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Management Changes

RHI Magnesita MD-CEO Parmod Sagar resigns; Pankaj Malhan appointed

July 1, 2026 6 mins read Firehose Gupta

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

0. Critical Alerts (for-cause resignations)

  • None identified in the provided filings. (No resignation “for cause” language such as governance/ethics/mismanagement/lack of information was stated.)

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

NLC India Limited (NLCINDIA)

  • Change: Cessation (superannuation)
  • Person: Shri Prasanna Kumar Motupalli
  • Role: Chairman & Managing Director (CMD)
  • Effective Date: 30.06.2026 (AN)
  • Context: Ceased to hold office upon attaining superannuation; Additional charge of Chairman & CMD entrusted to Shri Sanoj Kumar Jha for an initial 3 months from 01.07.2026 (or until regular incumbent/ further orders).

RHI Magnesita India Limited (RHIM)

  • Change: Resignation (MD & CEO)
  • Person: Mr. Parmod Sagar (DIN: 06500871)
  • Role: Managing Director & CEO
  • Effective Date: End of day 30.06.2026
  • Context: Resignation; continues as Non-Executive Chairman from 01.07.2026 (subject to approval of the Board).

  • Change: Appointment

  • Person: Mr. Pankaj Malhan (DIN: 08516185)
  • Role: Managing Director & CEO
  • Effective Date: 01.07.2026
  • Context: Appointed for 5 years subject to shareholder approval.

  • Change: Resignation (Whole-time Director) / designation change

  • Person: Mr. Azim Syed (DIN: 10641934)
  • Role: Whole-time Director (also CFO)
  • Effective Date: End of day 30.06.2026
  • Context: Resigned as Whole-time Director; will be designated Chief Financial Officer from 01.07.2026.

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

Britannia Industries Limited (BRITANNIA)

  • Appointment: Mr. Shailesh Kumar — Vice President, Procurement
  • Effective Date: 01.04.2026
  • Context: Elevated from General Manager – Procurement (Board circular resolution dated 30.06.2026).

Zydus Wellness Limited (ZYDUSWELL)

  • Appointment: Dr. Shyam Ramakrishnan — Chief Scientific Officer
  • Effective Date: 01.07.2026
  • Context: Appointed as Chief Scientific Officer (Senior Management).

Dixon Technologies (India) Limited (DIXON)

  • Resignation/Cessation: Mr. Kishore Kumar Kaul — Business Head (EXIM and New Business)
  • Effective Date: 30.06.2026 (after close of business hours)
  • Context: Superannuation.

Power Grid Corporation of India Limited (POWERGRID)

  • Cessation: Shri Harinarayanan Puthan Kalam — Executive Director (ED)
  • Effective Date: 30.06.2026 (superannuation)
  • Context: Ceased to be ED upon attaining superannuation.

ACC Limited (ACC)

  • Resignation: Ms. Madhavi Isanaka — Chief Digital Officer
  • Effective Date: 30.06.2026 (closure of business hours)
  • Context: Resignation (reason stated as per attached resignation letter; not reproduced in filing excerpt).

Ambuja Cements Limited (AMBUJACEM)

  • Resignation: Ms. Madhavi Isanaka — Chief Digital Officer
  • Effective Date: 30.06.2026 (closure of business hours)
  • Context: Resignation (reason stated as per attached resignation letter; not reproduced in filing excerpt).

ZF Commercial Vehicle Control Systems India Limited (ZFCVINDIA)

  • Resignation: Ms. Sweta Agarwal — Chief Financial Officer
  • Effective Date: 30.06.2026 (close of business hours)
  • Context: Resignation from CFO (KMP).

Photon Capital Advisors Limited (509084)

  • Resignation: Mr. Sreedhar Babu Kanuri — Chief Financial Officer
  • Effective Date: 30.06.2026 (close of business hours)
  • Context: Resignation “consequent to the recent changes in control of the Company” (as stated in resignation letter).

Indian Overseas Bank (IOB)

  • Cessation: Mr. Nataraj Karyampudi — Chief General Manager & Chief Compliance Officer
  • Effective Date: 30.06.2026 (superannuation; close of business hours)
  • Context: Retired on superannuation.

  • Appointment/Designation: Mr. Alagarsamy S — Chief Compliance Officer

  • Effective Date: 01.07.2026
  • Context: Designated as CCO in place of retiring CCO.

Dish TV India Limited (DISHTV)

  • Resignation/Cessation: Mr. Veerender Gupta — Chief Technology Officer
  • Effective Date: 30.06.2026 (close of business hours)
  • Context: Resignation due to transfer of employment from Dish TV India Limited to Dish Infra Services Pvt. Ltd. (wholly owned subsidiary).

Jet Freight Logistics Limited (JETFREIGHT)

  • Appointments/Classifications (Senior Management due to reporting-structure change): Effective 01.07.2026
  • Mr. Ranjith Kuniyil
  • Mr. Hetal Shah
  • Ms. Desiree Dantas
  • Mr. Samuel Prabhu Kumar W
  • Mr. Irfan Buran Shaikh
  • Mr. Sidhartha Charan Jena
  • Mr. Narendra Gupta
  • (Plus additional reporting-structure changes for other existing senior management personnel as per annexures)

Iykot Hitech Toolroom Limited (IYKOT)

  • Resignation: Mr. Velli Paramasivam — Independent Director
  • Effective Date: 30.06.2026
  • Context: Resignation; company states director confirmed no other material reasons besides those in resignation letter (letter cites “personal reasons”).

Emmbi Industries Limited (EMMBI)

  • Resignation: Mr. Subramanian Krishnan — Non-Executive Non-Independent Director
  • Effective Date: 30.06.2026 (close of business hours)
  • Context: Stepping down due to “increased professional commitments and responsibilities”.

Muthoot Microfin Limited (MUTHOOTMF)

  • Appointment: Ms. Hannah Muthoot — Additional Director (Non-Executive, Non-Independent)
  • Effective Date: 30.06.2026
  • Context: Board approved appointment effective from 30.06.2026.

  • Cessation: Mr. John Tyler Day — Non-Executive, Non-Independent Director

  • Effective Date: 30.06.2026 (retirement by rotation)
  • Context: Retires by rotation; board decided not to fill vacancy for the time being (holds office until conclusion of ensuing AGM).

Nagarjuna Fertilizers and Chemicals Limited (NAGAFERT)

  • Appointment: Mr. R. Ramamohana Rao — Additional Non-Executive Director
  • Effective Date: 30.06.2026
  • Context: Appointment as Additional Non-Executive Director.

Vishnu Prakash R Punglia Limited (VPRPL)

  • Resignation: Ms. Nitisha Jain — Company Secretary & Compliance Officer
  • Effective Date: 30.06.2026 (close of business hours)
  • Context: Resignation due to personal reasons.

  • Appointment: Mrs. Monica Purohit — Company Secretary & Compliance Officer

  • Effective Date: 01.07.2026
  • Context: Board appointment effective 01.07.2026.

  • Resignation: Mr. Sarfaraz Ahmed — Chief Financial Officer (CFO)

  • Effective Date: 30.06.2026 (close of business hours)
  • Context: Resignation (letter cites “health issues and personal reasons”).

  • Appointment: Mr. Vinod Kumar Pungliya — CFO

  • Effective Date: 06.07.2026
  • Context: Board approved appointment effective 06.07.2026.

Pratiksha Chemicals Limited (now Vellora Impact Limited) (531257)

  • Appointment: Ms. Palak Jain — Company Secretary & Compliance Officer
  • Effective Date: 30.06.2026
  • Context: Board appointment effective 30.06.2026.

  • Resignation: Mr. Ankit Gupta — Company Secretary & Compliance Officer

  • Effective Date: 01.06.2026 (resignation tendered; relieved from closing of working hours of June 1, 2026 as stated)
  • Context: Resignation “due to personal reasons”; company also disclosed delay in disclosure due to attempts to retain him.

Photon Capital Advisors Limited (509084)

  • Resignation: Mr. Sreedhar Babu Kanuri — CFO
  • Effective Date: 30.06.2026 (close of business hours)
  • Context: Resignation due to “recent changes in control” (as stated in resignation letter).

Pharmaids Pharmaceuticals Limited (PHARMAID)

  • Appointment: M/s. V Mahendra & Associates (Chartered Accountants) — Internal Auditor
  • Effective Date: Board approval dated 30.06.2026 (for FY 2026-27)
  • Context: Appointment of internal auditors for internal audit FY 2026-27.

Photon Capital Advisors Limited (509084)

  • Resignation: Mr. Sreedhar Babu Kanuri — CFO
  • Effective Date: 30.06.2026
  • Context: (Same as above; included once under executive changes.)

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

Iykot Hitech Toolroom Limited (IYKOT)

  • Resignation: Mr. Velli Paramasivam — Independent Director
  • Effective Date: 30.06.2026
  • Context: Resignation; letter cites “personal reasons”.

Emmbi Industries Limited (EMMBI)

  • Resignation: Mr. Subramanian Krishnan — Non-Executive Non-Independent Director
  • Effective Date: 30.06.2026 (close of business hours)
  • Context: Stepping down due to professional commitments/responsibilities.

Muthoot Microfin Limited (MUTHOOTMF)

  • Appointment: Ms. Hannah Muthoot — Additional Director (Non-Executive, Non-Independent)
  • Effective Date: 30.06.2026

  • Cessation: Mr. John Tyler Day — Non-Executive, Non-Independent Director

  • Effective Date: 30.06.2026 (retirement by rotation)
  • Context: Vacancy not filled for the time being; continues until AGM.

Nagarjuna Fertilizers and Chemicals Limited (NAGAFERT)

  • Appointment: Mr. R. Ramamohana Rao — Additional Non-Executive Director
  • Effective Date: 30.06.2026

RHI Magnesita India Limited (RHIM)

  • Resignation (Director role): Mr. Parmod Sagar — resigned as Managing Director & CEO (continues as Chairman)
  • Effective Date: 30.06.2026 (end of day)

  • Appointment (Director role): Mr. Pankaj Malhan — Managing Director & CEO

  • Effective Date: 01.07.2026

  • Resignation (Director role): Mr. Azim Syed — resigned as Whole-time Director; continues as CFO

  • Effective Date: 30.06.2026 (end of day)

4. Notable Company-Specific Situations (clustering)

RHI Magnesita India Limited (RHIM)

  • Clustered leadership transition on 30.06.2026 / 01.07.2026:
  • MD & CEO (Parmod Sagar) resigns;
  • MD & CEO (Pankaj Malhan) appointed;
  • Whole-time Director (Azim Syed) resigns from WT role and becomes CFO;
  • CSR committee re-constitution also mentioned in same set of filings.

ACC Limited (ACC) & Ambuja Cements Limited (AMBUJACEM)

  • Same SMP resignation (Ms. Madhavi Isanaka – Chief Digital Officer) effective 30.06.2026 in both companies (as per separate filings).

5. Reappointments / Extensions (side notes)

  • None explicitly stated for CEO/CFO/COO/Chairman/MD in the provided excerpts (appointments are new; cessations are superannuation/resignations).