Daily Management Change Report (BSE filings – last 24 hours)
0. Critical Alerts (for-cause resignations)
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)
Karnataka Bank Limited (KTKBANK)
- Change: Resignation (COO – Senior Management Personnel)
- Person: Mr. Raja B S
- Role: Chief Operating Officer (COO)
- Effective Date: Close of business hours, 19.10.2026
- Context: Resigned “for pursuing further career and passion beyond the Karnataka Bank Limited.”
Cubical Financial Services Limited (CUBIFIN)
- Change: Appointment
- Person: Mr. Manoj Agrawal
- Role: Managing Director (MD) (designation changed from Executive Director to MD w.e.f. 19.10.2026)
- Effective Date: 19.10.2026
- Context: Board approved appointment as Additional Executive Director and “designation… changed to Managing Director w.e.f. 19th October, 2026 for a term of 5 Years.”
AksharChem (India) Limited (AKSHARCHEM)
- Change: Re-appointment / designation change
- Person: Mr. Munjal M. Jaykrishna
- Role: Managing Director & CEO
- Effective Date: 19.10.2026
- Context: “change in designation and re-appointment… as Managing Director & CEO… for a term of three consecutive years” (subject to shareholders’ approval).
UltraTech Cement Limited (ULTRACEMCO)
- Change: Board role relinquishment + re-designation (Chairman/Vice Chairman category)
- Person: Mr. K. K. Maheshwari
- Role: Non-Executive Vice Chairman
- Effective Date: 01.01.2027
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Context: “Relinquishment… due to his current engagements and other personal commitments.”
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Change: Re-designation
- Person: Mr. Kailash Chandra Jhanwar
- Role: Non-Executive Vice Chairman
- Effective Date: 01.01.2027
- Context: “re-designation… as Non-Executive Vice Chairman” (after completing MD term on 31.12.2026).
2. Executive Management Changes (below CEO/CFO/COO)
SIS Limited (SIS)
- Resignation: Mr. Vineet Toshniwal
- Role: President (M&A and Investor Relations)
- Effective Date: Last working day 31.01.2027 (cessation from closure of business hours on 31.01.2027)
- Context: “due to personal reasons.”
IRCTC – Indian Railway Catering & Tourism Corporation Limited (IRCTC)
- Cessation: Sh. Suresh Kumar Sharma
- Role: Group General Manager/Services (One level below Board – Senior Management Personnel) on deputation
- Effective Date: 19.10.2026 (AN)
- Context: “repatriated… prematurely on his own request.”
Jaiprakash Power Ventures Limited (JPPOWER)
- Appointment: Mr. Jigar Dalal
- Role: Chief Financial Officer (CFO)
- Effective Date: 01.11.2026
- Context: Board appointment as CFO (KMP).
Diamond Power Infrastructure Limited (DIACABS)
- Appointment: Mr. Kundip S. Thakker
- Role: Chief Financial Officer (CFO) & KMP
- Effective Date: 20.10.2026
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Context: Board approved CFO appointment.
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Cessation/Redesignation: Mr. Pawan Lohiya
- Role: CFO (ceases) → Deputy CFO
- Effective Date: CFO cessation close of business hours 19.10.2026; redesignation 20.10.2026
- Context: “cessation… is not on account of resignation.”
Koura Fine Diamond Jewelry Limited (543346)
- Resignation: Ms. Charmi Lodhiya
- Role: CFO & KMP
- Effective Date: 19.10.2026 (last working day)
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Context: “due to better career growth.”
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Appointment: Mr. Soham Kamlesh Lodhiya
- Role: CFO & KMP
- Effective Date: 19.10.2026
- Context: Board appointed CFO with effect from 19.10.2026.
Microse India Limited (523343)
- Resignation: Mr. Amit Mishra
- Role: Group Chief Financial Officer / CFO & KMP
- Effective Date: 01.11.2026
- Context: “due to personal reasons.”
DHVIJA Finance Limited (Formerly F Mec International Financial Services Limited) (DHVIJA)
- Resignation: Ms. Mahima Jain
- Role: CFO & KMP
- Effective Date: Immediate effect (resignation received 19.10.2026)
- Context: “due to personal and unavoidable circumstances.”
Bajaj Finance Limited (BAJFINANCE)
- Re-appointment: Prashant Verma
- Role: Chief Information Security Officer (CISO) (senior management; not in CEO/CFO/COO list)
- Effective Date: 01.02.2027
- Context: “re-appointment… for a period of three (3) years” (subject to regulatory approvals).
Quantum Digital Vision (India) Limited (QUANTUM)
- Appointment: Mr. Mukesh Agarwal
- Role: Company Secretary & Compliance Officer (KMP)
- Effective Date: 19.10.2026
- Context: Appointment as CS & Compliance Officer.
Bhandari Hosiery Exports Limited (BHANDARI)
- Cessation/Resignation: Mrs. Shilpa Tiwari
- Role: Company Secretary & Compliance Officer (KMP)
- Effective Date: Close of business hours 17.10.2026
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Context: “due to personal reasons.”
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Appointment: Mr. Ankit Singla
- Role: Company Secretary & Compliance Officer (KMP)
- Effective Date: 21.10.2026
- Context: Appointment as CS & Compliance Officer.
Koura Fine Diamond Jewelry Limited (543346)
- Appointment/Resignation already covered above (CFO transition).
3. Board / Director Changes (Independent/Non-executive/Additional directors)
Jaiprakash Power Ventures Limited (JPPOWER)
- Appointment: Mr. Ravi Kapoor
- Role: Independent Director (Additional Director – Independent)
- Effective Date: 19.10.2026
- Context: “first term of three (3) consecutive years” (subject to shareholder approval).
Rose Merc Limited (ROSEMER)
- Appointment: Ms. Niti Trivedi
- Role: Additional Director designated as Executive Director
- Effective Date: 19.10.2026
- Context: Additional Executive Director “till October 18, 2031” (subject to shareholder approval).
Indiqube Spaces Limited (INDIQUBE)
- Resignation: Mr. Avalur Gopalaratnam Muralikrishnan
- Role: Independent Director
- Effective Date: Close of business hours 19.10.2026
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Context: Board “took on record resignation” (no reason stated in filing).
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Appointment: Mr. Ishwar Subramanian
- Role: Additional Independent Director
- Effective Date: 19.10.2026
- Context: Appointment as Additional Independent Director; also recommended for Independent Director term 5 years (to 18.10.2031) subject to shareholder approval (via postal ballot).
BF Utilities Limited (BFUTILITIE)
- Appointment (approved by members): Mr. Ajay Charuchandra Kirtane
- Role: Non-Executive Independent Director
- Effective Date: September 07, 2026 (members approved via postal ballot; voting period noted)
- Context: Company confirms members approved the special resolution.
Amba Enterprises Limited (539196)
- Resignation: Mr. Dhirendra Popatlal Mehta
- Role: Non-Executive Independent Director
- Effective Date: 25.10.2026
- Context: Resignation “upon attaining the age of 75 years.”
Piramal Finance Limited (PIRAMALFIN)
- Appointment: Mr. Dinesh Khara
- Role: Additional Independent Director
- Effective Date: 19.10.2026
- Context: “term of 5 years” subject to shareholder approval.
UltraTech Cement Limited (ULTRACEMCO)
- Relinquishment: Mr. K. K. Maheshwari
- Role: Non-Executive Vice Chairman
- Effective Date: 01.01.2027
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Context: Due to “current engagements and other personal commitments.”
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Re-designation: Mr. Kailash Chandra Jhanwar
- Role: Non-Executive Vice Chairman
- Effective Date: 01.01.2027
- Context: After completing MD term on 31.12.2026.
Cubical Financial Services Limited (CUBIFIN)
- Resignations (Directors):
- Mr. Ashwani Kumar Gupta — Executive Director & Managing Director (effective 19.10.2026)
- Mr. Subhash Kumar Changoiwala — Independent Director (effective 19.10.2026)
- Mr. Ram Gopal Dalmia — Independent Director (effective 19.10.2026)
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Ms. Jyoti Choudhary — Non-Executive Non-Independent Director (effective 19.10.2026)
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Appointments (Additional Directors):
- Mr. Manoj Agrawal — Executive Director (effective 19.10.2026; later designated MD)
- Mr. Amit Kumar Saraogi — Executive Director (effective 19.10.2026)
- Ms. Ritu Bansal — Non-Executive Non-Independent Director (effective 19.10.2026)
- Mr. Shrikrishan Gupta — Non-Executive Non-Independent Director (effective 19.10.2026)
- Ms. Komal Jain — Non-Executive Independent Director (effective 19.10.2026)
- Mr. Sudhanshu Shekhar — Non-Executive Independent Director (effective 19.10.2026)
- Mr. Neeraj Bajaj — Non-Executive Independent Director (effective 19.10.2026)
NBCC (India) Limited (NBCC)
- Appointment: Shri Ashutosh Gautam
- Role: Director (Projects)
- Effective Date: 19.10.2026 (assumption of charge)
- Context: Government approval conveyed; term until 30.04.2029 or earlier (as per filing).
Quantum Digital Vision (India) Limited (QUANTUM)
- Appointment: Ms. Avantika Himalay Dassani
- Role: Additional Non-Executive Non-Independent Director
- Effective Date: 19.10.2026
- Context: Appointment as Additional director (term until next GM).
4. Notable Company-Specific Situations (clustering within a company)
Cubical Financial Services Limited (CUBIFIN)
- High clustering: Multiple board/director resignations and multiple director appointments plus CFO resignation and MD/CFO appointments all effective 19.10.2026, tied to completion of an open offer / change in management and control.
5. Reappointments / Extensions (side notes)
AksharChem (India) Limited (AKSHARCHEM)
- Re-appointment: Mr. Sachin M. Jaykrishna as Whole Time Director (Executive Director) for 3 years w.e.f. 02.08.2027 (subject to shareholders’ approval).
Bajaj Finance Limited (BAJFINANCE)
- Re-appointment: Prashant Verma as CISO for 3 years w.e.f. 01.02.2027 (subject to regulatory approvals).