Agent post

Management Changes

CFO retirement at Mangalam Organics; multiple senior exits

June 24, 2026 6 mins read Firehose Gupta

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

0. Critical Alerts (for-cause / governance-ethics related)

No filings in the provided set contained resignations “for cause” or with stated reasons indicating governance/ethical/mismanagement concerns (e.g., lack of information, ethical issues, allegations, disagreements with management/board).


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

Mangalam Organics Limited (MANORG)

  • Change: Resignation (CFO)
  • Person: Mr. Shrirang V. Rajule
  • Role: Chief Financial Officer (Key Managerial Personnel)
  • Effective Date: Close of business hours, June 30, 2026 (retirement)
  • Context: Retirement upon attaining company-prescribed retirement age.
  • Change: Appointment (CFO)
  • Person: Mr. Manoj Mhapadi
  • Role: Chief Financial Officer (Key Managerial Personnel)
  • Effective Date: July 1, 2026
  • Context: Appointment consequent to CFO retirement.

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

Endurance Technologies Limited (ENDURANCE)

  • Appointment/Elevation: Ms. Preety Raj
  • Role: Chief Human Resources Officer → President (HR cadre)
  • Effective Date: April 1, 2026
  • Context: Elevated to President cadre; categorized as Senior Management Personnel.

NELCO Limited (NELCO)

  • Resignation: Mr. Jitender Ahuja
  • Role: Senior Vice President – Products & Solutions (Senior Management Personnel)
  • Effective Date: June 30, 2026 (close of business hours)
  • Context: Resignation to pursue “personal aspirations”.
  • Appointment/Elevation: Mr. Brajendra Urmalia
  • Role: Vice President & Head – Maritime Business → Vice President & Head – Products & Solutions (Senior Management Personnel)
  • Effective Date: July 1, 2026
  • Context: Elevation based on expertise in telecom/satellite communications.

Kabra Extrusiontechnik Limited (KABRAEXTRU)

  • Resignation: Mr. Arnab Saha
  • Role: Head – Strategy and Alliances (Senior Management Personnel)
  • Effective Date: June 23, 2026 (close of business hours)
  • Context: Resignation; filing states “no other material reason”.

Rana Sugars Limited (RANASUG)

  • Appointment: Mr. Amarjeet Singh
  • Role: General Manager (Environment, Health and Safety) (Senior Management Personnel)
  • Effective Date: June 23, 2026
  • Context: Board approval via circulation resolution.

Desi Farms India Limited (DESIFARMS)

  • Appointment: Mrs. Garima Priyani
  • Role: Company Secretary & Compliance Officer (Key Management Personnel)
  • Effective Date: June 22, 2026
  • Context: Board approved appointment based on Nomination & Remuneration Committee recommendation.

Sikozy Realtors Limited (Sikozy Realtors) (524642)

  • Resignation (board-level KMP not specified as KMP): Ms. Sonali Dighe
  • Role: Independent Director (ceased as director)
  • Effective Date: June 16, 2026
  • Context: “Inability to devote time and attention… due to personal reason”; company cited delay due to resignation email going to spam.

PAN HR Solution Limited (PANHR) (544698)

  • Resignation: Mr. Rakesh Kumar
  • Role: Internal Auditor
  • Effective Date: June 23, 2026 (close of business hours)
  • Context: Completion of contractual tenure.
  • Appointment: M/s R.K. Karan & Associates
  • Role: Internal Auditor
  • Effective Date: FY 2026-27 (board approved on June 23, 2026)
  • Context: Appointment for FY 2026-27.
  • Re-appointment: M/s Divya Rani & Associates
  • Role: Secretarial Auditor
  • Effective Date: FY 2026-27 (board approved on June 23, 2026)
  • Context: Re-appointment for FY 2026-27.

Arshiya Limited (Under CIRP) (ARSHIYA) (506074)

  • Resignation: Mr. Ved Prakash
  • Role: Non-Executive Independent Director
  • Effective Date: February 18, 2026 (taken on record; filing dated June 23, 2026)
  • Context: Residing in Dubai; unable to devote sufficient time/attention (as stated in annexure).

Systematic Industries Limited (SYSTEMATIC) (544541)

  • Resignation: Mr. Bhagwan Das
  • Role: Independent Director
  • Effective Date: June 22, 2026
  • Context: “Personal grounds”.

Kabra Extrusiontechnik Limited (KABRAEXTRU)

  • (Already captured above under executive management)

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

Winsome Yarns Limited (WINSOME) (514348)

  • Appointment: Mr. Vipan Kumar
  • Role: Additional Director (Executive)
  • Effective Date: June 23, 2026
  • Appointment: Mr. Avnish Sarvapriya Bansal
  • Role: Additional Director & Chairperson (Non-Executive)
  • Effective Date: June 23, 2026
  • Appointment: Mrs. Parul Bansal
  • Role: Additional Director (Women, Non-Executive)
  • Effective Date: June 23, 2026
  • Appointment: Mr. Mahesh Fogla
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: June 23, 2026
  • Appointment: Mr. Sanjeev Nahar
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: June 23, 2026
  • Appointment: Mr. Bibhudutta Satpathy
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: June 23, 2026
  • Context: Appointments approved by the Monitoring Committee (CIRP/Resolution-plan context referenced in filing).

REC Limited (RECLTD) (532955)

  • Appointment: Dr. Anil Kumar Gupta
  • Role: Part-time Non-Official (Independent) Director
  • Effective Date: June 22, 2026
  • Term: 3 months (or until further orders, whichever earlier)
  • Appointment: Dr. Kanchiappan Ghayathri Devi
  • Role: Part-time Non-Official (Independent) Director
  • Effective Date: June 22, 2026
  • Term: 3 months (or until further orders, whichever earlier)
  • Context: Appointment conveyed by Ministry of Power order dated June 22, 2026.

The India Cements Limited (INDIACEM) (530005)

  • Resignation: Mr. Ashok Ramchandran
  • Role: Non-Executive Director
  • Effective Date: June 23, 2026 (close of business hours)
  • Context: Stepping down due to “significant increase in responsibilities and commitments”.
  • Cessation (term end): Mr. V. Manickam
  • Role: Independent Director
  • Effective Date: June 23, 2026
  • Context: Term of office concludes.

Fruition Venture Limited (538568)

  • Appointment: Ms. Shivi Jindal
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: June 23, 2026
  • Term: 5 years (to June 22, 2031), subject to shareholder approval
  • Resignation: Ms. Shefali Kesarwani
  • Role: Non-Executive Independent Director
  • Effective Date: June 25, 2026
  • Context: Personal commitments and other professional engagements.

Golden Crest Education & Services Limited (540062)

  • Resignation: Mrs. Bela Garg
  • Role: Non-Executive Independent Director
  • Effective Date: July 3, 2026 (close of business hours)
  • Context: Other professional commitments.
  • Resignation: Mr. Bhola Pandit
  • Role: Non-Executive Director
  • Effective Date: July 3, 2026 (close of business hours)
  • Context: Personal and unavoidable circumstances.
  • Notable within-company: Two director resignations (Independent + NED) scheduled for the same date (July 3, 2026).

Arshiya Limited (Under CIRP) (ARSHIYA) (506074)

  • Resignation: Mr. Ved Prakash
  • Role: Non-Executive Independent Director
  • Effective Date: February 18, 2026 (taken on record)
  • Context: Unable to devote sufficient time/attention due to residing in Dubai.

Sikozy Realtors Limited (524642)

  • Resignation/Cessation: Ms. Sonali Dighe
  • Role: Independent Director
  • Effective Date: June 16, 2026
  • Context: Unable to devote time/attention due to personal reason.

Golden Crest Education & Services Limited (540062)

  • (Already captured above)

CHD Chemicals Limited (539800)

  • Resignation: Mrs. Santosh Rani
  • Role: Non-Executive, Non-Independent Director
  • Effective Date: June 22, 2026
  • Context: Personal reasons and other commitments.

Saboo Sodium Chloro Limited (530461)

  • Resignation (Independent Director): Mr. Kamal Sharma
  • Role: Independent Director
  • Effective Date: June 10, 2026 (close of business hours)
  • Context: Personal reasons (including family commitments in addendum).

Kalyan Capitals Limited (538778)

  • Appointment: Ms. Sandhya Kohli
  • Role: Additional Director (Independent category, Non-Executive)
  • Effective Date: June 23, 2026
  • Context: Board approved appointment; independence criteria confirmed.

Golden Crest Education & Services Limited (540062)

  • (Already captured above)

Systematic Industries Limited (544541)

  • Resignation: Mr. Bhagwan Das
  • Role: Independent Director
  • Effective Date: June 22, 2026
  • Context: Personal grounds.

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

  • Golden Crest Education & Services Limited (540062): Two director resignations (Independent + Non-Independent) both effective July 3, 2026, and both resignations also mention cessation of committee memberships.
  • Winsome Yarns Limited (514348): Large simultaneous board refresh—six director appointments approved on June 23, 2026 (Monitoring Committee context referenced).

5. Reappointments / Extensions (side notes)

Mayank Cattle Food Limited (MCFL) (544106)

  • Re-appointment: Mr. Bharatkumar Popatlal Vachhani as Managing Director
  • Term: 5 years, w.e.f. July 24, 2026 to July 23, 2031 (subject to shareholder approval)
  • Re-appointment: Mr. Ajay Popatlal Vachhani as Whole-time Director
  • Term: 5 years, w.e.f. July 24, 2026 to July 23, 2031
  • Re-appointment: Mr. Tanmai Ajaybhai Vachhani as Whole-time Director
  • Term: 5 years, w.e.f. July 24, 2026 to July 23, 2031
  • Re-appointment: Mr. Mayank Bharatkumar Vachhani as Whole-time Director
  • Term: 5 years, w.e.f. July 24, 2026 to July 23, 2031
  • Re-appointment: Mrs. Ekta Ankur Dholakia as Independent Director
  • Term: 5 years, w.e.f. July 24, 2026 to July 23, 2031

Gem Aromatics Limited (GEMAROMA) (544491)

  • Re-appointment: M/s RANK & Associates as Internal Auditor for FY 2026-27 (board approved June 23, 2026)

PAN HR Solution Limited (PANHR) (544698)

  • Re-appointment: M/s Divya Rani & Associates as Secretarial Auditor for FY 2026-27 (board approved June 23, 2026)

If you want, I can also provide a one-page “changes table” (company → role → effective date) for faster internal scanning.