India Management Changes Report

No “For Cause” Resignations; COO/MD Changes Dominate

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

0. Critical Alerts (Resignation “for cause”)

No “for cause” resignations were found in the provided filings. (All resignations cited were for personal reasons / career outside organization / other non-cause wording.)


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

PVP Ventures Limited (PVP)

  • Change: Resignation (COO/Executive Director)
  • Person: Dr. Neeraja Nagarajan
  • Role: Executive Director & COO
  • Effective Date: 24-09-2026
  • Context: Resigned citing “personal reasons.”

Orient Ceratech Limited (ORIENTCER)

  • Change: Resignation (MD)
  • Person: Mr. Manan Shah
  • Role: Managing Director
  • Effective Date: Closing of business hours on 30-09-2026
  • Context: Resigned to pursue “a bigger and more challenging professional role within the Group.” Board accepted; to continue as Non-Executive Director.

Shree Hari Chemicals Export Limited (524336)

  • Change: Re-appointment
  • Person: Shri Bankesh Chandra Agrawal
  • Role: Chairman & Managing Director
  • Effective Date: 11-11-2026
  • Context: Re-appointed for 3 years.

Arihant Superstructures Limited (ARIHANTSUP / 506194)

  • Change: Designation change (within top management)
  • Person: Mr. Parth Chhajer
  • Role: Whole-time Director → Joint Managing Director
  • Effective Date: Approved at AGM on 24-09-2026 (designation change approved by shareholders)
  • Context: AGM approval of change in designation.

  • Change: Designation change (within top management)

  • Person: Mr. Bhavik Chhajer
  • Role: Whole-time Director → Joint Managing Director
  • Effective Date: Approved at AGM on 24-09-2026 (designation change approved by shareholders)
  • Context: AGM approval of change in designation.

Spenta International Limited (SPENTA / 526161)

  • Change: Re-appointment
  • Person: Mr. Danny Firoze Hansotia
  • Role: Managing Director
  • Effective Date: 01-12-2026
  • Context: Re-appointed for 3 years (approved at AGM on 23-09-2026).

Indokem Limited (504092)

  • Change: Re-appointment
  • Person: Mr. Arupkumar Basu
  • Role: Managing Director
  • Effective Date: 29-09-2026
  • Context: Re-appointed for 3 years (approved at AGM on 24-09-2026).

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

Wakefit Innovations Limited (WAKEFIT / 544642)

  • Resignation: Mr. Kunal Chandel
  • Role: Senior Manager – Legal
  • Effective Date: Close of business hours on 24-09-2026
  • Context: Resigned to pursue career outside the organization.

Vesuvius India Limited (VESUVIUS / 520113)

  • Resignation: Mr. Rohit Khandelwal
  • Role: HR Director (Senior Management Personnel)
  • Effective Date: Close of business hours on 24-09-2026
  • Context: Resigned due to personal reasons.

Hirect Limited (HIRECT / 504036)

  • Resignation: Mrs. Preeti Sharma
  • Role: Head Legal (Senior Management Personnel)
  • Effective Date: 24-09-2026 (close of business hours)
  • Context: Resignation due to personal reason.

3. Board / Director Changes (Independent / Non-executive / Additional)

Powerica Limited (POWERICA / 544744)

  • Appointment: Mr. Maheswar Sahu
  • Role: Non-Executive Non-Independent Director
  • Effective Date: 24-09-2026
  • Re-appointment: Ms. Renu Naresh Oberoi
  • Role: Whole-time Director
  • Effective Date: 01-04-2027 (3-year term)
  • Re-appointment: Mr. Pradeep Omprakash Gupta
  • Role: Whole-time Director
  • Effective Date: 01-04-2027 (3-year term)
  • Re-appointment: Mr. Udaya Shankar Jena
  • Role: Independent Director (2nd term)
  • Effective Date: 24-06-2027 (5-year term)
  • Re-appointment: Mr. Sunil Godwin Lobo
  • Role: Independent Director (2nd term)
  • Effective Date: 27-06-2027 (5-year term)

NPR Finance Limited (530127)

  • Re-appointment: Ms. Sarika Mehra
  • Role: Executive Director (Whole-time Director)
  • Effective Date: Re-appointed at AGM on 24-09-2026; term stated as 3 years w.e.f. 19-09-2025

Wanbury Limited (524212)

  • Re-appointment: Mr. Mohan Kumar Rayana
  • Role: Whole-time Director
  • Effective Date: 21-08-2026 to 20-08-2031 (continuation beyond age 70)

Jammu & Kashmir Bank Limited (J&KBANK / 532209)

  • Appointment: Mr. Tsewang Tharchin, IA&AS
  • Role: Rotational Director
  • Effective Date: 22-09-2026

Shree Hari Chemicals Export Limited (524336)

  • Re-appointment: Shri Ram Gupta
  • Role: Independent Director (2nd term)
  • Effective Date: 29-09-2026 (5-year term)
  • Appointment: Shri Amrut Urkude
  • Role: Independent Director
  • Effective Date: 25-08-2026 (5-year term)

Tilak Ventures Limited (TILAK / 503663)

  • Appointment: M/s. Jay Bhatt & Associates
  • Role: Secretarial Auditor (not a director; included here only as board-related item is not applicable—excluded from director section)
  • Re-appointment: Mr. Vikash Kulhriya
  • Role: Independent Director (2nd term)
  • Effective Date: 24-09-2026 (term details: till conclusion of AGM in FY 2031-32)

Arihant Superstructures Limited (ARIHANTSUP / 506194)

  • Re-appointment: Mr. Nimish Shah
  • Role: Director (retiring by rotation)
  • Effective Date: Approved at AGM on 24-09-2026
  • Regularization: Dr. Raghuveer Singh Rajpurohit
  • Role: Non-executive Independent Director
  • Effective Date: Approved at AGM on 24-09-2026

Spenta International Limited (SPENTA / 526161)

  • Re-appointment: Mr. Dilip Ramdas Pawar
  • Role: Non-Executive Independent Director (2nd term)
  • Effective Date: 13-08-2026 to 12-08-2031
  • Appointment/Regularization: Mr. Anil Krushnadas Parekh
  • Role: Director (regularization as Director)
  • Effective Date: Regularized w.e.f. 23-09-2026
  • Appointment: Mr. Anil Krushnadas Parekh
  • Role: Whole-time Director
  • Effective Date: 23-09-2026

Jammu & Kashmir Bank Limited (J&KBANK / 532209)

  • (covered above)

Biofil Chemicals & Pharmaceuticals Limited (BIOFILCHEM / 524396)

  • Continuation: Mr. Ashok Kumar Ramawat
  • Role: Non-Executive Independent Director
  • Effective Date: Confirmation for continuation upon attaining age 75; stated as confirmation for continuation with reference to age milestone on 27-09-2027

Organic Recycling Systems Limited (543997)

  • Cessation: Mr. Yashas Bhand
  • Role: Whole-time Director & CEO
  • Effective Date: Immediate, 24-09-2026
  • Appointment: Mrs. Janaki Sarang Bhand
  • Role: Director liable to retire by rotation
  • Effective Date: As per corrigendum/AGM substitution (AGM scheduled 30-09-2026; appointment proposed for that meeting)

Shree Hari Chemicals Export Limited (524336)

  • (covered above)

Orient Ceratech Limited (ORIENTCER)

  • Change: Mr. Manan Shah to continue as Non-Executive Director after MD resignation (effective 30-09-2026)

Tamil Nadu Newsprint & Papers Limited (TNPL / 531426)

  • Appointment (auditor): M/s. A. John Moris & Co. as Statutory Auditors for FY 2026-27 (not a director; excluded from director section)

4. Notable Company-Specific Situations

Organic Recycling Systems Limited (543997)

  • CEO/Whole-time Director cessation (Mr. Yashas Bhand) immediate on 24-09-2026, with corrigendum issued to withdraw/substitute an AGM item and propose appointment of Mrs. Janaki Sarang Bhand as a director liable to retire by rotation.

5. Reappointments / Extensions (Side Notes)

Powerica Limited (544744)

  • Whole-time Director re-appointments: Ms. Renu Naresh Oberoi and Mr. Pradeep Omprakash Gupta for 3 years from 01-04-2027.

Shree Hari Chemicals Export Limited (524336)

  • Chairman & MD re-appointment: Shri Bankesh Chandra Agrawal for 3 years from 11-11-2026.

Indokem Limited (504092)

  • MD re-appointment: Mr. Arupkumar Basu for 3 years from 29-09-2026.
  • Whole-time Director re-appointment: Mr. Manish M. Khatau for 3 years from 01-03-2027 (as per annexure).

Spenta International Limited (526161)

  • Managing Director re-appointment: Mr. Danny Firoze Hansotia for 3 years from 01-12-2026.
  • Independent Director re-appointments: Mr. Dilip Ramdas Pawar (5 years) and (other director items not listed as independent re-appointments beyond Pawar in the provided text).

If you want, I can also provide a separate “auditor-only” appendix (many filings here are AGM/auditor appointments rather than management changes).