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Management Changes

CFO Appointed at LICI, CEO Resigns at Thinkink Picturez

July 29, 2026 6 mins read Firehose Gupta

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

0. Critical Alerts (Highest Priority)

No “for cause” resignations/removals were found in the provided filings.


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

K.M. Sugar Mills Limited (KMSUGAR)

  • Change: Re-appointment
  • Person: Mr. Aditya Jhunjhunwala
  • Role: Managing Director (MD)
  • Effective Date: 01-Apr-2027
  • Context: Re-appointment approved by members in AGM held on 28-Jul-2026 (further period of three years).

  • Change: Re-appointment

  • Person: Mr. Sanjay Jhunjhunwala
  • Role: Joint Managing Director (Jt. MD)
  • Effective Date: 01-Apr-2027
  • Context: Re-appointment approved by members in AGM held on 28-Jul-2026 (further period of three years).

  • Change: Re-appointment

  • Person: Mr. S. C. Agarwal
  • Role: Executive Director cum CEO
  • Effective Date: 01-Apr-2027
  • Context: Re-appointment approved by members in AGM held on 28-Jul-2026 (further period of three years).

  • Change: Appointment / Regularisation

  • Person: Smt. Naina Devi Jhunjhunwala
  • Role: Whole-Time Director (WTD)
  • Effective Date: 01-Aug-2026
  • Context: Appointment approved by members in AGM held on 28-Jul-2026 (period of 3 years).

TruAlt Bioenergy Limited (TRUALT)

  • Change: Appointment
  • Person: Mr. Mallikarjun Bhimappa Dyaberi (DIN: 02474471)
  • Role: Chairman of the Board
  • Effective Date: 28-Jul-2026
  • Context: Board approved appointment for a period of one year effective from 28-Jul-2026.

Life Insurance Corporation of India (LICI)

  • Change: Appointment / Re-designation
  • Person: Shri Varadarajan Muthuvenkataraman
  • Role: Executive Director (Enterprise Risk Management) & Chief Risk Officer (KMP)
  • Effective Date: 28-Jul-2026
  • Context: Re-designated as ED (Enterprise Risk Management) & CRO w.e.f. 28-Jul-2026.

  • Change: Appointment

  • Person: Shri Shatmanyu Shrivastava
  • Role: Chief Financial Officer (CFO)
  • Effective Date: 28-Jul-2026
  • Context: Appointed as CFO (KMP) w.e.f. 28-Jul-2026.

Thinkink Picturez Limited (539310)

  • Change: Resignation (CEO)
  • Person: Mr. Chetan Jayantilal Chauhan
  • Role: Chief Executive Officer (CEO)
  • Effective Date: close of business hours on 27-Jul-2026 (accepted/recorded on 28-Jul-2026)
  • Context: Resignation noted/accepted; reason stated as “other commitments” (and resignation letter cites personal reasons).

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

Nesco Limited (NESCO)

  • Appointment: Mr. Ashish Joshi
  • Role: Chief Procurement & Contracts Officer (designated as Senior Managerial Personnel)
  • Effective Date: 28-Jul-2026
  • Context: Appointment as Senior Managerial Personnel (Annexure A).

AGI Greenpac Limited (AGI)

  • Appointment: Mr. Shashvat Somany
  • Role: Joint Managing Director (designated as Whole-time KMP)
  • Effective Date: 01-Oct-2026
  • Context: Board recommended appointment as Director and Jt. MD for 5 years; shareholders’ approval required; he ceases to be Senior Management Personnel from 01-Oct-2026.

Ameenji Rubber Limited (544555)

  • Resignation: Mrs. Tejaswini Kandra
  • Role: Chief Financial Officer (CFO)
  • Effective Date: close of working hours on 28-Jul-2026
  • Context: Resignation tendered “due to personal reasons.”

Ravileela Granites Limited (526095)

  • Appointment: Ms. Parvatha Harshini Reddy (DIN: 06948591)
  • Role: Additional Director (Non-Executive and Non-Independent)
  • Effective Date: 28-Jul-2026 (until ensuing AGM)
  • Context: Appointment approved based on NRC recommendation.

Maruti Infrastructure Limited (531540)

  • Change: Re-designation
  • Person: Mr. Chetan A Patel (DIN: 00185194)
  • Role: From Whole Time Director → Non-Executive Non-Independent Director
  • Effective Date: 01-Sep-2026 (subject to member approval)
  • Context: Board approved re-designation subject to approval in ensuing general meeting.

3. Board / Director Changes (Independent / Non-executive / Additional directors)

K.M. Sugar Mills Limited (KMSUGAR)

  • Appointment: Smt. Naina Devi Jhunjhunwala (DIN: 01837824)
  • Role: Director (regularisation)
  • Effective Date: Regularisation approved in AGM on 28-Jul-2026
  • Context: Regularisation of director; also appointed as WTD separately (Key Leadership section).

  • Continuation: Mr. Sushil Solomon

  • Role: Non-Executive Independent Director
  • Effective Date: continuation post attaining age 75 on 21-Dec-2026 (remaining term up to 05-Aug-2029)
  • Context: Continuation approved; no resignation/cessation stated.

TruAlt Bioenergy Limited (TRUALT)

  • Appointment: Mr. Mallikarjun Bhimappa Dyaberi (DIN: 02474471)
  • Role: Chairman (also an Independent Director)
  • Effective Date: 28-Jul-2026
  • Context: Chairman appointment for 1 year; continues as Independent Director as per original terms.

Sayaji Hotels (Indore) Limited (544080)

  • Appointment: Mohammed Yusuf Abdul Razak Dhanani (DIN: 10550544)
  • Role: Additional Non-Executive Non-Independent Director
  • Effective Date: 28-Jul-2026
  • Context: Holds office till conclusion of ensuing AGM or three months (whichever earlier).

Ambassador Intra Holdings Limited (542524)

  • Appointment: Mr. Anupsing Thakur (DIN: 11848227)
  • Role: Additional Director (Non-Executive)
  • Effective Date: 28-Jul-2026
  • Context: Board approved appointment; committee reconstitution also approved.

V.S.T. Tillers Tractors Limited (VSTTILERS)

  • Resignation/Retirement: Mrs. Siva Kameswari Vissa (DIN: 02336249)
  • Role: Independent Director
  • Effective Date: close of business hours on 28-Jul-2026
  • Context: Retired after completion of second consecutive term; ceased to be Audit Committee member.

Life Insurance Corporation of India (LICI)

  • Cessation: Shri Mahalingam G. (DIN: 09660723)
  • Role: Independent Director
  • Effective Date: July 28, 2026 (after close of day)
  • Context: Ceased upon completion of term; also ceased committee roles.

  • Cessation: Dr. V. S. Parthasarathy (DIN: 00125299)

  • Role: Independent Director
  • Effective Date: July 28, 2026 (after close of day)
  • Context: Ceased upon completion of term; also ceased committee roles.

Sword-Edge Commercials Limited (512359)

  • Resignation: Ms. Adithi Rathore (DIN: 11473799)
  • Role: Independent Director
  • Effective Date: close of business hours on 28-Jul-2026
  • Context: Resignation due to personal reasons; also ceased committee memberships.

Mishka Exim Limited (539220)

  • Resignation: Mr. Rajneesh Kumar Garg (DIN: 07102529)
  • Role: Independent Director
  • Effective Date: 27-Jul-2026
  • Context: Resignation due to “other commitments and unavoidable circumstances.”

Alfa Transformers Limited (ALFATRAN)

  • Re-appointment: Mr. Rashmi Ranjan Satapathy (DIN: 09421874)
  • Role: Independent Director
  • Effective Date: 29-Jul-2026 (term stated 2nd term of second consecutive years)
  • Context: Shareholders approved re-appointment.

  • Re-appointment: Mr. Prem Sagar Mishra (DIN: 10931842)

  • Role: Independent Director
  • Effective Date: 29-Jul-2026
  • Context: Shareholders approved re-appointment.

  • Re-appointment: Mr. Dillip Kumar Das (DIN: 00402931)

  • Role: Managing Director
  • Effective Date: 19-Jul-2026 to 18-Jul-2027 (post attaining age 75)
  • Context: Shareholders approved re-appointment for 1 year.

  • Re-appointment: Mr. Debasis Das (DIN: 00402790)

  • Role: Whole Time Director
  • Effective Date: 31-Mar-2026 to 30-Mar-2028
  • Context: Shareholders approved re-appointment for 2 years.

  • Appointment: Mr. Jayramrao Marathe (DIN: 00063195)

  • Role: Director (Additional; Non-Executive Non-Independent)
  • Effective Date: 17-Jul-2026
  • Context: Shareholders approved appointment of Additional Director.

Triveni Weglass Limited (502281)

  • Re-appointment: Sri Ishwar Chandra Agarwal (DIN: 09641942)
  • Role: Independent Director
  • Effective Date: 21-Jun-2027 to 20-Jun-2032
  • Context: Board re-appointed for second term of 5 years (subject to member approval).

Ravileela Granites Limited (526095)

  • Appointment: Ms. Parvatha Harshini Reddy (DIN: 06948591)
  • Role: Additional Director (Non-Executive and Non-Independent)
  • Effective Date: 28-Jul-2026 until ensuing AGM
  • Context: Board approved appointment.

Gini Silk Mills Limited (531744)

  • Re-appointment: Mr. Pranav Harlalka (DIN: 08290863)
  • Role: Whole-time Director
  • Effective Date: 10-Aug-2026 to 09-Aug-2029
  • Context: Re-appointment approved; subject to member approval.

Alfa Transformers / KMSugar / LIC / others

(Already covered above in their respective sections.)


4. Notable Company-Specific Situations

Life Insurance Corporation of India (LICI)

  • Cluster: Two Independent Directors ceased on the same date (28-Jul-2026), and simultaneously the company approved KMP changes (CFO appointment and CRO re-designation) in separate filings.

K.M. Sugar Mills Limited (KMSUGAR)

  • Cluster: AGM approved multiple senior leadership/director changes together—regularisation + WTD appointment, and re-appointments of MD/Jt. MD/ED-cum-CEO effective from 01-Apr-2027 (plus WTD from 01-Aug-2026).

Thinkink Picturez Limited (539310)

  • Cluster: CEO resignation accepted/recorded (effective 27-Jul-2026); no replacement CEO appointment mentioned in the provided filing.

5. Reappointments / Extensions (Side Notes)

Triveni Weglass Limited (502281)

  • Independent Director re-appointment: Ishwar Chandra Agarwal for 5 years (21-Jun-2027 to 20-Jun-2032), subject to member approval.

Gini Silk Mills Limited (531744)

  • Whole-time Director re-appointment: Pranav Harlalka for 3 years (10-Aug-2026 to 09-Aug-2029), subject to member approval.

Alfa Transformers Limited (ALFATRAN)

  • MD re-appointment: Dillip Kumar Das for 1 year (19-Jul-2026 to 18-Jul-2027).
  • WTD re-appointment: Debasis Das for 2 years (31-Mar-2026 to 30-Mar-2028).
  • Independent Director re-appointments: Rashmi Ranjan Satapathy and Prem Sagar Mishra for 2nd term (as approved by shareholders).

K.M. Sugar Mills Limited (KMSUGAR)

  • Re-appointments: MD (Aditya Jhunjhunwala), Jt. MD (Sanjay Jhunjhunwala), ED-cum-CEO (S. C. Agarwal) for further 3-year terms from 01-Apr-2027.

If you want, I can also provide a separate appendix listing all non-leadership director/committee/ auditor appointments (secretarial auditor, cost auditor, internal auditor, etc.), which were frequent in these filings but fall outside your leadership/director-change scope.