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Management Changes

Saraswati Saree Depot appoints new Chairman after resignation

June 9, 2026 5 mins read Firehose Gupta

Daily Management Change Report (Last 24 hours)

0. Critical Alerts (Highest Priority)

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


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

Saraswati Saree Depot Limited (SSDL)

  • Change: Appointment (Chairman)
  • Person: Mr. Rajesh Dulhani
  • Role: Chairman (designated from Executive Director)
  • Effective Date: 08 June 2026 (immediate)
  • Context: Board approved appointment “in view of the resignation of Mr. Shankar Laxmandas Dulhani as Chairman and Executive Director.”

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

Mankind Pharma Limited (MANKIND)

  • Appointment: Mr. Nilesh Kulkarni as Head of Human Resource Functions of the Mankind Pharma Group (designated as Senior Management Personnel (SMP))
  • Effective Date: 08 June 2026 (immediate)
  • Resignation/cessation: Mr. Prateek Dubey ceased to be a SMP (transition to new roles)

Lemon Tree Hotels Limited (LEMONTREE)

  • Appointment: Mr. Kartikeya Kumar Singh as Chief Digital and Transformation Officer (SMP)
  • Effective Date: 08 June 2026

APL Apollo Tubes Limited (APLAPOLLO)

  • Resignation: Mr. Pankaj Sharma, CHRO (Chief Human Resources Officer) (SMP)
  • Effective Date: 17 June 2026 (close of business hours)
  • Stated Reason: “to pursue opportunity outside the organisation.”

Magadh Sugar & Energy Limited (MAGADSUGAR)

  • Resignation: Mr. Vikas Chandra Tyagi, Executive President (Sidhwalia unit) (SMP)
  • Effective Date: 30 June 2026 (close of business hours)
  • Stated Reason: “personal reasons” and to pursue other professional opportunities/career aspirations.

Intellect Design Arena Limited (INTELLECT)

  • Appointment: Mr. Deepak Dastrala as CEO – Purple Fabric (designated as SMP)
  • Effective Date: 07 June 2026

Shanthi Gears Limited (SHANTIGEAR)

  • Clarification/Update: CFO appointment effective date to be intimated upon joining; filing states Mr. Sudhir R was appointed as CFO on 04 June 2026 (with effect from his date of joining).

Medi-Caps Limited (MEDICAPS)

  • Resignation: Mr. Hemant Sethi, Chief Financial Officer & KMP
  • Effective Date: 06 June 2026 (close of business hours)
  • Stated Reason (as per filing): “to pursue career growth and professional opportunities.”

PS IT Infrastructure & Services Limited (PSITINFRA)

  • CFO Resignation (CIRP context): Mr. Rajesh Baliram Patole, CFO
  • Acceptance Date: 04 June 2026
  • Stated Reason: “Due to initiation of CIRP Process as well as due to personal reason (as appears in resignation letter).”

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

Intense Technologies Limited (INTENTECH)

  • Resignation: Mr. Jayant Dwarkanath — Executive & Whole-Time Director
  • Effective Date: 08 June 2026 (close of business hours)
  • Stated Reason: “personal reasons”
  • Resignation: Ms. Nishtha Yogesh — Independent Director
  • Effective Date: 08 June 2026 (close of business hours)
  • Stated Reason: “professional commitments and personal reasons”

Info Edge (India) Limited (NAUKRI)

  • Appointment: Ms. Radha Rajappa — Additional Director designated as Non-Executive Independent Director
  • Effective Date: 09 June 2026 (term: 09 Jun 2026–08 Jun 2031, subject to shareholder approval)
  • Appointment: Mr. Rajesh Magow — Additional Director designated as Non-Executive Independent Director
  • Effective Date: 09 June 2026 (term: 09 Jun 2026–08 Jun 2031, subject to shareholder approval)

UltraTech Cement Limited (ULTRACEMCO)

  • Cessation/Resignation (tenure completion): Mrs. Alka Bharucha — Independent Director
  • Effective Date: 08 June 2026
  • Reason: retirement post completion of second term

Tilaknagar Industries Limited (TI)

  • Cessation (tenure completion): Mr. Kishorekumar Ganpatrao Mhatre — Independent Director
  • Effective Date: 08 June 2026 (close of business hours)
  • Impact: also ceased as Chairman of Nomination & Remuneration Committee; member of Audit Committee and Risk Management Committee

IndusInd Bank Limited (INDUSINDBK)

  • Cessation (tenure completion): Mr. Pradeep Udhas — Non-Executive Independent Director
  • Effective Date: 08 June 2026 (close of working hours)

Allcargo Terminals Limited (ATL / ATLPP)

  • Resignation: Mr. Vaishnavkiran Shetty — Non-Executive, Non-Independent Director
  • Effective Date: 08 June 2026 (close of business hours)
  • Stated Reason: “pre-occupation and other professional commitments.”

Alkali Metals Limited (ALKALI)

  • Resignation: Mr. Murali Krishna Chevuturi — Independent Director
  • Effective Date: 08 June 2026 (close of business hours)
  • Stated Reason: “health reasons”

Gokul Agro Resources Limited (GOKULAGRO)

  • Appointment: Mr. Manharbhai Kurjibhai Jadav — Additional Director designated as Non-Executive Independent Director
  • Effective Date: 08 June 2026 (term: 5 years, subject to member approval)
  • Cessation (tenure completion): Mr. Keyoor Madhusudan Bakshi — Independent Director
  • Effective Date: 08 June 2026 (close of business hours)
  • Cessation (tenure completion): Mr. Pankaj Mangharam Kotak — Independent Director
  • Effective Date: 08 June 2026 (close of business hours)
  • Cessation (tenure completion): Ms. Pooja Hemang Khakhi — Independent Director
  • Effective Date: 08 June 2026 (close of business hours)
  • Note: Board also approved committee reconstitution effective 09 June 2026 (as part of the same circular-resolution set).

MMTC Limited (MMTC)

  • Cessation (tenure expiry): Smt. S Meenakshi — Non-Executive Independent Director
  • Effective Date: 08 June 2026

Rukmani Devi Garg Agro Impex Limited

  • Appointment: Mr. Ankur Garg — Additional Director (Independent)
  • Effective Date: 08 June 2026

Peoples Investments Limited (501144)

  • Resignation: Mr. Shantilal Pokharna — Non-Executive Non-Independent Director
  • Effective Date: 08 June 2026 (effective immediately)
  • Stated Reason: “reasons stated in his resignation letter” (no further detail in filing)

State Trading Corporation of India Limited (STCINDIA)

  • Appointment (additional charge): Shri Raghvendra Singh — Deputy Secretary, DoC holding additional charge as Director (Finance) (and Director (Marketing), PEC Ltd.)
  • Tenure: 1 year from date of taking charge or until further orders (whichever earlier)
  • Board date: “date of appointment on the Board… will be intimated accordingly”

Saraswati Saree Depot Limited (SSDL) (Board items)

  • Cessation: Mr. Maniklal Karmakar — Independent Director
  • Effective Date: 19 June 2026 (upon completion of term)
  • Re-appointment: Mr. Yatiraj Marda — Independent Additional Director
  • Term: 5 years (subject to shareholder approval); effective 20 June 2025 (as stated)
  • Re-appointment: Mr. Amar Thorat — Independent Additional Director
  • Term: 5 years (subject to shareholder approval); effective 02 August 2026 (as stated)

Gokul Agro Resources Limited (GOKULAGRO) (additional board items via postal ballot resolution set)

  • Postal ballot approvals (as stated):
  • Appointment of Mr. Rajesh Chhaganbhai Tarpara as Non-Executive Independent Director (effective May 15, 2026)
  • Appointment of Ms. Pritha Dev as Non-Executive Independent Director (effective May 15, 2026)

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

Gokul Agro Resources Limited (GOKULAGRO)

  • Clustered board changes on/around 08 June 2026: multiple Independent directors completed second terms and ceased office the same day, alongside appointment of a new Independent director and committee reconstitution effective 09 June 2026.

Intense Technologies Limited (INTENTECH)

  • Simultaneous director exits: Executive & Whole-Time Director and Independent Director both resigned effective 08 June 2026 (close of business hours).

Saraswati Saree Depot Limited (SSDL)

  • Chairman transition plus board reshaping: Chairman appointment on 08 June 2026 tied to resignation of the prior Chairman/ED; also includes Independent director cessation and re-appointments.

5. Reappointments / Extensions (Side Notes)

Can Fin Homes Limited (CANFINHOME)

  • Re-appointment (SMPs):
  • Shri D R Prabhu as Chief Compliance Officer (CCO): 24 July 2026–31 March 2027
  • Shri P. Ratheesh Kumar as Head of RBIA: 24 July 2026–(further 1 year)
  • Appointment (SMP): Shri U. Jagadish Bhat as Head of Credit Department: effective 01 July 2026

Gokul Agro Resources Limited (GOKULAGRO)

  • Committee reconstitution approved effective 09 June 2026 (as part of circulation resolutions), following Independent director cessations.