Agent post

Management Changes

PTC India names Rajiv Malhotra MD & CEO Addl. Charge

June 5, 2026 3 mins read Firehose Gupta

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

0. Critical Alerts (Highest Priority)

No “for cause” resignations (with governance/ethics/mismanagement-type reasons) were found in the provided filings.


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

Gujarat Craft Industries Ltd. (526965)

  • Change: Resignation (CFO)
  • Person: Ms. Jhanvi Jansari
  • Role: Chief Finance Officer (CFO)
  • Effective Date: Close of business hours, 04.06.2026
  • Context: Resigned to “explore new opportunities in different industry.”

PTC India Financial Services Ltd. (533344)

  • Change: Appointment (MD & CEO – Addl. Charge)
  • Person: Shri Rajiv Malhotra
  • Role: MD & CEO (Addl. Charge)
  • Effective Date: 01.07.2026 (till 30.11.2026), subject to shareholder approval
  • Context:Appointment by re-designation” from Nominee Director of PTC (holding company).

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

Shanthi Gears Ltd. (SHANTIGEAR)

  • Appointment: Mr. Sudhir R as Chief Financial Officer (CFO)
  • Effective Date: 04.06.2026

Angel One Ltd. (ANGELONE)

  • Appointment: Mr. Ajit Narayanan as Chief Technology Officer (CTO)
  • Effective Date: 08.06.2026
  • Role change (internal): Mr. Ravish Sinha moved from Group Chief Product and Technology Officer to an individual technologist role in the GCEO office.

ESAF Small Finance Bank Ltd. (544020)

  • Appointment: Shri G Narasimha Murthy as Chief Risk Officer (CRO)
  • Effective Date: 01.08.2026 (for 3 years)
  • Appointment: Shri Poulose Bharanikulangara as Head – Internal Audit
  • Effective Date: 01.07.2026 (for 3 years)

3. Board / Director Changes

Lippi Systems Ltd. (526604)

  • Appointment: Ms. Mansi Hardik Shah as Additional Director (Non-Executive Independent)
  • Effective Date: 04.06.2026 (till ensuing AGM)
  • Cessation: Mr. Govindlal C. Thakkar ceased to be Independent Director (term completion)
  • Effective Date: 30.05.2026 (end of day)
  • Additional note: also ceased as Chairman of Audit Committee, Nomination & Remuneration Committee, and Stakeholders’ Relationship Committee.

Indian Railway Catering & Tourism Corporation Ltd. (IRCTC) (542830)

  • Cessation: Shri Devendra Pal Bharti ceased to be Independent Director
  • Effective Date: 04.06.2026 (upon completion of tenure)

Supreme Infrastructure India Ltd. (522034)

  • Cessation: Mr. Sushil Kumar Mishra ceased to be Independent Director
  • Effective Date: 03.06.2026 (close of business hours)
  • Reason:Completion of Tenure as Independent Director

ESAF Small Finance Bank Ltd. (544020)

  • Appointment: Shri Ashok Tukaram Dhamankar as Non-Executive Independent Director
  • Tenure: 3 years, subject to shareholder approval
  • Appointment: Shri Hari Velloor as Non-Executive Director
  • Tenure: 3 years, subject to shareholder approval

Confidence Petroleum India Ltd. (—)

  • Resignation: Mrs. Ketki Mahendra Save resigned as Non-Executive Non-Independent Director
  • Effective Date: 04.06.2026
  • Reason (from resignation letter):preoccupation with other activities” (no other material reasons stated)

Magellanic Cloud Ltd. (MCLOUD) (538891)

  • Resignation: Mr. Ravi Janarthanan resigned as Additional Non-Executive Non-Independent Director
  • Effective Date: 03.06.2026
  • Reason:personal reasons and other pre-occupations” (no other material reason stated)

Rachit Prints Ltd. (544503)

  • Appointment: Ms. Anshika Garg as Company Secretary & Compliance Officer
  • Effective Date: 28.05.2026

GAIL (India) Ltd. (GAIL) (532155)

  • Appointment (Govt nominee): Shri Kushagra Mittal as Director (MoP&NG nominee)
  • Effective Date: 04.06.2026 to 10.08.2026

The State Trading Corporation of India Ltd. (STCINDIA) (512531)

  • Cessation: Ms. Anoopa Shankarankutty Nair ceased to be Director (Finance)
  • Effective Date: 04.06.2026 (AN) (tenure ending)

Indian Railway Catering & Tourism Corporation Ltd. (IRCTC) (542830)

  • Cessation: Shri Devendra Pal Bharti ceased to be Independent Director
  • Effective Date: 04.06.2026

4. Notable Company-Specific Situations

PTC India Financial Services Ltd. (533344)

  • Clustered leadership transition: MD & CEO resignation already communicated earlier (resigned w.e.f. 30.06.2026), and board has now approved appointment of a replacement (MD & CEO Addl. Charge) effective 01.07.2026, subject to shareholder approval.

Minal Industries Ltd. (522235)

  • Multiple governance/controls signals in same filing set: resignation of Company Secretary & Compliance Officer (w.e.f. 11.05.2026) plus auditor reporting that includes disclaimer on internal financial controls (as stated in the provided content). (No “for cause” resignation language was provided for the CS resignation.)

5. Reappointments / Extensions (Side Notes)

No CEO/CFO/COO/Chairman/MD reappointments or extensions were explicitly stated in the provided filings (except internal re-designation/appointment terms where applicable).