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Management Changes

Axis Bank Appoints CFO Rajeev Mantri, Effective Sept 2026

July 19, 2026 4 mins read Firehose Gupta

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

0. Critical Alerts (for-cause resignations)

No “for cause” resignations with governance/ethics/mismanagement-type reasons were found in the provided filings.


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

Vantage Knowledge Academy Limited (BSE: 539761)

  • Change: Resignation (Managing Director)
  • Person: Ms. Neeta Rajesh Dedhia
  • Role: Managing Director (MD)
  • Effective Date: Close of business hours, 20 July 2026
  • Context: Resignation tendered; reason stated as “completion of their terms” (as per Annexure-A).

  • Change: Appointment (Managing Director)

  • Person: Mr. Rajesh Chapshi Dedhia
  • Role: Managing Director (MD)
  • Effective Date: 20 July 2026
  • Context: Appointed for a five-year term (subject to shareholder approval).

  • Change: Appointment (Chairperson)

  • Person: Mr. Rajesh Chapshi Dedhia
  • Role: Chairperson of the Board
  • Effective Date: 20 July 2026
  • Context: Appointment approved by the Board, subject to applicable approvals.

Axis Bank Limited (BSE: 532215)

  • Change: Appointment (CFO)
  • Person: Rajeev Mantri
  • Role: Chief Financial Officer (CFO)
  • Effective Date: 28 September 2026
  • Context: Board approved appointment as CFO/KMP (subject to RBI governance direction qualifications).

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

EPACK Durable Limited (BSE: 544095)

  • Resignation: Mohammed Kaishulla
  • Role: Chief Information Officer (CIO) (Senior Management Personnel)
  • Effective Date: Close of business hours, 18 July 2026
  • Context: Resignation due to “unforeseen personal urgency”.

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

NMDC Limited (BSE: 526371) (also filed for NMDC Steel Limited separately)

  • Appointment: Shri Vivek Nishant Nath (DIN: 11832511)
  • Role: Director (Commercial)
  • Effective Date: 15 July 2026 (assumption of charge)
  • Term: 5 years from assumption of charge (or until further orders, whichever earlier)
  • Context: MoS order referenced (S-14013/2/2025-BLA dated 14 July 2026).

NMDC Steel Limited (BSE: 543768)

  • Appointment: Shri Vivek Nishant Nath (DIN: 11832511)
  • Role: Director (Commercial)
  • Effective Date: 15 July 2026 (assumption of charge)
  • Term: 5 years from assumption of charge (or until further orders, whichever earlier)
  • Context: MoS order referenced (S-14013/2/2025-BLA dated 14 July 2026).

NTPC Limited (BSE: 532555)

  • Appointment: Dr. Som Nath Sachdeva (DIN: 11837324)
  • Role: Additional Director (Independent)
  • Effective Date: 18 July 2026
  • Term: 3 years from date of notification (or until further orders, whichever earlier)
  • Context: Ministry of Power order referenced.

Karnataka Bank Limited (BSE: 532652)

  • Appointment: Dr. M Aruna Shyam (DIN: 11789970)
  • Role: Additional Director (Non-Executive, Independent)
  • Effective Date: 18 July 2026
  • Term: 4 years
  • Context: Board appointment subject to shareholder approval.

Spice Islands Industries Limited (BSE: 526827)

  • Appointment: Prof. (Dr.) Gurudayal Singh Toteja (DIN: 10233863)
  • Role: Additional Director (Non-Executive, Independent)
  • Effective Date: 18 July 2026
  • Term: 5 years (subject to member approval)
  • Context: Board approved on recommendation of Nomination & Remuneration Committee.

Northlink Fiscal and Capital Services Limited (BSE: 539761)

  • Appointment: Mr. Rishi Bhargav
  • Role: Additional Director (Non-Executive, Independent)
  • Effective Date: 17 July 2026
  • Term: 5 years (subject to shareholder approval at ensuing AGM)
  • Context: Board approved based on Nomination & Remuneration Committee recommendation.

Coal India Limited (BSE: 533278)

  • Appointment: Smt. Sona Kumari (DIN: 11835630)
  • Role: Non-official Independent Director
  • Effective Date: 18 July 2026
  • Term: 3 years (or until further orders from MoC, GoI, whichever earlier)
  • Context: MoC appointment letter referenced.

ICICI Bank Limited (BSE: 532174)

  • Appointment: Mr. Mrugank Paranjape (DIN: 02162026)
  • Role: Additional Director (Independent)
  • Effective Date: 1 August 2026
  • Term: to 31 July 2031 (subject to shareholder approval)
  • Context: Board approved appointment; revised AGM notice to include resolution.

Escorp Asset Management Limited (BSE: 540455)

  • Appointment: Mr. Ronak Jain (DIN: 07128477)
  • Role: Additional Non-Executive Independent Director
  • Effective Date: 18 July 2026
  • Term: 5 years (subject to shareholder approval)

  • Appointment: Mr. Arkesh Ayyagari (DIN: 11836458)

  • Role: Additional Non-Executive Independent Director
  • Effective Date: 18 July 2026
  • Term: 5 years (subject to shareholder approval)

  • Resignation: Mr. Haresh Sanghvi (DIN: 00006301)

  • Role: Non-Executive Independent Director
  • Effective Date: 18 July 2026
  • Context: Resigned due to “pre-occupation and other professional commitments”.

  • Cessation (term completion): Mr. Darshit Parikh (DIN: 03492803)

  • Role: Non-Executive Independent Director
  • Effective Date: 25 July 2026
  • Context: Ceases upon completion of second consecutive term.

Panyam Cements & Mineral Industries Limited (BSE: 500322)

  • Resignation: Mr. Chiluka Seshi Kumar
  • Role: Company Secretary & Compliance Officer (KMP)
  • Effective Date: Close of business hours, 18 July 2026
  • Context: Resignation to pursue opportunities outside the company.

Kedia Constructions Company Limited (BSE: not provided in filing)

  • Appointment: CS Abhishek D. Rai
  • Role: Company Secretary & Compliance Officer
  • Effective Date: 18 July 2026
  • Context: Board approved appointment.

  • Resignation: Ms. Pooja Chaubey

  • Role: Compliance Officer
  • Effective Date: 18 July 2026 (close of working hours)
  • Context: Resignation due to “personal reasons”; confirmation of no other material reasons.

Panyam Cements & Mineral Industries Limited (BSE: 500322)

  • (Already captured above under KMP resignation; no director appointment/resignation in provided text.)

4. Notable Company-Specific Situations

Vantage Knowledge Academy Limited (BSE: 539761)

  • Clustered leadership transition: MD resignation accepted (Neeta Rajesh Dedhia) and simultaneous appointment of Rajesh Chapshi Dedhia as MD and Chairperson, both effective 20 July 2026.

NMDC / NMDC Steel

  • Same individual appointment duplicated across two listed entities (Vivek Nishant Nath appointed Director (Commercial) in both NMDC Limited and NMDC Steel Limited), effective 15 July 2026.

5. Reappointments / Extensions (side notes)

No explicit reappointment/extension of CEO/CFO/COO/Chairman/MD was stated in the provided filings (beyond new appointments and term-completion cessations).