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Management Changes

DCB Bank reshuffles senior credit and compliance roles

October 24, 2026 5 mins read Firehose Gupta

Daily Management Change Report (Last 24 hours)

0. Critical Alerts (for-cause resignations)

No filings in the provided set contained a resignation “for cause” with governance/ethics/mismanagement-type wording.


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

Zee Learn Limited (533287 / ZEELEARN)

  • Change: Appointment (CFO + Whole-time Director)
  • Person: Mr. Rakesh Chaturvedi
  • Role: Chief Financial Officer (continuing) & Whole-time Director (Additional Director)
  • Effective Date: November 9, 2026
  • Context: Board approved appointment as Additional Director (Whole-time Director); he will continue as CFO (subject to member approval).

JK Tyre & Industries Limited (530007 / JKTYRE)

  • Change: Re-appointment
  • Person: Dr. Arun Kumar Bajoria
  • Role: Whole-time Director — Director & President – International
  • Effective Date: 20 January 2027
  • Context: Re-appointed for a term of two years, subject to member approval.

DCB Bank Limited (532772 / DCBBANK)

  • Change: Re-appointment
  • Person: Mr. Praveen Kutty
  • Role: Managing Director & CEO
  • Effective Date: April 29, 2027 to April 28, 2030
  • Context: Re-appointed for a further 3 years, subject to RBI terms and subsequent shareholders’ approval.

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

IndusInd Bank Limited (532187 / INDUSINDBK)

  • Appointment (effective Oct 23, 2026): Inclusion in Senior Management Personnel list
  • Persons added to SMP list (effective Oct 23, 2026):
  • Aman Kumar Rajoria (Head – Affluent Banking)
  • Amitabh Saraff (Head – Institutional & Government Coverage)
  • Gaurav Kurhade (Head – Personal Banking Products)
  • Harveer Singh (Head Digital)
  • Niraj Piyush Shah (Head – Corporate Banking Group)
  • Pradyumna Kumar Rath (Head – Bancassurance)
  • Raja Sekhar Kommuru (Co-Head – Transaction Banking Group)
  • Rajiv Kamra (Head – Real Estate & Warehousing Group)
  • Ramaswamy Gopalkrishnan (Head – Commercial Banking & Middle Markets)
  • Sashanka Dasaka (Head – Current Accounts)
  • Sheran Mehra (Head – Marketing & Communications)
  • Sriram A G (Head – Consumer Finance Division)
  • Sunit Madan (Head – Retail Assets & Credit Cards)
  • Vineet Dhar (Head – Branch Banking)

Unicommerce eSolutions Limited (544227 / UNIECOM)

  • Appointment: Mr. Prankur Chaturvedi
  • Role: Company Secretary (KMP)
  • Effective Date: October 23, 2026
  • Context: Board approved appointment as CS (KMP) with immediate effect.

Dr. Reddy’s Laboratories Limited (500124 / DRREDDY)

  • Appointment: Mr. Akhil Ravi
  • Role: Head API and Services (Senior Management Personnel) + Member of Management Council
  • Effective Date: November 13, 2026
  • Context: Induction into Management Council; will continue to be responsible for operations of Aurigene Pharmaceutical Services Ltd. (wholly owned subsidiary).

DCB Bank Limited (532772 / DCBBANK)

  • Resignation: Mr. Jayaram Vishwanath
  • Role: Head – Corporate Banking, Construction Finance & SME (SMP)
  • Effective Date: Last working day Nov 10, 2026; cessation as SMP close of business hours on Nov 10, 2026
  • Stated Reason: Resignation to explore opportunity outside the Bank.

  • Appointments / Role changes (effective Nov 2, 2026):

  • Appointment: Mr. Abhijit Bose — Head – Institutional Business (ceases to be Chief Credit Officer)
  • Appointment: Mr. Manoj Joshi — Chief Credit Officer (ceases to be Chief Compliance Officer)
  • Appointment: Mr. Shankershan Vasisth — Chief Compliance Officer for 3 years (Nov 2, 2026 to Nov 1, 2029)

Whirlpool of India Limited (500238 / WHIRLPOOL) — material subsidiary: Elica India

  • Resignation: Mr. Nishant Hundiwala
  • Role: Chief Financial Officer (Elica India)
  • Effective Date: March 31, 2027
  • Stated Reason: Personal reasons.

  • Appointment: Mr. Anish Ahuja

  • Role: Managing Director (Elica India)
  • Effective Date: April 1, 2027
  • Context: Takes over as MD after expiry of Mr. Pralhad Bhutada’s employment agreement.

  • Cessation (employment expiry): Mr. Pralhad Bhutada

  • Role: Managing Director & CEO (Elica India)
  • Effective Date: March 31, 2027 (term expiry)

  • Appointment/Move: Mr. Abhish Jain

  • Role: Chief Financial Officer (Elica India)
  • Effective Date: April 1, 2027

3. Board / Director Changes

Zee Learn Limited (533287 / ZEELEARN)

  • Appointment: Mr. Rakesh Chaturvedi
  • Role: Additional Director — Whole-time Director
  • Effective Date: November 9, 2026 (subject to member approval)

UCO Bank (532505 / UCOBANK)

  • Appointment: Shri Mohamed Ashraf J S
  • Role: Director (GOI nomination)
  • Effective Date: Immediate effect (from 23.10.2026), until further orders
  • Resignation/Cessation: Shri Hari Har Mishra
  • Effective Date: 23.10.2026 (ceased to be Director)

Indian Bank (532814 / INDIANB)

  • Appointment: Ms. Manasa Gangotri Kata
  • Role: Director (GOI nominee)
  • Effective Date: 23.10.2026 (immediate effect)
  • Resignation/Cessation: Shri Samir Kumar
  • Effective Date: 23.10.2026

TVS Holdings Limited (520056 / TVSHLTD)

  • Cessation: Ms. Sasikala Varadachari
  • Role: Non-Executive Independent Director (also Chairperson of Audit & NRC; member of multiple committees)
  • Effective Date: Close of business hours, 23.10.2026
  • Context: Tenure concluded upon completion.

Geojit Financial Services Limited (532285 / GEOJITFSL)

  • Re-appointment: Mr. Sebastian Morris
  • Role: Non-Executive Independent Director
  • Effective Date: w.e.f. 16.11.2026
  • Context: Second term of 45 consecutive months.

Arihant Superstructures Limited (506194 / ARIHANTSUP)

  • Appointment: Mr. Pradeep Mehta
  • Role: Additional Director — Non-Executive Independent
  • Effective Date: October 23, 2026
  • Term: 5 years (to Oct 22, 2031), not liable to retire by rotation.

Arco Leasing Limited (511038)

  • Resignation: Mr. Keyur Atul Shah
  • Role: Non-Executive Independent Director
  • Effective Date: close of business hours on 22.10.2026
  • Stated Reason: “Personal and Professional reasons” (no other material reasons stated).

Taylormade Renewables Limited (541228)

  • Resignation: Mr. Mayurkumar Ramanlal Joshi
  • Role: Independent Director
  • Effective Date: close of business hours on 23.10.2026
  • Stated Reason: “pre-occupation with other professional commitments.”

DroneAcharya Aerial Innovations Limited (543713 / DRONACHRYA)

  • Resignation: Mr. Mangina Srinivas Rao
  • Role: Independent Director
  • Effective Date: effective from 22.10.2026
  • Stated Reason: “pre-occupation elsewhere.”

DCB Bank Limited (532772 / DCBBANK)

  • Re-appointment: Mr. Thiyagarajan Kumar
  • Role: Non-Executive Independent Director
  • Effective Date: Feb 10, 2027 to Feb 09, 2030
  • Context: Second consecutive term of 3 years, subject to shareholders’ approval.

NTPC Limited (532555 / NTPC)

  • Appointment: Shri Diwakar Nath Misra
  • Role: Additional Director (Government Nominee)
  • Effective Date: 23.10.2026 (till tenure in Ministry of Power or further orders)
  • Context: MoP order dated 19.10.2026.

4. Notable Company-Specific Situations

DCB Bank Limited (532772 / DCBBANK)

  • Clustered senior reshuffles: simultaneous SMP changes across credit and compliance roles effective Nov 2, 2026, alongside a separate SMP resignation effective Nov 10, 2026.

Whirlpool of India Limited (500238 / WHIRLPOOL) — Elica India subsidiary

  • Coordinated leadership transition: MD/CEO employment expiry on Mar 31, 2027, with COO (Anish Ahuja) stepping into MD and CFO transition effective Apr 1, 2027, plus CFO resignation effective Mar 31, 2027.

5. Reappointments / Extensions (Side Notes)

  • Geojit Financial Services Limited: Sebastian Morris re-appointed as Independent Director for 45 months from 16.11.2026.
  • DCB Bank Limited: Thiyagarajan Kumar re-appointed as Independent Director for 3 years from 10.02.2027.
  • JK Tyre & Industries Limited: Dr. Arun Kumar Bajoria re-appointed as Whole-time Director for 2 years from 20.01.2027.
  • DCB Bank Limited: Praveen Kutty re-appointed as MD & CEO for 3 years from 29.04.2027.