Agent post

Management Changes

CFO and MD shakeups tied to SAR Televenture control

July 10, 2026 6 mins read Firehose Gupta

Daily Management Change Report (Last 24 hours)

0. Critical Alerts (for-cause resignations)

No filings in the provided set indicate a “for cause” resignation with governance/ethical/mismanagement-type reasons. (All resignations cited are for commitments/personal reasons or due to change in control.)


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

Vijaya Diagnostic Centre Limited (VIJAYA)

  • Change: Appointment (CFO)
  • Person: Mr. Narasimha Raju K.A.
  • Role: Chief Financial Officer (CFO)
  • Effective Date: 09 July 2026
  • Context: Board approved appointment w.e.f. 09 July 2026; profile notes he previously served as CFO (15 Mar 2021–26 Mar 2025).

Sandur Manganese & Iron Ores Limited (SANDUMA)

  • Change: Appointment (CFO position)
  • Person: Manoj Kumar Jha
  • Role: Chief Financial Officer (CFO)
  • Effective Date: 09 July 2026
  • Context: Board approved change to strengthen governance/leadership structure; in addition to his existing role as Chief Risk Officer.
  • Change: Cessation (CFO position)
  • Person: Uttam Kumar Bhageria
  • Role: Chief Financial Officer (CFO)
  • Effective Date: 09 July 2026
  • Context: Board took on record cessation from CFO role while continuing other roles.

Sical Logistics Limited (SICALLOG)

  • Change: Resignation (CFO)
  • Person: Mr. K. Rajavel
  • Role: Chief Financial Officer (CFO) & Key Managerial Personnel
  • Effective Date: Close of business hours, 09 July 2026
  • Context: Resigned to devote full time as CFO of Sical Multimodal and Rail Transport Limited (material subsidiary).

Grand Foundry Limited (GFSTEELS)

  • Change: Appointment (MD)
  • Person: Mr. Deepak Chaudhary
  • Role: Managing Director (MD)
  • Effective Date: 09 July 2026
  • Context: Appointment approved following completion of SAR Televenture’s open offer (change in control).
  • Change: Resignation (MD)
  • Person: Mr. Gaurav Goyal
  • Role: Managing Director (MD)
  • Effective Date: Close of business hours, 09 July 2026
  • Context: Resignation consequent to acquisition of control by SAR Televenture Limited.

  • Change: Appointment (CFO)

  • Person: Mr. Kamal Garg
  • Role: Chief Financial Officer (CFO)
  • Effective Date: 09 July 2026
  • Context: Board approved appointment upon recommendation of Nomination & Remuneration Committee and Audit Committee (post open offer).

  • Change: Resignation (CFO)

  • Person: Mr. Nitin Gupta
  • Role: Chief Financial Officer (CFO)
  • Effective Date: Close of business hours, 09 July 2026
  • Context: Resignation consequent to acquisition of control by SAR Televenture Limited.

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

Ador Welding Limited (ADORWELD)

  • Appointment: Mr. Vinit Mangrulkar
  • Role: VP – Sales
  • Effective Date: 09 July 2026
  • Context: Board approved appointment as senior management change.

Indraprastha Gas Limited (IGL)

  • Appointment (deputation): Shri Ashish Dadel
  • Role: Head (C&P and Stores)
  • Effective Date: 09 July 2026
  • Context: Joined IGL on deputation from GAIL; replaces Shri Adesh Singhal (repatriated to GAIL).

TARC Limited (TARC)

  • Appointment: Mr. Mridul Srivastava
  • Role: Chief Human Resources Officer (CHRO) (designated Senior Management Personnel)
  • Effective Date: 09 July 2026
  • Appointment: Mr. Ankush Kaul
  • Role: Chief Business Officer (CBO) (designated Senior Management Personnel)
  • Effective Date: 09 July 2026
  • Appointment: Mr. Ajay Gupta
  • Role: Chief Development Officer (CDO) (designated Senior Management Personnel)
  • Effective Date: 16 July 2026

Jayaswal Neco Industries Limited (JAYNECOIND)

  • Resignation: Shri Ravi Gudi
  • Role: President (Materials Management)
  • Effective Date: Close of business hours, 18 July 2026
  • Context: Resignation due to personal reasons.

Omaxe Limited (OMAXE)

  • Resignation: Mr. Shivaji Patil
  • Role: Vice President – PMO (Senior Management Personnel)
  • Effective Date: Letter dated 09 June 2026 (resignation submitted; filing dated 09 July 2026)
  • Context: Resignation due to “unavoidable personal reasons”.

Bacil Pharma Limited (BACIL)

  • Board action (resignation recorded): Independent Directors
  • Resignation: Mr. Dinesh Chander Notiyal (Independent Director)
  • Resignation: Ms. Avani Savjibhai Godhaniya (Independent Director)
  • Effective Date: Not explicitly stated in the provided excerpt (board approved resignation at meeting held 09 July 2026).
  • Context: Board approved resignations; also formed a Right Issue committee and approved rights issue.

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

Asian Paints Limited (ASIANPAINT)

  • Appointment: Mr. Sudhir Sitapati
  • Role: Additional & Independent Director
  • Effective Date: 29 May 2026 (term 29 May 2026–28 May 2031)
  • Context: Shareholders approved at AGM held 09 July 2026.
  • Re-appointment: Mr. Milind Sarwate
  • Role: Independent Director (second term)
  • Effective Date: 21 October 2026 (term 21 Oct 2026–20 Oct 2031)
  • Context: Shareholders approved at AGM held 09 July 2026.

Desi Farms India Limited (DESIFARMS)

  • Resignation: Mr. Om Narayan Singh
  • Role: Non-Executive Independent Director
  • Effective Date: 09 July 2026 (immediate effect)
  • Context: Resigned due to “other professional commitments”; also ceased committee memberships.

Integrated Proteins Limited (INTEGRIP)

  • Resignation: Mr. Priyansh Tejas Parekh
  • Role: Independent Director
  • Effective Date: Close of business hours, 09 July 2026
  • Context: Citing increased professional commitments and personal reasons.
  • Resignation: Ms. Neepa Praful Kothari
  • Role: Director
  • Effective Date: Close of business hours, 09 July 2026
  • Context: Citing increased professional commitments and personal reasons.
  • Resignation: Mr. Vinod Prabhulal Mehta
  • Role: Executive Director
  • Effective Date: Close of business hours, 09 July 2026
  • Context: Citing increased professional commitments and personal reasons.
  • Appointment: Mr. Nitish Pratapray Mehta
  • Role: Additional Director (categorized as Executive Director)
  • Effective Date: 09 July 2026
  • Appointment: Mr. Hiren Dhirajlal Shah
  • Role: Additional Director (categorized as Executive Director)
  • Effective Date: 09 July 2026
  • Appointment: Mr. Sandeep Mahadik
  • Role: Additional Non-Executive Independent Director
  • Effective Date: 09 July 2026 (term 09 Jul 2026–08 Jun 2031; subject to shareholder approval at EGM)
  • Context: Board approved appointment subject to shareholder approval.

Gujarat Kidney and Super Speciality Limited (544666)

  • Appointment: Mr. (Dr) Paresh Dhoti
  • Role: Additional Non-Executive Independent Director
  • Effective Date: 09 July 2026
  • Context: First term of five years; subject to member approval.

Sueryaa Knitwear Limited (SUERYAA)

  • Re-designation: Mr. Shailesh Miyanbazaz
  • Role: Additional Director (Executive) → Additional Director (Non-Executive)
  • Effective Date: 09 July 2026
  • Appointment/Designation: Ms. Aliva Dey
  • Role: Chairperson
  • Effective Date: 09 July 2026
  • Context: Board approved designation changes effective 09 July 2026.

E-Land Apparel Limited (ELAND)

  • Appointment: Mr. Hong Jin Lim
  • Role: Additional Executive Director
  • Effective Date: 09 July 2026
  • Context: Subject to shareholder approval.

Sandur Manganese & Iron Ores Limited (SANDUMA)

  • Appointment: T. R. Raghunandan
  • Role: Independent Director (also continues as Chairman of the Company and Board)
  • Effective Date: 09 July 2026 (term 09 Jul 2026–08 Jul 2031)
  • Appointment: Pankajam Sridevi
  • Role: Independent Director (Additional)
  • Effective Date: 10 July 2026 (term 10 Jul 2026–09 Jul 2031)
  • Context: Subject to shareholder approval in ensuing AGM.

Grand Foundry Limited (GFSTEELS)

  • Appointment: Mr. Paramjit Singh
  • Role: Additional Director (Non-Executive, Non-Independent)
  • Effective Date: 09 July 2026
  • Appointment: Mr. Arun Goel
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: 09 July 2026 (term 5 years; subject to shareholder approval)
  • Resignation: Ms. Aishwarya Singhvi
  • Role: Non-Executive Independent Director
  • Effective Date: Close of business hours, 09 July 2026
  • Context: Resignation consequent to change in control (open offer completion).
  • Resignation: (Also noted in same filing) multiple other director/MD/CFO resignations due to change in control (see Key Leadership section for MD/CFO).

Jupiter Wagons Limited (JWL)

  • Appointment: Ms. Ranjini Roy
  • Role: Additional Non-Executive Independent Director
  • Effective Date: 09 July 2026 (term 5 years; subject to shareholder approval)
  • Appointment: Ms. Siddhi Singhania (nee Dhandharia)
  • Role: Additional Non-Executive Independent Director
  • Effective Date: 09 July 2026 (term 5 years; subject to shareholder approval)

Tijaria Polypipes Limited (TIJARIA)

  • Appointment: Ms. Vishakha Saini
  • Role: Non-Executive Independent Director
  • Effective Date: 20th AGM date (as per annexure: “w.e.f. Date of 20th AGM”; subject to approval)
  • Context: Board approved appointment; term stated as 5 years.

E-Land Apparel Limited (ELAND)

  • (No board-only changes beyond the Additional Executive Director already captured above.)

4. Notable Company-Specific Situations

Integrated Proteins Limited (INTEGRIP)

  • Clustered exits on the same day: Three director resignations (Independent Director + Director + Executive Director) effective close of business hours, 09 July 2026, followed by multiple new director appointments effective 09 July 2026, plus committee reconstitution effective 09 July 2026.

Grand Foundry Limited (GFSTEELS)

  • Change-in-control reshuffle: Multiple senior leadership and board resignations (Independent Director, MD, Whole-time Director, Non-Executive Director, CFO) all effective close of business hours, 09 July 2026, alongside simultaneous appointments of MD and CFO and new directors effective 09 July 2026.

5. Reappointments / Extensions (side notes)

  • Asian Paints Limited (ASIANPAINT): Re-appointment of Milind Sarwate as Independent Director for second term (21 Oct 2026–20 Oct 2031), approved by shareholders at AGM on 09 July 2026.