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Management Changes

Canara Bank appoints new MD & CEO; other KMP shifts

June 2, 2026 4 mins read Firehose Gupta

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

0. Critical Alerts (for-cause resignations)

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


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

Canara Bank (CANBK)

  • Change: Appointment
  • Person: Shri Brajesh Kumar Singh
  • Role: Managing Director & Chief Executive Officer (MD & CEO)
  • Effective Date: 01 June 2026 (assumed charge)
  • Context: Appointed by Central Government; tenure till 30.04.2029 or until further orders (whichever earlier).

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

Anand Rathi Wealth Limited (ANANDRATHI)

  • Appointment: Mr. Chirag Ramesh Muni as Chief Process Officer
  • Effective Date: 01 June 2026
  • Context: Appointment as Senior Management Personnel (as per filing).

Poly Medicure Limited (POLYMED)

  • Appointment: Mr. Indranil Mukherjee as Chief Executive Officer – Asia Pacific and India Business (SMP)
  • Effective Date: 01 June 2026
  • Context: SMP appointment; reports directly to MD.

Alembic Pharmaceuticals Limited (APLLTD)

  • Designation/Appointment: Mr. Ramesh Juneja designated as Senior Management Personnel
  • Effective Date: 01 June 2026
  • Context: Designated as SMP (Executive VP – Human Health (Sales & Marketing) India Business).

Multi Commodity Exchange of India Limited (MCX)

  • Appointment: Mr. Manoj Jain as Executive Director (Regulatory, Compliance, Risk Management & Investor Grievances)
  • Effective Date: 01 June 2026 (assumed office)
  • Context: Assumed office; KMP designation for 5 years (as per filing).

Protean eGov Technologies Limited (PROTEAN)

  • Cessation: Mr. V Easwaran ceased to be Interim CEO
  • Effective Date: 01 June 2026
  • Context: Ceases Interim CEO role upon commencement of tenure of new MD & CEO; continues as WTD & COO.

Arvind SmartSpaces Limited (ARVSMART)

  • Resignation: Mr. Manoj Chellani (Chief Business Officer, South)
  • Effective Date: 31 May 2026 (after close of business hours)
  • Context: Resigned to pursue better career opportunity outside the group.

Oberoi Realty Limited (OBEROIRLTY)

  • Resignation: Mr. Rohit Agarwal (Deputy Vice President – Sales & CRM)
  • Effective Date: 31 May 2026
  • Context: Resignation from senior management role (project-specific).

Purple Finance Limited (PURPLEFIN)

  • Re-appointment/Appointment: Board approved re-appointment of Ms. Sumeet Sandhu and appointment of Mr. Sriram Kalyanaraman as Independent Directors (covered under Board section below; no SMP changes stated).

KEI Industries Limited (KEI)

  • Change: Redesignation
  • Person: Mrs. Vedika Gupta
  • Role: General Manager–Procurement → Vice President
  • Effective Date: 01 June 2026
  • Context: Redesignation only.

Force Motors Limited (FORCEMOT)

  • Resignation: Mr. Manoj Laxman Patil (Manager – Safety; SMP)
  • Effective Date: 01 June 2026
  • Context: Resigned on account of personal reason.

MEP Infrastructure Developers Limited (MEP)

  • Resignation: Mr. Rajendra Pawar as CFO (CFO is excluded from this section, but filing is CFO resignation)
  • Effective Date: 31 May 2026 (close of business hours)
  • Context: Resigned due to evolving professional commitments and new opportunities (no other material reasons).

Authum Investment & Infrastructure Limited (AIIL)

  • Resignation: Mr. Amit Kumar Jha as CFO
  • Effective Date: 01 June 2026 (close of business hours)
  • Context: Resigned to pursue better career opportunities.

Excelsoft Technologies Limited (EXCELSOFT)

  • Resignation: Mr. Subramaniam Ravi as CFO & KMP
  • Effective Date: 31 Aug 2026 (close of business on last working day)
  • Context: Resignation due to health reasons and family well-being.

MSL Global Limited (MSL GLOBAL / formerly Madhusudan Securities) (511000)

  • Resignation: Mr. Vishwanatha Srinivas as CFO & KMP
  • Effective Date: 31 May 2026 (close of business hours)
  • Context: Resigned to pursue another career opportunity.

Arman Holdings Limited (ARMAN)

  • No CEO/CFO/COO changes stated in the provided excerpt; only board composition changes and internal auditor appointment.

3. Board / Director Changes (Independent/NED/Additional)

Arman Holdings Limited (ARMAN)

  • Resignation: Mr. Abhishek Tejawat — Non-Executive Independent Director
  • Effective Date: 30/01/2026 (after close of business hours) (as stated in filing)
  • Appointment: Mr. Ravi Jitendra Modi — Additional Director (Non-Executive Independent Director)
  • Effective Date: 31/05/2026
  • Term: 5 consecutive years (till 30/05/2031), subject to member approval.

Shashank Traders Limited (SHASHANK)

  • Resignation: Mr. Praveen Jaswant Rai Jain — Managing Director / Chairman cum Managing Director
  • Effective Date: 30 May 2026 (close of working hours)
  • Appointment: Mr. Pramod Kumar Shah — Additional Director (Independent Director)
  • Effective Date: 30 May 2026
  • Term: 5 years (subject to shareholder approval)

Ace Men Engg Works Limited (ACE MEN ENGG WORKS) (539661)

  • Resignation: Mr. Sourabh Gopichand Gaikwad — Independent Director
  • Effective Date: 01 June 2026 (close of working hours)
  • Reason (from filing): “Due to preoccupation”

Flexituff Ventures International Limited (FLEXITUFF) (FLEXITUFF)

  • Resignation: Mr. Sunil Ramsinghani — Non-Executive Independent Director
  • Effective Date: 01 June 2026
  • Reason (from filing): personal reasons

Purple Finance Limited (PURPLEFIN)

  • Appointment: Mr. Sriram Kalyanaraman — Independent Director
  • Effective Date: 26 June 2026 (subject to shareholder approval)
  • Term: 3 years
  • Re-appointment: Ms. Sumeet Sandhu — Independent Director
  • Effective Date: 28 June 2026 (subject to shareholder approval)
  • Term: 3 years

ICICI Bank Limited (ICICIBANK)

  • Appointment: Mr. Ashwani Bhatia — Additional (Independent) Director
  • Effective Date: 01 June 2026 to 31 May 2031 (subject to shareholder approval)

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

Shashank Traders Limited (SHASHANK)

  • Clustered management change on/around 30 May 2026:
  • MD/Chairman cum MD resignation: Mr. Praveen Jaswant Rai Jain (effective close of working hours 30 May 2026)
  • KMP resignations recorded: CFO (Nipun Praveen Jain) and Company Secretary (Renu Lahoti) (effective close of business hours 30 May 2026)
  • New KMP appointments approved: Company Secretary (Biswashree Pati), CFO (Om Prakash Lohia), and CXO (Pranay Ganeriwala) effective 01 June 2026
  • Board reconstitution: Independent director appointment (Pramod Kumar Shah) and committee reconstitution with immediate effect.

5. Reappointments / Extensions (side notes)

  • Purple Finance Limited (PURPLEFIN): Re-appointment of Ms. Sumeet Sandhu as Independent Director for 3 years (effective 28 June 2026; subject to shareholder approval).
  • Arman Holdings Limited (ARMAN): Board reconstitution and committee re-composition effective 31/05/2026 (no CEO/CFO/MD reappointment stated in excerpt).

If you want, I can also provide a separate table-only view (Company → role → person → effective date) for faster scanning.