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India Management Changes Report
Rainbow appoints Group CFO Sudarshan Patodia
Daily Management Change Report (BSE filings – last 24 hours)
Critical Alerts (for-cause resignations)
- None identified in the provided filings. (No resignation “for cause” language such as governance/ethics/mismanagement/lack of information was stated.)
1) Key Leadership Changes (CEO/CFO/COO/Chairman/MD)
Rainbow Children’s Medicare Limited (RAINBOW)
- Change: Appointment
- Person: Mr. Sudarshan Patodia
- Role: Chief Financial Officer (KMP) / Group Chief Financial Officer
- Effective Date: September 23, 2026
- Context: Appointed by Board; designated as Group CFO.
Baron Infotech Limited (PURPLETALK)
- Change: Appointment (new Board post CIRP)
- Person: Sridhar Muppidi
- Role: Chairman & Managing Director
- Effective Date: Appointed with effect from 22 September 2026
- Context: Newly constituted Board post successful completion of Corporate Insolvency Resolution Process; also took on record NCLT-approved resolution plan and scheme.
Canara Bank (CANBK)
- Change: Extension of term
- Person: Shri Bhavendra Kumar
- Role: Executive Director
- Effective Date: Term extended beyond current notified term ending 08.10.2026 to 31.10.2027 (or earlier/further orders)
- Context: Government (Department of Financial Services) notification extending tenure.
Punjab & Sind Bank (PSB)
- Change: Extension of tenure
- Person: Sh Ravi Mehra
- Role: Executive Director
- Effective Date: Extended beyond term ending 10.2026 (10/08/2026) to 31.12.2026 (or earlier/further orders)
- Context: Department of Financial Services notification.
2) Executive Management Changes (below CEO/CFO/COO)
Bata India Limited (BATAINDIA)
- Appointment:
- Mr. Kandarp Asher — Head – Demand Planning (SMP) | Effective: Oct 1, 2026
- Ms. Harmeet Kaur — Head – Commercial Planning (SMP) | Effective: Oct 1, 2026
- Ms. Jasleen Kaur — Head – Marketing (SMP) | Effective: Oct 1, 2026
- Context: “Internal role change” / appointment as SMP.
Mold-Tek Technologies Limited (MOLDTECH-EQ)
- Resignation: Mr. Prateek Kumar Tiwari — Company Secretary & Compliance Officer (KMP)
- Effective Date: Close of business hours on September 23, 2026
- Context: Resignation due to “personal commitments and pursue other career opportunities.”
SRF Limited (SRF)
- Resignation: Ms. Geeta Shamrao Jadhav — President & CHRO (Senior Management Personnel)
- Effective Date: Close of business hours on September 23, 2026
- Context: Resignation due to “personal reasons.”
Borosil Scientific Limited (BOROSCI)
- Resignation: Mr. Kailash Motwani — Head – Operations (Pune & Goel Scientific Glass Works Ltd; designated as SMP)
- Effective Date: September 23, 2026
- Context: Resignation due to “personal reasons” (as stated: “tendered his resignation due to personal reasons”).
3) Board / Director Changes
Hexagon Nutrition Limited (HEXAGON)
- Re-appointment: Mr. Nikhil Kelkar — Joint Managing Director
- Effective Date: Re-appointment approved at AGM; (text indicates re-appointment after retirement by rotation; no separate effective date beyond AGM approval)
- Context: Retired by rotation; eligible; shareholders approved re-appointment.
- Appointment: Mr. Raghunath Sawant — Executive Director
- Effective Date: August 12, 2026
- Context: 5-year term; shareholders approved at AGM.
Signpost India Limited (SIGNPOST)
- Re-appointment: Mr. Dipankar Chatterjee — Executive Director
- Effective Date: Effective December 29, 2026 (term: 5 years up to Dec 28, 2031)
- Context: Re-appointment approved by shareholders at AGM.
- Appointment: Ms. Meghna Rajadhyaksha — Independent Director
- Effective Date: August 3, 2026 (term: 3 years to Aug 2, 2029)
- Context: Independent Director appointment approved at AGM.
Saurashtra Cement Limited (SAURASHCEM)
- Re-appointment: Mr. Hemang Dhirendra Mehta — Non-Executive, Non-Independent Director
- Effective Date: AGM approval (liable to retire by rotation; re-appointment approved)
- Context: Re-appointment approved by shareholders.
- Re-appointment: Mr. M. S. Gilotra — Managing Director
- Effective Date: 1 Jan 2027 to 31 Dec 2027
- Context: Re-appointment approved by shareholders.
Maestros Electronics & Telecommunications Systems Limited (538401)
- Re-appointment: Mr. Prakash Vithal Page — Independent Director
- Effective Date: February 05, 2027
- Context: Second term of 5 years; continuation approved upon attaining age 75.
Regaal Resources Limited (REGAAL)
- Re-appointment: Mr. Munish Jhajharia — Non-Executive Director
- Effective Date: AGM approval date (23 Sep 2026)
- Context: Re-appointment pursuant to retirement by rotation.
Asgard Alcobev Limited (512025)
- Appointment: Mr. Desai Venkatesh — Additional Director (Non-Executive, Independent)
- Effective Date: September 23, 2026
- Context: Board approved appointment; based on N&R committee recommendation.
V.S.T. Tillers Tractors Limited (VSTTILLERS)
- Appointment: Mrs. Shuba Kumar — Independent Director
- Effective Date: July 27, 2026 to July 26, 2031
- Context: Shareholders approved at AGM.
Jindal Hotels Limited (507981)
- Re-appointment: Ms. Palak Gandhi — Non-Executive, Independent Director
- Effective Date: 12 July 2027 to 11 July 2032
- Context: Second consecutive term approved at AGM (held 22 Sep 2026).
Dhanlaxmi Bank Limited (DLXINDIA / as per filing: Dhanlaxmi Bank)
- Re-appointment: Dr. Jineesh Nath C.K — Non-Executive, Non-Independent Director
- Effective Date: AGM approval date (23 Sep 2026)
- Context: Re-appointed liable to retire by rotation.
- Appointment: Sri. Rajan T.X — Independent Director (not liable to retire by rotation)
- Effective Date: w.e.f. July 29, 2026 (5 years)
- Appointment: Sri. T.V. Rao — Independent Director (not liable to retire by rotation)
- Effective Date: w.e.f. September 01, 2026 (3 years)
Evans Electric Limited (542668)
- Regularization: Ms. Jeanne Marie Desouza — Director (Non-Executive)
- Effective Date: Designation change referenced as September 23, 2026; appointment regularized at AGM
- Context: Regularization of appointment; change in designation from Additional Non-executive Non-Independent to Non-executive Non-Independent liable to retire by rotation.
Simplex Castings Limited (29066 / 513472)
- Appointment (subject to shareholder approval): Mr. Urlam Jaya Manmadha Rao — Additional Director designated as Non-Executive Independent Director
- Effective Date: September 23, 2026
- Context: Board approved; shareholder approval pending.
Baron Infotech Limited (PurpleTalk)
- Appointments (Additional Directors, effect from 22 Sep 2026):
- Sreeram Reddy Vanga — Additional Director (Non-Executive Non-Independent)
- Sridhar Muppidi — Additional Director (Chairman & Managing Director)
- D Gautam Sawang — Additional Director (Non-Executive Independent)
- Biyyala Venkata Papa Rao — Additional Director (Non-Executive Independent)
- Ramachandra Rao Damera — Additional Director (Non-Executive Independent)
- Cessations (per NCLT order; effective 23 Sep 2026):
- Bharani Ganapavarapu — Whole-time Director
- Kamala Kumari Nadimpally — Director
- Vishnu Vardhan Reddy Billa — Director
- Pokuri Srinivasa Rao — Director
Maestros / Regaal / others (AGM re-appointments)
- No other director changes with resignation/removal language were present in the provided set.
4) Notable Company-Specific Situations (within-company clustering)
Baron Infotech Limited (PURPLETALK)
- High clustering: Multiple director cessations (erstwhile directors) and simultaneous appointments of a full slate of Additional Directors (including Chairman & MD) around the CIRP/NCLT transition (appointments effective 22 Sep 2026; cessations effective 23 Sep 2026).
5) Reappointments / Extensions (side notes)
Hexagon Nutrition Limited (HEXAGON)
- Re-appointment: Mr. Nikhil Kelkar as Joint Managing Director (approved at AGM).
Signpost India Limited (SIGNPOST)
- Re-appointment: Mr. Dipankar Chatterjee as Executive Director (term 5 years; effective Dec 29, 2026).
Saurashtra Cement Limited (SAURASHCEM)
- Re-appointment: Mr. M. S. Gilotra as Managing Director for Jan–Dec 2027.
Canara Bank (CANBK) / Punjab & Sind Bank (PSB)
- Extensions: Executive Director tenures extended to superannuation/extended dates as per Government notifications.