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Management Changes

SJ Corporation reshuffles board and CFO after control change

May 31, 2026 5 mins read Firehose Gupta

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

0. Critical Alerts (for-cause resignations)

  • None identified in the provided filings where the resignation reason indicates governance/ethical/mismanagement concerns (e.g., “lack of access to information”, “governance concerns”, “ethical concerns”, “mismanagement allegations”, etc.).

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

SJ Corporation Ltd (SJCORP)

  • Change: Appointment (Additional)
  • Person: Mr. Pintu Kanjibhai Kalavadia
  • Role: Managing Director (Additional)
  • Effective Date: May 30, 2026
  • Context: Appointment “subject to approval of members”; linked to “change of Control and Management” (as per filing context).

  • Change: Appointment (Additional)

  • Person: Mr. Maulik Pravinbhai Dalsaniya
  • Role: Chairman (Non-Executive, Independent)
  • Effective Date: May 30, 2026
  • Context: “Appointed as a Chairman”; subject to approval of members.

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

Wardwizard Healthcare Limited (WARDWIZARD)

  • Appointment: Ms. Harshita Kharva
  • Role: Chief Financial Officer (CFO) (KMP)
  • Effective Date: May 30, 2026
  • Context: Board approved appointment based on Audit Committee and Nomination & Remuneration Committee recommendations.

SJ Corporation Ltd (SJCORP)

  • Appointment: Mr. Jagdish Vijaybhai Pambhar
  • Role: Chief Financial Officer (CFO)
  • Effective Date: May 30, 2026
  • Context: “Due to change of Control and Management” (as per board outcome context).

3. Board / Director Changes

Cambridge Technology Enterprises Limited (CTE)

  • Resignation: Mr. Sreenivas Medepalli (DIN: 08727174)
  • Role: Non-Executive & Independent Director
  • Effective Date: Close of business hours, May 08, 2026
  • Context: Resignation; Board accepted and recorded appreciation.

  • Appointment: Mr. Vivek Kumar Singh (DIN: 09029741)

  • Role: Additional Non-Executive & Independent Director
  • Effective Date: May 30, 2026
  • Context: Appointment subject to shareholders’ approval.

Tenneco Clean Air India Limited (TENNIND)

  • Resignation: Mr. Utsav Baijal (DIN: 02592194)
  • Role: Non-Executive Director
  • Effective Date: Close of business hours, May 30, 2026
  • Context: “due to his other preoccupations and professional commitments”; resignation letter also states “no other material reasons… other than those mentioned”.

  • Appointment: Mr. Noah Jesse Falk (DIN: 11665788)

  • Role: Additional Non-Executive Director
  • Effective Date: May 30, 2026
  • Context: Subject to shareholders’ approval within 3 months.

Panacea Biotec Limited (PANACEABIO)

  • Appointment: Mr. Rajinder Singh Manku (DIN: 09706881)
  • Role: Additional Non-Executive Independent Director
  • Effective Date: July 01, 2026
  • Context: Term of 5 consecutive years; subject to shareholders’ approval.

Alfavision Overseas (India) Ltd (ALFAVIO)

  • Resignation: Mrs. Niharika Roongta (DIN: 08858090)
  • Role: Independent Director
  • Effective Date: Close of business hours, May 30, 2026
  • Context: “professional commitments and engagements in other assignments”; resignation letter confirms no other reason.

3B Films Limited (3BFILMS)

  • Resignation: Ms. Mital Dipen Devani (DIN: 11311899)
  • Role: Non-Executive Independent Director
  • Effective Date: Close of business hours, May 30, 2026
  • Context: “pre occupation and other personal commitments”; confirms no other material reasons.

SJ Corporation Ltd (SJCORP) (board reshuffle tied to control change)

  • Appointment: Mr. Prashant Kanjibhai Kalavadia (DIN: 02170444)
  • Role: Executive Director (Additional)
  • Effective Date: May 30, 2026
  • Context: Appointment subject to shareholders’ approval.

  • Appointment: Ms. Ekta Ankur Dholakia (DIN: 10150882)

  • Role: Non-Executive Independent Woman Director (Additional)
  • Effective Date: May 30, 2026
  • Context: Appointment subject to shareholders’ approval.

  • Appointment: Mr. Pragnesh Kishorbhai Sonchhatra (DIN: 11605316)

  • Role: Non-Executive Independent Director (Additional)
  • Effective Date: May 30, 2026
  • Context: Appointment subject to shareholders’ approval.

  • Change in designation (not a resignation): Mr. Deepak Bhikhalal Upadhyay (DIN: 02270389)

  • From/To: Managing Director → Executive Non-Independent Director
  • Effective Date: May 30, 2026
  • Context: “Change in Designation”.

  • Resignation: Mr. Ashish Dhirubhai Satani

  • Role: CFO (resignation from CFO post)
  • Effective Date: May 30, 2026 (after closure of business hours)
  • Context: “Due to Change in Management Control.”

  • Cessation from Director role (due to management control change):

  • Mr. Savjibhai Dungarshibhai Patel (DIN: 01671461) — Director (cessation May 30, 2026)
  • Mrs. Usha Savjibhai Patel (DIN: 06986525) — Director (cessation May 30, 2026)
  • Ms. Hiral Jainesh Shah (DIN: 09810987) — Independent Director (cessation May 30, 2026)
  • Mr. Prakashkumar Govindbhai Nakarnai (DIN: 10753235) — Independent Director (cessation May 30, 2026)

4. Notable Company-Specific Situations

SJ Corporation Ltd (SJCORP)

  • High concentration of governance/management changes in one event: multiple director cessations/resignations plus new appointments including MD (Additional), Chairman, and CFO, all effective May 30, 2026, explicitly linked to “change of Control and Management.”

Tenneco Clean Air India Limited (TENNIND)

  • Simultaneous board churn: resignation of one non-executive director (effective May 30, 2026) and appointment of another additional non-executive director (effective May 30, 2026), plus committee reconstitution effective May 30/28, 2026.

5. Reappointments / Extensions (side notes)

(Not limited to CEO/CFO/Chairman/MD; included only where explicitly stated in filings.)

True Green Bio Energy Limited (TRUEGREEN)

  • Appointment: Internal Auditor M/s JPMK & Co (re-appointment) for FY 2026-27 (board meeting May 30, 2026).
  • Appointment: Cost Auditor M/s Bhavin Katariya & Associates for FY 2026-27 (board meeting May 30, 2026).

Bharat Agri Fert & Realty Ltd (BHARATAGRI)

  • Re-appointment: Internal Auditor M/s A Chaturvedi & Associates for FY 2026-27.
  • Re-appointment: Cost Auditor M/s SR. Singh & Co. for FY 2026-27.
  • Re-appointment: Tax Auditor M/s Desai Saksena & Associates for FY 2026-27.
  • (Also filed modified audit opinion disclosures for FY ended March 31, 2026, but that is not a management change.)

Donear Industries Limited (DONEAR)

  • Re-appointment: Cost Auditor M/s Y. R. Doshi & Co. for FY 2026-27.

My Money Securities Limited (MYMONEY)

  • Re-appointment: Internal Auditor M/s B.B. Mathur & Co. for FY 2026-27.

Harish Textile Engineers Limited (HARISH)

  • Re-appointment: Cost Auditor M/s Y. S. Thakar & Co. for FY 2026-27.

Globe Civil Projects Limited (GLOBECIVIL)

  • Re-appointment: Cost Auditor M/s Jain Sharma & Associates for FY 2026-27.
  • Re-appointment: Internal Auditor M/s Rajnish & Associates for FY 2026-27.

Asian Tea & Exports Limited (ASIANTEA)

  • Appointment: Internal Auditor M/s Yash & Associates for FY 2026-27 (after completion of tenure of M/s Arya Agarwal & Associates).

Bandaram Pharma Packtech Limited (BANDARAM)

  • Appointment: Internal Auditor M/s MGR & Co. for FY 2026-27.

Signet Industries Limited (SIGIND)

  • Appointment: Cost Auditor M/s Dhananjay V. Joshi & Associates for FY 2026-27.
  • Appointment: Internal Auditor Mr. Ritesh Bhansali for FY 2026-27.

B.R. Goyal Infrastructure Limited (BRGIL)

  • Appointment: Internal Auditor M/s Aman Jindal & Co. for FY 2026-27.
  • Appointment: Cost Auditor M/s Dhananjay V. Joshi & Associates for FY 2026-27.

GLOBE CIVIL PROJECTS / others

  • Several other filings in the set were auditor/cost/internal-auditor appointments only (no KMP/board leadership changes).

If you want, I can also provide a separate appendix listing all auditor/internal/cost auditor appointments (since many filings are of that type) while keeping the main report strictly leadership-focused.