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Management Changes

P.M. Telelinnks Promoter Exit Triggers Top Management Overhaul

July 30, 2026 5 mins read Firehose Gupta

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

0. Critical Alerts (for-cause resignations)

No “for cause” resignations with governance/ethical/mismanagement-type reasons were explicitly stated in the provided filings.


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

P.M. TELELINNKS LTD. (513403)

  • Change: Resignation (CEO/CFO/MD) + Appointment (CEO/CFO/Chairman via Board)
  • Person: Ravi Surana Pukhraj
  • Role: CEO (also disclosed as Managing Director in Board resignation list)
  • Effective Date: 29 July 2026
  • Context: Resignation recorded “consequent to the completion of the Transaction and due to the consequent cessation of control” by outgoing promoter group.
  • Person: Dipin Surana
  • Role: CFO
  • Effective Date: 29 July 2026
  • Context: Resignation recorded consequent to change in management/ownership after transaction completion.
  • Person: Hari om Parkash
  • Role: CEO (Whole Time Director and Chief Executive Officer)
  • Effective Date: 29 July 2026
  • Context: Board appointment effective 29 July 2026 (subject to shareholder approval for directors).
  • Person: Niraj Agarwal
  • Role: CFO
  • Effective Date: 29 July 2026
  • Context: Board appointment effective 29 July 2026.
  • Person: Neerav Hans
  • Role: Chairman (Additional Director, Non-Executive)
  • Effective Date: 29 July 2026
  • Context: Board appointment as Chairman (subject to shareholder approval).

BGR ENERGY SYSTEMS LIMITED (532930)

  • Change: Re-appointment (MD)
  • Person: Arjun Govind Raghupathy
  • Role: Managing Director
  • Effective Date: 11 November 2026 (approved; subject to shareholder approval at AGM)
  • Context: Re-appointment for a further term of five years.

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

P.M. TELELINNKS LTD. (513403)

  • Appointment: None explicitly beyond CEO/CFO/Chairman (KMP list only includes CFO/CEO).

BGR ENERGY SYSTEMS LIMITED (532930)

  • Appointment: Rangarajan Mukunthan
  • Role: President for Business Division (Senior Management Personnel)
  • Effective Date: 29 July 2026

Akme Fintrade (India) Limited (544200)

  • Appointment: Dipesh Jain
  • Role: Chief Operating Officer (COO)
  • Effective Date: 29 July 2026

Jagsonpal Pharmaceuticals Limited (507789)

  • Appointment/Designation as Senior Management Personnel (internal restructuring):
  • Balmukund Keshav – DGM (Information Technology) (effective 29 July 2026)
  • Sanjay Singhal – GM (CQA & Regulatory Affairs) (effective 29 July 2026)

Rail Vikas Nigam Limited (RVNL) (542649)

  • Appointment (promotion into senior management): BRSLN Murty
  • Role: Executive Director (Civil), Nagpur
  • Effective Date: 29 July 2026

Jagsonpal Pharmaceuticals Limited (507789)

  • (covered above)

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

P.M. TELELINNKS LTD. (513403)

  • Appointment (effective 29 July 2026; subject to shareholder approval):
  • Neerav Hans – Additional Director (Non-Executive, Chairman)
  • Hari om Parkash – Additional Director (Whole Time Director & CEO)
  • Kawal Singh – Additional Director (Non-Executive Independent)
  • Kritika Gupta – Additional Director (Non-Executive Independent)
  • Resignation (immediate; effective 29 July 2026):
  • Patlolla Laxmi Kanth Reddy – Independent Director
  • Sripal Dadigala – Independent Director
  • Venkata Surya Sri Lakshmi Malapaka – Non-Executive Director

Novartis India Limited (500672)

  • Appointment (additional directors; effective 29 July 2026, until ensuing AGM):
  • Ashok Bhatia – Additional Director (Non-Executive, Non-Independent)
  • Kshitij Sheth – Additional Director (Non-Executive, Non-Independent)
  • Dr. Jagriti Gupta – Additional Director (Non-Executive, Non-Independent)
  • Ramesh Ramadurai – Additional Independent Director
  • Shashank Sinha – Additional Independent Director
  • Suchita Sharma – Additional Independent Director
  • Resignation taken on record (effective 29 July 2026):
  • Christopher David Snook – Non-Executive Non-Independent Director (Chairperson)
  • Falin Ishwarlal Majmudar – Whole-time director
  • Shilpa Shashank Joshi – Whole-time director & CFO
  • Gira Jagdeesh Sardesai – Independent Director
  • Sanker Parameswaran – Independent Director
  • Gowree Gokhale – Independent Director
  • Context (board-level): change in control following completion of open offer/transaction.

Prashant India Limited (519014)

  • Resignation: Parth Mahendarkumar Pandya – Independent Director
  • Effective Date: close of business hours 14 August 2026
  • Reason stated: professional and personal commitments (no “material reasons” other than those stated)

Syngene International Limited (539268)

  • Resignation: Kush Parmar – Independent Director
  • Effective Date: close of business hours 29 July 2026
  • Reason stated: other increasing commitments in the USA; inability to devote sufficient time while residing outside India.

MPS Limited (532440)

  • Re-appointment: Karthik Bhat Khandige – Independent Non-Executive Director
  • Effective Date: 30 July 2026 (term: 5 years, subject to shareholder approval by special resolution)
  • Cessation (completion of tenure): Ruvina Singh – Independent Non-Executive Director
  • Effective Date: 30 July 2026

Greenlam Industries Limited (538979)

  • Re-appointment: Yogesh Kapur – Independent Director
  • Effective Date: conclusion of 13th AGM (29 July 2026)
  • Term: second term of 5 years

TCI Industries Limited (532262)

  • Re-appointment: Dharmpal Agarwal – Non-Executive Non-Independent Director
  • Effective Date: 28 July 2026 (AGM approval)
  • Re-appointment: Vikas Agarwal – Non-Executive Non-Independent Director
  • Effective Date: 28 July 2026 (AGM approval)

UFLEX Limited (500148)

  • Re-appointment (shareholders approved): Paresh Nath Sharma – Independent Director
  • Effective Date: 11 February 2027 (term: 5 years)

Can Fin Homes Limited (511196)

  • Re-appointment: Murali Ramaswami – Independent Director
  • Effective Date: 29 July 2026 (term till 28 July 2029)
  • Appointment: Varsha Vasant Purandare – Independent Director
  • Effective Date: 30 July 2026 (term till 29 July 2029)
  • Appointment: Shailesh Kumar Singh – Whole-Time Director & KMP (Deputy Managing Director)
  • Effective Date: 03 July 2026 (RBI approval date; term till 02 July 2029)

CROPSTER AGRO LIMITED (523105)

  • Resignation: Harendrasingh Chauhan – Non-Executive Non-Independent Director
  • Effective Date: 30 July 2026
  • Reason stated: personal commitments and other professional responsibilities.

MPF Systems Limited (532470)

  • Appointment (Additional Independent Directors; effective 29 July 2026):
  • Sachin Nagendra Singh
  • Nikita Jain

Mangal Electrical Industries Limited (544492)

  • Appointment (Additional Director, Independent; subject to shareholder approval): Neha Rathi
  • Effective Date: 29 July 2026
  • Term: 5 years (not liable to retire by rotation)

Eicher Motors Limited (505200)

  • Appointment: Cost Auditor – M/s Jyothi Satish & Co.
  • Effective Date: 29 July 2026 (for FY 2026-27)
  • (Note: not a director change; included only as board-related statutory appointment.)

OnEMI Technology Solutions Limited (KISSHT) (544754)

  • Appointment: Ramadevi Satish Venigalla – Secretarial Auditor
  • Term: 5 years (FY 2026-27 to FY 2030-31)
  • (Not a director change; included as governance appointment.)

4. Notable Company-Specific Situations (within-company clustering)

P.M. TELELINNKS LTD. (513403)

  • High clustering on 29 July 2026: simultaneous change in promoter/control completion plus multiple board and KMP exits (2 independent directors, MD/CEO, CFO, non-executive director) and new board/KMP appointments (Chairman, CEO, CFO, 2 independent directors, plus whole-time director as CEO).

Novartis India Limited (500672)

  • High clustering on 29 July 2026: transaction/open offer completion leading to multiple director resignations (including Chairperson, whole-time director, CFO, and independent directors) and simultaneous appointment of new additional directors (including independent directors).

5. Reappointments / Extensions (side notes)

BGR ENERGY SYSTEMS LIMITED (532930)

  • MD re-appointment: Arjun Govind Raghupathy for 5 years from 11 Nov 2026 (subject to shareholder approval).

Greenlam Industries Limited (538979)

  • Independent director re-appointment: Yogesh Kapur for 5 years from conclusion of 13th AGM (29 July 2026).

UFLEX Limited (500148)

  • Independent director re-appointment: Paresh Nath Sharma for 5 years from 11 Feb 2027.

MPS Limited (532440)

  • Independent director re-appointment: Karthik Bhat Khandige for 5 years from 30 July 2026 (subject to shareholder special resolution).

Can Fin Homes Limited (511196)

  • Independent director re-appointment: Murali Ramaswami (3-year term).
  • Independent director appointment: Varsha Purandare (3-year term).
  • Whole-time director appointment: Shailesh Kumar Singh (3-year term; RBI approval date).

If you want, I can also provide a one-page “changes table” (company → role → old/new → effective date) for faster internal review.