senior Management Personnel
• Effective Date: 17 September 2026
• Context: Appointment as VP–Operations.

Automotive Stampings and Assemblies Limited (ASHOKAMET / ASAL)

• Resignation/Relieved: Mr. Sachin Kale
• Role: Head – Purchase (Senior Managerial Personnel)
• Effective Date: 17 September 2026
• Context: Relieved as part of transfer order within Tata AutoComp Systems (TACO) group.

3. Board / Director Changes

Ashoka Metcast Limited (ASHOKAMET)

• Appointment: Mrs. Jhanvi Vikas Sethi
• Role: Non-Executive Independent Director
• Effective Date: 12 August 2026 (term up to 11 August 2031)
• Context: Approved by members at 17th AGM.

SENCO Gold Limited (SENCO)

• Re-appointment: Mr. Bhaskar Sen
• Role: Non-Executive Independent Director
• Effective Date: 18 September 2026 to 17 September 2027 (subject to shareholder approval)
• Context: Second term of 1 year approved by Board.

Ajax Engineering Limited (AJAXENGG)

• Appointment: Mr. Shishir Joshipura
• Role: Additional Director (Non-executive & Independent) — subject to shareholder approval
• Effective Date: 17 September 2026
• Context: Board appointment as Additional Independent Director.

Mishra Dhatu Nigam Limited (MIDHANI)

• Appointment: Ms. Meera Mohanty
• Role: Government Nominee Director
• Effective Date: 17 September 2026

• Context: Appointed by Ministry of Defence in place of outgoing nominee.

• Cessation: Shri Prakash Rajpurohit—IS (Government Nominee Director)

• Effective Date: 17 September 2026
• Context: Tenure ceased upon new nominee appointment.

DCM Shriram Fine Chemicals Limited (DSFCL)

• Resignation: Mr. Vijay Anand
• Role: Independent Director
• Effective Date: close of business hours, 17 September 2026
• Context: Resigned due to “pressing commitments and an increase in professional obligations”.

Ganesha Ecosphere Limited (GANECOS)

• Appointment: Mr. Rajiv Kumar Saxena
• Role: Non-Executive Independent Director
• Effective Date: 3 August 2026 (term 2 years)
• Context: Approved by members at 37th AGM.

Rathi Bars Limited (RATHIBAR)

• Re-appointment: Mr. Uddhav Rathi
• Role: Whole-time Director (retiring by rotation)
• Effective Date: 17 September 2026

• Context: Re-appointed by members.

• Appointment: Mr. Sachindra Jha

• Role: Non-Executive Independent Director
• Effective Date: 17 September 2026 (term up to 17 September 2031)
• Context: Appointed via special resolution.

Aavas Financiers Limited (AAVAS)

• Appointment (regularization via AGM): Mr. Vivek Anant Karve
• Role: Independent Director
• Effective Date: w.e.f. 23 June 2026 (regularized at AGM)

• Context: Regularization of independent director appointment.

• Appointment (regularization via AGM): Mr. Vellur Gopalaraghavan Kannan

• Role: Independent Director
• Effective Date: w.e.f. 01 August 2026 (regularized at AGM)
• Context: Regularization of independent director appointment.

Thrive Future Habitats Limited (523120)

• Appointment: M/s. J.C. Bhalla and Co.
• Role: Statutory Auditor (casual vacancy)
• Effective Date: Approved at 78th AGM (until conclusion of 79th AGM)

• Context: Appointment to fill casual vacancy.

• Appointment: M/s. Neeta A & Associates

• Role: Secretarial Auditor
• Effective Date: FY 2026-27 to FY 2030-31

• Context: Appointed for 5 consecutive financial years.

• Re-appointment: Mr. Vinay Kumar Singh

• Role: Director liable to retire by rotation
• Effective Date: 78th AGM (16 September 2026)
• Context: Re-appointed at AGM.

Olympia Industries Limited (OLYMPTX)

• Cessation: Mr. Kamlesh Shah
• Role: Independent Director
• Effective Date: 16 September 2026
• Context: Ceased upon completion of second 5-year term.

Stanbik Agro Limited (STANBIKAGRO)

• Appointment: Mr. Anil Kumar Vijayvargia
• Role: Independent Director (Non-Executive)
• Effective Date: 22 May 2026 to 21 May 2031
• Context: Approved by members at AGM (15 September 2026).

Ganesha Ecosphere Limited (GANECOS)

• (Already covered above)

M & B Engineering Limited (MBEL)

• Re-appointment: Ms. Birva Chirag Patel
• Role: Whole-time Director
• Effective Date: 2 April 2027 to 1 April 2030

• Context: Shareholders approved re-appointment at AGM.

• Re-appointment: Mr. Aditya Vipinbhai Patel

• Role: Whole-time Director
• Effective Date: 2 April 2027 to 1 April 2030
• Context: Shareholders approved re-appointment at AGM.

Ashoka Metcast Limited (ASHOKAMET)

• (Already covered above)

4. Notable Company-Specific Situations

NLC India Limited (NLCINDIA)

• Clustered leadership reshuffle on the same date (17 Sep 2026):
• CMD appointment (Dr. Acharya)
• CFO/Director(Finance) relinquishment by same person
• Cessation of additional-charge CMD (Shri Sanoj Kumar Jha)

Skyways Air Services Limited (SKYWAYS)

• CEO designation added while retaining Chairman & MD role (single-day governance role expansion).

5. Reappointments / Extensions (Side Notes)

SENCO Gold Limited (SENCO)

• Re-appointment: Mr. Bhaskar Sen as Independent Director for 1 year (subject to shareholder approval).

Rathi Bars Limited (RATHIBAR)

• Re-appointment: Mr. Uddhav Rathi as Whole-time Director (retiring by rotation).

M & B Engineering Limited (MBEL)

• Re-appointment: Whole-time directors for 3 years (from 2 April 2027).

CMPDI (Cost Auditor renewal)

• Central Mine Planning & Design Institute Ltd. (CMPDI): Cost auditor reappointment (Shome & Banerjee) for FY 2026-27 (no change vs FY 2025-26).