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Management Changes

Onida reshuffles CFO and CEO as Paytm appoints three SMPs

July 4, 2026 6 mins read Firehose Gupta

Daily Management Change Report (Last 24 hours)

0. Critical Alerts (Highest Priority)

No “for cause” resignations (i.e., resignation reasons indicating governance/ethical/mismanagement or lack of information) were found in the provided filings.


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

Onida Electronics Limited (ONIDA)

  • Change: Resignation (Whole Time Director & Chief Financial Officer)
  • Person: Mr. Shirish Suvagia
  • Role: Whole Time Director & Chief Financial Officer (CFO)
  • Effective Date: Close of business hours on July 03, 2026
  • Context: Board took note of resignation; company states he confirmed no material reasons other than those in his resignation letter.

  • Change: Appointment (CEO & MD)

  • Person: Mr. Gunjan Srivastava
  • Role: Chief Executive Officer (CEO) and Additional & Managing Director
  • Effective Date: July 04, 2026 (subject to member approval)
  • Context: Appointed as CEO; he had been serving as CEO since Feb 01, 2026.

  • Change: Appointment (CFO)

  • Person: Mr. Manish Desai
  • Role: Chief Financial Officer (CFO)
  • Effective Date: July 04, 2026 (subject to member approval for director role)
  • Context: Board approved appointment as CFO and KMP.

  • Change: Change in designation (MD → Whole-time Director)

  • Person: Mr. Kaval Mirchandani
  • Role: Managing Director → Whole-time Director
  • Effective Date: July 04, 2026 (subject to member approval)
  • Context: Designation change only; remainder of existing term continues.

Bliss GVS Pharma Limited (BLISSGVS)

  • Change: Appointment (CEO)
  • Person: Mr. Rahul Adakmol
  • Role: Chief Executive Officer (CEO)
  • Effective Date: July 15, 2026
  • Context: Board approved CEO appointment effective July 15, 2026.

  • Change: Resignation (CEO step-aside)

  • Person: Mr. Narsimha Shibroor Kamath
  • Role: Chief Executive Officer (stepped aside)
  • Effective Date: Close of business hours on July 14, 2026
  • Context: He continues to serve as Managing Director.

Manappuram Finance Limited (MANAPPURAM)

  • Change: Resignation (CEO)
  • Person: Mr. Deepak Reddy
  • Role: Chief Executive Officer (CEO) & KMP
  • Effective Date: Close of business hours on Dec 31, 2026
  • Context: Resignation to pursue other personal and professional interests.

Can Fin Homes Limited (CANFINHOME)

  • Change: Appointment (Whole-time Director → Deputy Managing Director)
  • Person: Shri Shailesh Kumar Singh
  • Role: Whole Time Director (designated as Deputy Managing Director)
  • Effective Date: July 03, 2026 (RBI approval received)
  • Context: RBI approved appointment; company will seek shareholder approval at AGM (July 29, 2026).

Omni Ax’s Software Limited (OMNIAX)

  • Change: Appointment (MD)
  • Person: Mrs. Nikita Hardik Parekh
  • Role: Managing Director (MD)
  • Effective Date: July 03, 2026 (subject to member approval)
  • Context: Board approved appointment as MD for a 5-year term.

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

Zydus Wellness Limited (ZYDUSWELL)

  • Resignation: Mr. Lalit Ahuja
  • Role: Head – Sales (India & ISC)
  • Effective Date: Close of business hours on July 03, 2026
  • Context: Resignation to move to “next phase” / pursue better career opportunities.

One 97 Communications Limited (PAYTM)

  • Appointment (SMP): Mr. Anuj Mittal — Senior Vice President – Investor Relations (SMP)
  • Effective Date: July 03, 2026
  • Appointment (SMP): Mr. Avijit Jain — Senior Vice President & Chief Operating Officer – Loan distribution (SMP)
  • Effective Date: July 03, 2026
  • Appointment (SMP): Mr. Vikash Jalan — Chief Operating Officer – Consumer Payments (SMP)
  • Effective Date: July 03, 2026
  • Resignation (Board role, not executive role): Ms. Urvashi Sahai resigned as Whole-time Director & KMP on the board (continues as General Counsel & SVP–Legal)
  • Effective Date: Close of business hours July 05, 2026; continues executive capacity from July 06, 2026

Uno Minda Limited (UNOMINDA)

  • Change in role (SMP): Mr. Rakesh Kher
  • From: Chief Strategy Officer & Advisor – Aftermarket Domain
  • To: Chief Executive Officer – LAS Domain & Advisor – Aftermarket Domain
  • Effective Date: July 03, 2026

RNIT AI Solutions Limited (RNIT)

  • Appointment: Mr. Pradeep Yalamanchili
  • Role: Vice President – Project Delivery (SMP)
  • Effective Date: July 03, 2026

Jana Small Finance Bank Limited (JANA SFB)

  • Resignation: Mr. Asheesh Maroo
  • Role: Chief Credit Officer
  • Effective Date: Last working day Aug 30, 2026
  • Context: Relocating back to Mumbai for personal reasons.

CSL Finance Limited (CSLFINANCE)

  • Resignation: Mr. Atul Kumar Agrawal
  • Role: President – Finance & Treasury (Senior management)
  • Effective Date: Close of business hours Aug 31, 2026
  • Context: Resignation to focus on next phase of career.

Expleo Solutions Limited (EXPLEOSOL)

  • Resignation: Mr. Saket Newaskar
  • Role: KMP & Senior Management Personnel
  • Effective Date: Immediate effect
  • Context: Personal reasons.

Finelistings Technologies Limited (FTL)

  • Resignation: Mr. Prateek Malhotra
  • Role: Chief Financial Officer
  • Effective Date: July 03, 2026
  • Context: Resignation due to pre-occupation elsewhere.

Rotographics (India) Limited (ROTOGRAPH)

  • Appointment (CFO): Mr. Raj Ratan Pugalia
  • Role: Chief Financial Officer
  • Effective Date: June 29, 2026 (disclosure filed later)
  • Context: Board appointed CFO on June 29, 2026; filing notes delay was inadvertent.

Srestha Finvest Limited (SRESTHA)

  • Resignation: Mr. Mayurdwajsinh Sahadevsinh Rana (Non-Executive, Non-Independent Director)
  • Effective Date: July 01, 2026
  • Resignation: Mr. Sahadevsinh Babubha Rana (Non-Executive, Non-Independent Director)
  • Effective Date: July 01, 2026
  • Appointment: Mr. Dipesh Jaswantlal Shah
  • Role: Additional Director (Non-Executive, Independent)
  • Effective Date: July 03, 2026 (subject to shareholder approval)

Mazagon Dock Shipbuilders Limited (MAZDOCK)

  • Senior management changes (internal promotions/role changes):
  • Shri E R Retrospectively — Executive Director (Technical) — change effective 01 July 2025
  • Smt. Alice Kurian — General Manager (Technical) — change effective 01 July 2025
  • Shri Debasish Hazra — General Manager (Technical) — change effective 01 January 2026
  • Context: “Others – Internal” / promotion; disclosure appears as a senior management update.

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

Onida Electronics Limited (ONIDA)

  • Appointment: Mr. Jayesh Gandhi — Additional Director (Independent)
  • Effective Date: July 04, 2026 (5-year term; subject to member approval)

  • Appointment: Mr. Manish Desai — Additional Director

  • Effective Date: July 04, 2026 (3-year term; subject to member approval)

One 97 Communications Limited (PAYTM)

  • Appointment: Mr. Narasinganallore Venkatesh Srinivasan — Additional Director (Non-Executive Independent)
  • Effective Date: July 05, 2026 (3-year term; subject to member approval)
  • Appointment: Ms. Sachee Trivedi — Additional Director (Non-Executive Independent)
  • Effective Date: July 05, 2026 (3-year term; subject to member approval)
  • Resignation (board role): Ms. Urvashi Sahai — Whole-time Director (board)
  • Effective Date: Close of business hours July 05, 2026

Bliss GVS Pharma Limited (BLISSGVS)

  • Appointment: Mr. Santosh Parab — Additional Director (Non-Executive, Non-Independent)
  • Effective Date: July 03, 2026

DCM Shriram Limited (DCMSHRIRAM)

  • Appointment: Justice (Retd.) Sanjay Kishan Kaul — Additional Director (Independent)
  • Effective Date: Aug 09, 2026 (5-year term; subject to shareholder approval)
  • Appointment: Ms. Rumjhum Chatterjee — Additional Director (Independent)
  • Effective Date: Aug 09, 2026 (5-year term; subject to shareholder approval)

National Standard (India) Limited (NSIL)

  • Appointment: Mr. Vikas Jain — Additional Director (Non-Executive, Non-Independent)
  • Effective Date: July 06, 2026
  • Appointment: Mr. Sanjay Bahad — Additional Director (Non-Executive, Independent)
  • Effective Date: July 06, 2026 (5-year term to July 05, 2031)
  • Cessation: Mr. Bhushan Shah — Independent Director
  • Effective Date: Close of business hours July 05, 2026 (completion of second term)

Man Infraconstruction Limited (MANINFRA)

  • Appointment: Mr. Rajiv N. Sheth — Additional Director (Non-Executive Independent)
  • Effective Date: July 03, 2026 (5-year term; subject to shareholder approval)

Centrum Capital Limited (CENTRUM)

  • Resignation: Mr. Subhash Gundappa Kutte — Non-Executive Director
  • Effective Date: July 04, 2026
  • Context: Resignation due to “pre-occupation”.

Apollo Techno Industries Limited (ATIL)

  • No director changes in the provided filing; board approved auditor appointments/re-appointments (see side notes below).

Srestha Finvest Limited (SRESTHA)

  • Appointment: Mr. Dipesh Jaswantlal Shah — Additional Director (Non-Executive Independent)
  • Effective Date: July 03, 2026 (subject to shareholder approval)
  • Resignations: Two Non-Executive, Non-Independent directors effective July 01, 2026 (see executive section for details).

Omni Ax’s Software Limited (OMNIAX)

  • Appointment: Mrs. Nikita Hardik Parekh — Additional Director (subject to member approval) and then MD
  • Effective Date: July 03, 2026 (MD subject to member approval)

4. Notable Company-Specific Situations

Onida Electronics Limited (ONIDA)

  • Clustered leadership reshuffle effective July 04, 2026:
  • CEO/MD appointment (Gunjan Srivastava)
  • CFO appointment (Manish Desai)
  • MD designation change (Kaval Mirchandani)
  • CFO/WT Director resignation noted (Shirish Suvagia) effective July 03, 2026
  • Independent director appointment (Jayesh Gandhi)

One 97 Communications Limited (PAYTM)

  • Board + executive realignment:
  • Two independent director appointments effective July 05, 2026
  • Whole-time director/KMP board role resignation (Urvashi Sahai) effective July 05, 2026, while she continues as General Counsel & SVP–Legal from July 06, 2026
  • Multiple senior management additions effective July 03, 2026

Bliss GVS Pharma Limited (BLISSGVS)

  • CEO transition with overlap:
  • CEO steps aside effective July 14, 2026
  • New CEO appointed effective July 15, 2026
  • MD continues throughout

5. Reappointments / Extensions (Side Notes)

Apollo Techno Industries Limited (ATIL)

  • Re-appointment: Secretarial Auditor (Mukesh H Shah & Co.) for FY 2026-27
  • Re-appointment: Internal Auditor (DSKV & Co.) for FY 2026-27
  • Appointment: Cost Auditor (P. D. Modh & Associates) for FY 2026-27
  • Appointment: Secretarial Auditor for FY 2025-26 (also approved)