CFO Turnover: Appointments at Hindustan Oil, GP Petroleums

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

0. Critical Alerts (Highest Priority)

No “for cause” resignations (i.e., resignation reasons indicating governance/ethical/mismanagement concerns such as lack of access to information, allegations, or governance failures) were explicitly stated in the provided filings.

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

Hindustan Oil Exploration Company Limited (HINDOILEXP)

• Change: Appointment (CFO)
• Person: Mr. Debabrata Das
• Role: Chief Financial Officer (CFO)
• Effective Date: October 16, 2026

• Context: Board appointed him as CFO following recommendations of Nomination & Remuneration Committee and Audit Committee.

• Change: Resignation (CFO)

• Person: Mr. Allen Joseph Andrade
• Role: Chief Financial Officer (CFO)
• Effective Date: Close of business hours, October 15, 2026
• Context: Resigned “due to personal reasons” and to continue as Financial Advisor.

GP Petroleums Limited (GULFPETRO)

• Change: Resignation (CFO)
• Person: Mr. Arjun Verma
• Role: Chief Financial Officer (CFO)
• Effective Date: October 15, 2026

• Context: Resigned from CFO while continuing as Whole Time Director (Executive Director) and KMP.

• Change: Appointment (CFO)

• Person: Mr. Shirish Suvagia
• Role: Chief Financial Officer (CFO)
• Effective Date: October 15, 2026
• Context: Appointed as CFO and KMP following committee recommendations.

Sadhana Nitrochem Limited (SADHNANIQ)

• Change: Resignation (CFO)
• Person: Mr. Vimal Jain
• Role: Chief Financial Officer (CFO) and President – Operations & Finance
• Effective Date: October 13, 2026
• Context: Resignation “due to personal reasons.”

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

Emami Realty Limited (EMAMIREAL)

• Resignation: Mr. Tarun Kanti Mukherjee
• Role: National Head – Sales & Marketing
• Effective Date: Cessation effective from January 11, 2027
• Context: Resignation “to pursue new professional opportunities.”

Black Rose Industries Ltd (514183)

• Resignation: Dr. Pavankumar Aduri
• Role: Vice President – Innovation
• Effective Date: Relieved close of business hours, November 13, 2026
• Context: Resignation “due to personal reasons.”

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

Team India Guaranty Limited (511559)

• Resignation: Ms. Sreedevi Pillai (DIN: 08944944)
• Role: Non-Executive Independent Director
• Effective Date: September 23, 2026
• Context: Resignation due to “increased professional and personal commitments.”

Sundaram-Clayton Limited (SUNCLAY / 544066)

• Resignation: Mr. P Kaniappan (DIN: 02696192)
• Role: Non-Executive Independent Director
• Effective Date: October 13, 2026
• Context: Resigned “to pursue other interests” (also ceased Chairperson of Stakeholders’ Relationship Committee and member of Nomination & Remuneration Committee).

Kizi Apparels Limited (544221)

• Resignation: Mr. Ajay Mishra (DIN: 07495905)
• Role: Non-Executive Director
• Effective Date: Close of business hours, October 13, 2026
• Context: Citing “personal commitments” (also ceased committee roles including Chairman of Stakeholders’ Relationship Committee).

NMDC Limited (NMDC / 526371)

• Appointment: Ms. Sarita Chauhan
• Role: Government Director
• Effective Date: October 12, 2026

• Context: MoS order appointing her as Government Director (immediate effect / until further orders).

• Appointment: Shri Vinod Kumar Tripathi

• Role: Government Director
• Effective Date: October 12, 2026
• Context: Appointed “vice Shri Abhijit Narendra” (who ceased to be Government Director).

NMDC Steel Limited (NSLNISP / 543768)

• Appointment: Ms. Sarita Chauhan
• Role: Government Director
• Effective Date: October 12, 2026

• Context: MoS order appointing her as Government Director.

• Appointment: Shri Vinod Kumar Tripathi

• Role: Government Director
• Effective Date: October 12, 2026
• Context: Appointed “vice Shri Abhijit Narendra” (who ceased to be Government Director).

Amrapali Fincap Limited (AMRAFIN / 539265)

• Appointment: Urshita Mittalbhai Patel (DIN: 07891320)
• Role: Additional Independent Director
• Effective Date: October 13, 2026 (term of 5 years, subject to shareholder approval)
• Context: Board approved appointment for a 5-year term.

Amrapali Industries Limited (AMRAPLIN / 526241)

• Appointment: Ganpat Rawal (DIN: 00190484)
• Role: Additional Independent Director
• Effective Date: October 13, 2026 (term of 5 years, subject to shareholder approval)
• Context: Board approved appointment for a 5-year term.

Shri Niwas Leasing and Finance Limited (538897)

• Appointment: Ms. Anjali Kishor Gajra (DIN: 11283629)
• Role: Additional (Non-Executive & Independent) Director
• Effective Date: October 12, 2026

• Context: Board approved appointment as Additional Independent Director.

• Resignation: Mr. Ravindra Dilip Davrung (DIN: 11232334)

• Role: Independent Director
• Effective Date: October 12, 2026

• Context: Resigned (reason stated as “personal reason” in annexure).

• Resignation: Ms. Rekhaben Sanjay Bhanushali (DIN: 11232261)

• Role: Independent Director
• Effective Date: October 12, 2026
• Context: Resigned (reason stated as “personal reason” in annexure).

Steelco Gujarat Limited (500399)

• Cessation: Mr. Rajesh Kapadia (DIN: 10808106)
• Role: Independent Director
• Effective Date: Close of business hours, October 13, 2026
• Context: Completion of first term (also ceased committee memberships).

iStreet Network Limited (524622)

• Resignation: Mr. Yash Maheshwari
• Role: Non-Executive Non-Independent Director
• Effective Date: October 12, 2026
• Context: Resignation “due to personal reasons.”

Indrayani Biotech Limited (526445)

• Resignation: Mr. K.S. Vaidyanathan (DIN: 01122393)
• Role: Independent Director
• Effective Date: Close of business hours, October 13, 2026
• Context: Resigned “due to personal reasons.”

Paradeep Phosphates Limited (543530)

• Appointment: Mr. Raj Kumar Agrawal (DIN: 00177578)
• Role: Additional Independent Director
• Effective Date: October 13, 2026 (term of 5 years; subject to shareholder approval)
• Context: Board approved appointment for 5-year term.

RMC Switchgears Limited (540358)

• Appointment (shareholder-approved): Mr. Dilip Panjwani (DIN: 02205645)
• Role: Independent Director
• Effective Date: Approved effective from September 12, 2026 (postal ballot results declared October 13, 2026)
• Context: Shareholders approved appointment via postal ballot.

Windlas Biotech Limited (543329)

• Resignation: Mr. Vivek Dhariwal (DIN: 02826679)
• Role: Independent Director
• Effective Date: Close of business hours, October 12, 2026
• Context: Resigned “due to personal reasons and prior commitments” (also stepped down as Board Chairman and committee member).

PCBL Chemical Limited (PCBL / 506590)

• Re-appointment: Mr. T. C. Suseel Kumar (DIN: 06453310)
• Role: Non-Executive Independent Director
• Effective Date: October 27, 2026 (second term of 5 years; subject to shareholder approval)
• Context: Reappointment for a 5-year term.

Steel Authority of India Limited (SAIL) (as per filing text; BSE code not clearly shown in provided excerpt)

• Appointment: Ms. Sarita Chauhan
• Role: Government Nominee Director
• Effective Date: Immediate effect (MoS order dated 12.10.2026 referenced)

• Context: MoS order appointing her as Government Nominee Director.

• Appointment: Shri Vinod Kumar Tripathi

• Role: Government Nominee Director
• Effective Date: Immediate effect (MoS order dated 12.10.2026 referenced)
• Context: Appointed “vice Shri Abhijit Narendra” (as stated in excerpt).

Amrapali / other independent director appointments (additional)

No other independent/non-executive director changes beyond those listed above were explicitly stated in the provided documents.

4. Notable Company-Specific Situations

Shri Niwas Leasing and Finance Limited (538897)

• Clustered board exits: Two Independent Directors (Mr. Ravindra Dilip Davrung and Ms. Rekhaben Sanjay Bhanushali) resigned effective October 12, 2026, and an Additional Independent Director (Ms. Anjali Kishor Gajra) was appointed effective October 12, 2026—indicating a near-simultaneous board reshuffle.

5. Reappointments / Extensions (Side Notes)

PCBL Chemical Limited (506590)

• Re-appointment: Mr. T. C. Suseel Kumar as Independent Director for a second 5-year term (commencing October 27, 2026; subject to shareholder approval).