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Management Changes

CEO and MD appointments dominate BSE leadership reshuffles

July 15, 2026 6 mins read Firehose Gupta

Daily Management Changes Report (BSE filings – 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)

Raymond Lifestyle Limited (RAYMONDLSL)

  • Change: Appointment
  • Person: Mr. Satyaki Ghosh
  • Role: Whole Time Director designated Chief Executive Officer (CEO)
  • Effective Date: May 06, 2026 (approved by shareholders on July 14, 2026)
  • Context: Appointment for a 5-year term (May 06, 2026 to May 05, 2031).

Net Pix Shorts Digital Media Limited (543247)

  • Change: Appointment (subject to shareholder approval)
  • Person: Mr. Ritesh Tiwari
  • Role: Executive Director (Additional) designated Chairman & Managing Director
  • Effective Date: July 14, 2026
  • Context: Board approved appointment; shareholder approval pending.

Indo Cotspin Limited (ICL)

  • Change: Re-appointment / Designation change / Re-appointment
  • Person: Mr. Sanil Aggarwal
  • Role: Whole-time Director
  • Effective Date: 01-09-2026
  • Context: Re-appointment for 5 years (subject to shareholder approval).

  • Person: Mr. Arpan Aggarwal

  • Role: Whole-time Director
  • Effective Date: 21-09-2025
  • Context: Re-appointment for 5 years (subject to shareholder approval).

  • Person: Mr. Raj Pal Aggarwal

  • Role: Non-Executive Director (from Whole-time Director)
  • Effective Date: 10-08-2026
  • Context: Change in designation (subject to shareholder approval).

  • Person: Mr. Bal Aggarwal Kishan

  • Role: Managing Director
  • Effective Date: 01-10-2026
  • Context: Re-appointment for 5 years (subject to shareholder approval).

Dugar Housing Developments Limited / Axentra Corp Limited (AXENTRA)

  • Change: Appointment
  • Person: Mr. Senthil Kumar Bellan
  • Role: Managing Director (MD)
  • Effective Date: July 14, 2026
  • Context: Appointed as MD for period July 14, 2026 to July 13, 2031 (subject to shareholder approval).

DCM Shriram Fine Chemicals Limited (DSFCL)

  • Change: Appointment
  • Person: Mr. Alok Bansidhar Shriram
  • Role: Chairman of the Board (Non-Executive)
  • Effective Date: July 15, 2026
  • Context: Appointment for 1 year (subject to terms stated; shareholder approval not indicated for Chairman in the filing).

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

GIC Housing Finance Limited (511676)

  • Appointment: Shri Asit Kumar Nandi as Chief Compliance Officer (SMP)
  • Effective Date: From date of joining (joining date to be intimated separately)
  • Context: Board approved appointment (term 36 months).

eClerx Services Limited (ECLERX)

  • Appointment: Mr. Hoshi Mistry as Principal – Customer Experience
  • Effective Date: July 10, 2026
  • Context: Appointment to senior management; filing notes delay due to “inadvertent administrative oversight”.

iValue Infosolutions Limited (IVALUE)

  • Appointment: Mr. Umashankar Krishnamoorthy as Chief Business Officer
  • Effective Date: July 14, 2026
  • Appointment: Mr. Sameer Kanse as Chief Revenue Officer
  • Effective Date: July 14, 2026
  • Appointment: Mr. Mitish Chitnavis as Chief Technology Officer
  • Effective Date: July 14, 2026
  • Change in designation: Mr. Ravindra Kumar Sankhla from Chief Revenue Officer to Vice President – MEA
  • Effective Date: July 14, 2026
  • Change in designation: Mr. Subodh Anchan from Chief Business Officer to Vice President – Credit & Business Compliance
  • Effective Date: July 14, 2026

Dalmia Bharat Sugar and Industries Limited (500097)

  • Appointment: Shri Lokendra Singh Lamba as Unit Head, Jawaharpur Unit (Senior Management Personnel)
  • Effective Date: July 15, 2026
  • Context: Appointment on recommendation of Nomination & Remuneration Committee.

Rose Merc Limited (ROSEMER)

  • Appointment: Mr. Amitkumar Yogendra Singh as Executive Director & COO of New FinTech Business Segment
  • Effective Date: July 14, 2026
  • Context: Board approved as Additional Director designated Executive Director and COO (subject to shareholder approval via postal ballot).

Benares Hotels Limited (509438)

  • Appointment: Mr. Thomas Kunjukunju as Chief Financial Officer (CFO) (KMP)
  • Effective Date: July 14, 2026
  • Context: Board appointment based on committee recommendations.

Dugar Housing Developments Limited / Axentra Corp Limited (AXENTRA)

  • Note: MD appointment above; filing states the appointee was already serving as CFO and KMP prior to MD appointment.

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

Viji Finance Limited (VIJIFIN)

  • Appointment: Mr. Aryaman Kothari as Additional Director & Whole-Time Director
  • Effective Date: July 14, 2026
  • Context: For 3 years (subject to shareholder approval).
  • Re-appointment: Ms. Sakshi Chourasiya as Non-Executive Independent Director (2nd term)
  • Effective Date: October 25, 2026
  • Context: 5 years (subject to shareholder approval).
  • Resignation: Mrs. Sejal Riddhesh Shah as Additional Director (Non-Executive Non-Independent)
  • Effective Date: close of business hours, July 14, 2026
  • Context: Resigned due to “increased personal commitments”.

Net Pix Shorts Digital Media Limited (543247)

  • Appointment: Mr. Ritesh Tiwari as Executive Director (Additional) designated Chairman & Managing Director
  • Effective Date: July 14, 2026 (subject to shareholder approval)
  • Appointment: Ms. Alka Tiwari as Executive Director (Additional) designated Whole Time Director
  • Effective Date: July 14, 2026 (subject to shareholder approval)
  • Resignation: Ms. Nazish Furniturewala as Executive Director & CFO
  • Effective Date: July 14, 2026 (immediate effect)
  • Context: “due to management changes”.

Supertech EV Limited (544428)

  • Resignation: Mr. Sumit Khurana as Independent Director
  • Effective Date: July 14, 2026
  • Context: “unavoidable personal circumstances”.

Hindustan Adhesives Limited (514428)

  • Appointment: Mr. Anil Mathur as Additional Director (Non-Executive Independent)
  • Effective Date: July 14, 2026
  • Context: Term 5 years (subject to shareholder approval).
  • Resignation: Mr. Amit Sharma as Non-Executive Independent Director
  • Effective Date: close of business hours, July 14, 2026
  • Context: “other business engagements” / unable to devote time.

Acknit Industries Limited (530043)

  • Appointment: Mr. Tushar Jhunjhunwala as Additional Director (Non-Executive Independent)
  • Effective Date: July 14, 2026 (subject to shareholder approval)
  • Appointment: Mr. Amitava Mazumder as Additional Director (Non-Executive Independent)
  • Effective Date: July 14, 2026 (subject to shareholder approval)
  • Re-appointment: Mr. Shankar Lal Bajaj as Independent Director (2nd term)
  • Effective Date: September 25, 2026
  • Context: 5 years (subject to shareholder approval).

DCM Shriram Fine Chemicals Limited (DSFCL)

  • Appointment: Mr. Nitin Atroley as Additional Director (Non-Executive Independent)
  • Effective Date: July 15, 2026
  • Context: Term 5 years (subject to shareholder approval).

HDB Financial Services Limited (HDBFS)

  • Resignation/cessation: Mr. Jimmy Tata as Non-Executive Non-Independent Director
  • Effective Date: July 14, 2026 (close of business hours)
  • Context: completion of term.

L&T Technology Services Limited (LTTS)

  • Resignation/cessation: Mr. Narayanan Kumar as Independent Director
  • Effective Date: July 14, 2026 (close of business hours)
  • Context: completion of second and final term.
  • Re-appointment: Mr. Luis Miranda as Independent Director (2nd term)
  • Effective Date: October 19, 2026
  • Context: 5 years (subject to shareholder approval).

iValue Infosolutions Limited (IVALUE)

  • Re-appointment: Mr. Nagendra Venkaswamy as Non-Executive Independent Director
  • Effective Date: August 22, 2026
  • Re-appointment: Mr. Sumith Ramrao Kamath as Non-Executive Independent Director
  • Effective Date: August 22, 2026
  • Re-appointment: Mr. Kabir Kishin Thakur as Non-Executive Non-Independent Director
  • Effective Date: August 22, 2026
  • Re-appointment: Ms. Kalpana Rangamani as Non-Executive Independent Director
  • Effective Date: August 27, 2026

Dugar Housing Developments Limited / Axentra Corp Limited (AXENTRA)

  • Appointment: Mr. Senthil Kumar Bellan as Additional Director (Executive)
  • Effective Date: July 14, 2026 (subject to shareholder approval)

Dalmia Bharat Sugar and Industries Limited (500097)

  • Note: Filing includes appointment of a Senior Management Personnel (Unit Head); no director change indicated.

Rose Merc Limited (ROSEMER)

  • Appointment: Mr. Santosh Gavade as Additional Independent Director
  • Effective Date: July 14, 2026 (subject to shareholder approval via postal ballot)

Texmaco Rail & Engineering Limited (TEXRAIL)

  • Resignation (KMP): Shri Kishor Kumar Rajgaria as CFO
  • Effective Date: cessation “in due course”; exact effective date to be intimated separately
  • Context: “personal reasons”.

Omnipotent Industries Limited (543400)

  • Resignation (KMP): Mr. Aman Patel as Company Secretary & Compliance Officer
  • Effective Date: close of business hours, July 14, 2026
  • Context: “pursuing better career opportunity”.

Mayur Uniquoters Limited (MAYURUNIQ)

  • Resignation (SMP): Mr. Navneet Jain as Assistant General Manager – Business Excellence
  • Effective Date: close of business hours, July 14, 2026
  • Context: “personal reasons”.

SUPERTECH EV LIMITED (544428)

  • Resignation (Independent Director): already covered above.

4. Notable Company-Specific Situations

Net Pix Shorts Digital Media Limited (543247)

  • Simultaneous senior exits/entries: Board approved new Chairman & MD (Ritesh Tiwari) and Whole Time Director (Alka Tiwari) while also recording resignation of Executive Director & CFO (Nazish Furniturewala) on July 14, 2026, with resignation reason linked to “management changes”.

Viji Finance Limited (VIJIFIN)

  • Director churn on same day: resignation of Sejal Riddhesh Shah (effective July 14, 2026) alongside board approvals for new Additional Director/WT Director and independent director re-appointment (effective dates later for re-appointment).

5. Reappointments / Extensions (Side Notes)

Indo Cotspin Limited (ICL)

  • Re-appointments of Whole-time Directors: Sanil Aggarwal and Arpan Aggarwal (5-year terms; subject to shareholder approval).

L&T Technology Services Limited (LTTS)

  • Re-appointment of Independent Director Luis Miranda for a second term (5 years, from Oct 19, 2026; subject to shareholder approval).

iValue Infosolutions Limited (IVALUE)

  • Multiple independent/non-independent director re-appointments (effective Aug 22 / Aug 27, 2026, subject to shareholder approval).

CFF Fluid Control Limited (543920)

  • Re-appointment of Statutory Auditor: V. N. Purohit & Co. for second term of 5 years (from conclusion of 14th AGM to conclusion of 19th AGM, subject to shareholder approval).

If you want, I can also provide a one-page tabular view (Company | Role | Person | Action | Effective date) for faster internal scanning.