India Management Changes Report

SKF India appoints Sujeeth Pai as MD

By AI analyst ·

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

0. Critical Alerts (for-cause resignations)

No “for cause” resignations were explicitly stated in the provided filings (i.e., no resignation reasons citing governance/ethics/mismanagement/lack of access, etc.).

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

Punjab Communications Limited (500346)

  • Change: Appointment (Managing Director)
  • Person: Sh. Jaspreet Singh, IAS
  • Role: Managing Director
  • Effective Date: w.e.f. 23-Sep-2026

  • Context: Appointed on the Board in place of Sh. Harsuhinder Pal Singh Brar, IAS (cessation due to withdrawal by holding company).

  • Change: Cessation (Managing Director)

  • Person: Sh. Harsuhinder Pal Singh Brar, IAS
  • Role: Managing Director
  • Effective Date: w.e.f. 23-Sep-2026
  • Context: “Name… was withdrawn by Punjab Infotech (holding Company).”

SKF India (Industrial) Limited (544572)

  • Change: Appointment (Managing Director)
  • Person: Mr. Sujeeth Pai (DIN: 07763929)
  • Role: Managing Director
  • Effective Date: 1-Sep-2026

  • Context: Change in designation from Whole-time Director to MD for 5 years (shareholders approved via postal ballot; voting results declared 15-Oct-2026).

  • Change: Resignation (Managing Director → Non-Executive Non-Independent Director)

  • Person: Mr. Mukund Vasudevan (DIN: 05146681)
  • Role: Managing Director (resigned from board as MD)
  • Effective Date: closure of business hours on 31-Aug-2026
  • Context: Resigned as MD and appointed as Non-Executive, Non-Independent Director w.e.f. 1-Sep-2026 (shareholders approved via postal ballot; voting results declared 15-Oct-2026).

Shree Bhavya Fabrics Limited (521131)

  • Change: Resignation (CFO + Director)
  • Person: Mr. Kishan Madanlal Yadav (DIN: 02845697)
  • Role: Director and CFO
  • Effective Date: close of business hours on 15-Oct-2026
  • Context: Resignation accepted; reason stated as pursuing another professional opportunity.

Jyoti Structures Limited (513250)

  • Change: Relinquishment/cessation (CFO)
  • Person: Mr. Abdul Hameed Khan
  • Role: CFO (KMP)
  • Effective Date: close of business hours on 15-Oct-2026

  • Context: Relinquished CFO while continuing as Whole-time Director (up to 30-Jun-2028).

  • Change: Appointment (CFO)

  • Person: Mr. Deepak Dinkar Salunke
  • Role: CFO (KMP)
  • Effective Date: w.e.f. 15-Oct-2026
  • Context: Board approved appointment as CFO and KMP; term stated up to 30-Jun-2029.

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

The South Indian Bank Limited (SOUTHBANK)

  • Appointment: Mr. Anto George T
  • Role: Executive Vice President & Chief Business Officer
  • Effective Date: 1-Nov-2026

  • Context: Designation change due to operating/reporting structural changes; also identified as Material Risk Taker (RBI).

  • Appointment: Mr. Nandakumar G

  • Role: Head – Banking Operations Group
  • Effective Date: 16-Oct-2026

  • Context: Change from Head of Internal Audit & Chief of Internal Vigilance.

  • Appointment: Mr. Vijith S

  • Role: Head of Internal Audit
  • Effective Date: 16-Oct-2026

  • Context: Change from Head – Strategic Alliances & Digital Business.

  • Appointment: Ms. Rekha V R

  • Role: Chief of Internal Vigilance
  • Effective Date: 16-Oct-2026
  • Context: Change from Head – Vigilance Division.

Dhanuka Agritech Limited (507717)

  • Resignation: Mr. Umesh Verma
  • Role: General Manager – Procurement (SMP)
  • Effective Date: close of business hours on 15-Oct-2026
  • Context: Resigned from services; ceased to be SMP.

Mahindra Holidays & Resorts India Limited (533088)

  • Resignation: Mr. Rohit Malik
  • Role: Chief – Strategic Initiatives (SMP)
  • Effective Date: close of business hours on 31-Oct-2026
  • Context: Resignation to pursue personal/social/professional interests beyond full-time employment.

Crompton Greaves Consumer Electricals Limited (539876)

  • Transition (SMP status change): Mr. Nikhil Thakkar
  • Role: Head – Internal Audit, Risk & Control
  • Effective Date: SMP status ceases w.e.f. closure of business hours on 15-Oct-2026 (continues as employee)
  • Context: Transition to a new role within the company; internal reporting structure changes.

Olectra Greentech Limited (OLECTRA / 532439)

  • Appointment: Mr. Surender Nath
  • Role: Chief Operating Officer for Energy Division (SMP)
  • Effective Date: 15-Oct-2026
  • Context: Appointment as COO for Energy Division.

IIFL Capital Services Limited (542773)

  • Resignation: Mr. Mahesh Moopanar
  • Role: Chief Risk Officer (SMP)
  • Effective Date: 15-Oct-2026
  • Context: Resigned as Chief Risk Officer and SMP.

TV Today Network Limited (TVTODAY / 532515)

  • Resignation: Mr. Shailesh Shekhar Sinha
  • Role: Chief Synergy Officer (SMP)
  • Effective Date: close of business hours on 15-Oct-2026
  • Context: Resignation due to professional reason; relieved from duties.

IRCTC (542830)

  • Appointment (joining): Shri Raj Kumar Verma
  • Role: Group General Manager (One Level Below Board)
  • Effective Date: 15-Oct-2026 (reported to join)
  • Context: Joined IRCTC corporate office as per intimation.

Krypton Industries Limited (523550)

  • Appointment: Mr. Puspendu Kayal
  • Role: Company Secretary & Compliance Officer (KMP)
  • Effective Date: 15-Oct-2026
  • Context: Board approved appointment as KMP.

Aastamangalam Finance Limited (511764)

  • Appointment: Ms. Gomathi
  • Role: Additional/Independent Director
  • Effective Date: 15-Oct-2026
  • Context: Independent director for 1 year, not liable to retire by rotation (subject to shareholder approval).

iStreet Network Limited (524622)

  • Resignation: Ms. Rupashree Shrivastava
  • Role: Non-Executive Director
  • Effective Date: 15-Oct-2026
  • Context: Resignation due to pre-occupation with other professional work.

Bilcare Limited (526853)

  • Designation clarification (no appointment/removal):
  • Change: Special resolutions for ED designation were not passed; therefore:
  • Mr. Mohan Bhandari continues as Non-Executive Non-Independent Director & CEO (not Executive Director).
  • Ms. Kavita Bhansali continues as Non-Executive Non-Independent Director (not Executive Director).
  • Context: Board/portal designation changed, but shareholder special resolutions failed at AGM (26-Sep-2026).

3. Board / Director Changes

Omkar Speciality Chemicals Limited (OMKARCHEM / 533317)

  • Appointment: Ms. Shashi Kala Dhabriya (DIN: 11611776)
  • Role: Additional Non-Executive Independent Director
  • Effective Date: 15-Oct-2026

  • Context: 5-year term (subject to shareholder approval).

  • Resignation: Ms. Muskaan Pherwani (DIN: 11421254)

  • Role: Additional Non-Executive Independent Director
  • Effective Date: close of business hours on 13-Oct-2026
  • Context: Resignation letter states personal and professional commitments; she confirmed no other material reasons.

Baazar Style Retail Limited (STYLEBAAZA / 544243)

  • Appointment: Ms. Binata Sengupta (DIN: 08779205)
  • Role: Additional Non-Executive Independent Director
  • Effective Date: 15-Oct-2026
  • Context: Term of 3 years (subject to shareholder approval); also reconstituted Audit Committee effective same date.

Meesho Limited (MEESHO / 544632)

  • Resignation: Mr. Surojit Chatterjee (DIN: 07439364)
  • Role: Non-Executive Independent Director
  • Effective Date: 16-Oct-2026
  • Context: Resignation due to personal commitments; confirmed no other material reasons.

PTC India Limited (532524)

  • Cessation: Sh. Rajiv Kumar Rohilla (DIN: 10371161)
  • Role: Director (POWERGRID nominee)
  • Effective Date: 15-Oct-2026
  • Context: “Withdrawal of his nomination by POWERGRID.”

Aastamangalam Finance Limited (511764)

  • Appointment: Ms. Gomathi
  • Role: Additional/Independent Director
  • Effective Date: 15-Oct-2026
  • Context: Independent director for 1 year (subject to shareholder approval).

Omkar Speciality Chemicals Limited (OMKARCHEM / 533317) (already covered above)

4. Notable Company-Specific Situations (within-company clustering)

SKF India (Industrial) Limited (544572)

  • Simultaneous board/leadership reshuffling around MD:
  • Mukund Vasudevan moved out of MD role (resigned as MD on 31-Aug-2026) and became Non-Executive Non-Independent Director from 1-Sep-2026.
  • Sujeeth Pai designated as Managing Director from 1-Sep-2026 for 5 years.
  • (Both approvals via postal ballot; voting results declared 15-Oct-2026.)

Jyoti Structures Limited (513250)

  • CFO change with internal continuity:
  • Abdul Hameed Khan relinquished CFO but continues as Whole-time Director (term extended up to 30-Jun-2028).
  • Deepak Dinkar Salunke appointed CFO/KMP effective 15-Oct-2026.

Omkar Speciality Chemicals Limited (533317)

  • Director churn in independent category within days:
  • Muskaan Pherwani resigned effective 13-Oct-2026;
  • Shashi Kala Dhabriya appointed effective 15-Oct-2026.

5. Reappointments / Extensions (side notes)

Jyoti Structures Limited (513250)

  • Extension: Mr. Abdul Hameed Khan continued as Whole-time Director with term extended up to 30-Jun-2028 (while relinquishing CFO on 15-Oct-2026).

SKF India (Industrial) Limited (544572)

  • Term: Sujeeth Pai appointed as Managing Director for 5 consecutive years (from 1-Sep-2026).
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