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Management Changes

ICICI Life CEO MD Anup Bagchi Resigns, COO Appointed

October 3, 2026 4 mins read Firehose Gupta

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)

ICICI Life Insurance Limited (Formerly ICICI Prudential Life Insurance Company Limited) (BSE: 540133)

  • Change: Resignation (MD & CEO)
  • Person: Mr. Anup Bagchi
  • Role: Managing Director & Chief Executive Officer
  • Effective Date: Close of business hours on 13 Oct 2026
  • Context: Resignation noted by the Board; resignation letter states he wished to pursue a new career opportunity outside the organization.

Petronet LNG Limited (BSE: 532522)

  • Change: Appointment (MD & CEO)
  • Person: Shri Sanjay Kumar (DIN: 08346704)
  • Role: Managing Director & CEO
  • Effective Date: From date of vacancy: 13 May 2027
  • Context: Board approved appointment on 2 Oct 2026; detailed disclosures to be sent after he assumes charge.

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

ICICI Life Insurance Limited (BSE: 540133)

  • Appointment: Mr. Sidharatha Mishra as Chief Operating Officer (COO), effective 6 Oct 2026
  • Appointment (also): Mr. Sidharatha Mishra as Additional Director & Managing Director & CEO, effective 14 Oct 2026 or later upon IRDAI approval, for 5 years (subject to approvals)

3. Board / Director Changes

Allcargo Global Limited (BSE: 544602)

  • Appointment: Mr. Essa Al Saleh (DIN: 11907344) as Additional Non-Executive Independent Director, effective 1 Oct 2026 (term 3 years, subject to member approval)
  • Appointment: Mr. Ravi Jakhar (DIN: 02188690) as Additional Director (Non-Executive, Non-Independent), effective 1 Oct 2026 (subject to member approval)

Tirupati Sarjan Limited (BSE: 531814)

  • Re-appointment: Mr. Ruchir Patel (DIN: 03185133) as Director (retiring by rotation), approved/reappointed on 30 Sep 2026
  • Regularization/Appointment: Mr. Bharat Trivedi (DIN: 07820494) as Non-Executive Independent Director, regularized on 30 Sep 2026

Ishita Drugs & Industries Limited (BSE: 524400)

  • Re-appointment: Mrs. Abha Agrawal (DIN: 01589479) as Non-Executive Non-Independent Director, post attaining age of 75, effective 1 Oct 2026

Organic Coatings Limited (BSE: 531157)

  • Cessation/Resignation (shareholder non-approval): Mr. Ajay Rajnikant Shah (DIN: 00011763) ceased to hold office as Director and Whole-time Director, effective 29 Sep 2026 (AGM conclusion)
  • Reason stated: Re-appointment as director liable to retire by rotation was not approved by shareholders.

Crane Infrastructure Limited (BSE: not provided in filing)

  • Appointment (re-appointment by rotation): Sri Venkata Siva SatyaKishor Kumar Chegu (DIN: 01823606) as Non-Executive Director (retire by rotation), approved by shareholders at AGM (30 Sep 2026)

Virat Crane Industries Limited (BSE: not provided in filing)

  • Appointment (re-appointment by rotation): Sri Gopala Krishna Murthy Javvaji (DIN: 00930747) as Director (retire by rotation), approved at AGM (30 Sep 2026)

Chemtech Industrial Valves Limited (BSE: 537326)

  • Re-appointment: Mr. Puneet Pradeep Badkur (DIN: 07803209) as Whole-time Director, effective 1 Oct 2026 (approved at AGM on 30 Sep 2026)

Rap Corp Limited (Formerly Rap Media Limited) (BSE: 531583)

  • Re-appointment: Mr. Rupinder Singh Arora (DIN: 00043968) as Managing Director, w.e.f. 1 Aug 2026 (re-appointed at AGM on 30 Sep 2026)

Transglobe Foods Limited (BSE: 519367)

  • Resignation: Mrs. Kavita Ashish Pandare (DIN: 09109027) as Director, effective close of business hours on 30 Sep 2026
  • Reason stated: Personal reasons (no other material reasons confirmed in filing)

Gautam Gems Limited (BSE: 540936)

  • No director change reported in the provided filing (secretarial auditor appointment only).

Novelix Pharmaceuticals Limited (BSE: 536565)

  • Appointment: Mr. Gnana Prakash Gattu (DIN: 00517921) as Whole Time Director, effective 29 Aug 2026 (approved by shareholders at AGM on 30 Sep 2026)

4. Notable Company-Specific Situations

ICICI Life Insurance Limited (BSE: 540133)

  • Simultaneous transition cluster: MD & CEO resignation (Anup Bagchi) scheduled for 13 Oct 2026, with COO appointment (Sidharatha Mishra) from 6 Oct 2026 and MD & CEO appointment from 14 Oct 2026 (subject to IRDAI approval).

Organic Coatings Limited (BSE: 531157)

  • Governance/continuity signal (shareholder non-approval): Whole-time director ceased after shareholders did not approve the re-appointment resolution at AGM (29 Sep 2026).

5. Reappointments / Extensions (Side Notes)

Rap Corp Limited (BSE: 531583)

  • Re-appointment: MD Rupinder Singh Arora for 5 years from 1 Aug 2026 to 31 Jul 2031 (remuneration not specified in filing as payable unless separately approved by shareholders).

Ishita Drugs & Industries Limited (BSE: 524400)

  • Re-appointment: Non-Executive Non-Independent Director Abha Agrawal (post age 75), from 1 Oct 2026.

Chemtech Industrial Valves Limited (BSE: 537326)

  • Re-appointment: Whole-time Director Puneet Pradeep Badkur, from 1 Oct 2026.

Tirupati Sarjan Limited (BSE: 531814)

  • Re-appointment: Director Ruchir Patel (retire by rotation), approved 30 Sep 2026.

Gautam Gems Limited (BSE: 540936)

  • Appointment (non-leadership): Secretarial Auditor appointed for 5 years from FY 2026-27 to FY 2030-31 (term commencement stated as 1 Apr 2026; appointment date mentioned as 5 Sep 2026).

Ishita Drugs & Industries Limited (BSE: 524400)

  • Appointment (non-leadership): Statutory Auditor re-appointed for 1 year from 1 Oct 2026 (as per annexures).