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Management Changes

Nazara CEO switch effective September 1, 2026

August 4, 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 found in the provided filings.


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

Nazara Technologies Limited (NAZARA)

  • Change: Resignation (CEO)
  • Person: Mr. Nitish Mittersain
  • Role: CEO (continues as Managing Director)
  • Effective Date: September 01, 2026
  • Context: Resignation from the office of CEO, “concurrent with the assumption of office by Mr. Raymond Albaladejo Stauffer as the CEO”.

  • Change: Appointment (CEO)

  • Person: Mr. Raymond Albaladejo Stauffer
  • Role: CEO (KMP)
  • Effective Date: September 01, 2026 (or other date on receipt of approvals)
  • Context: Board appointment as CEO, subject to regulatory/immigration/employment/FX and other statutory approvals.

Naperol Investments Limited (500298)

  • Change: Stepping down / role change (CFO & CRO)
  • Person: Mr. Deepak Kumar
  • Role: CFO & CRO (stepping down) → Manager & KMP
  • Effective Date: close of business hours, August 26, 2026 (stepping down)
  • Context: “Stepping down… to take role of Manager (Key Managerial Personnel)”.

  • Change: Appointment

  • Person: Mr. Deepak Kumar
  • Role: Manager & KMP
  • Effective Date: August 27, 2026 (for 5 years; subject to member approval)
  • Context: Appointment approved by Board; subject to shareholders’ approval at AGM.

Heera Ispat Limited (526967)

  • Change: Resignation
  • Person: Mr. Omprakash Dhariwal
  • Role: Managing Director
  • Effective Date: August 03, 2026
  • Context: Resignation from MD “due to personal reasons”.

  • Change: Appointment

  • Person: Mr. Harshvardhan Katariya
  • Role: Managing Director & Chairman (Executive Non-Independent)
  • Effective Date: August 03, 2026 (subject to shareholders/approvals)
  • Context: Board appointment as Additional Director designated as MD and Chairman.

  • Change: Appointment

  • Person: Mr. Jimit Sanghvi
  • Role: CFO & KMP
  • Effective Date: August 03, 2026
  • Context: Appointment as CFO and KMP.

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

PNB Housing Finance Limited (PNBHOUSING)

  • Appointment/Designation: Mr. Satish Kumar Singh
  • Role: Chief Business Officer – Affordable Business
  • Effective Date: August 03, 2026
  • Context: Designated to manage both Sales and Collections in Affordable Business.
  • Resignation: Ms. Valli Sekar
  • Role: Chief Business Officer (Affordable business)
  • Effective Date: relieved September 01, 2026
  • Context: Resignation “to pursue other opportunities”.

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

Nazara Technologies Limited (NAZARA)

  • Appointment: Mr. Con Anthony Conlon
  • Role: Additional Director (Independent)
  • Effective Date: August 03, 2026 (term 5 years; subject to member approval)
  • Resignation: Mr. Arun Vijaykumar Gupta
  • Role: Independent Director
  • Effective Date: August 04, 2026
  • Context: Resigned due to “increased professional commitments and other engagements”.

Signpost India Limited (SIGNPOST)

  • Appointment: Ms. Meghna Rajadhyaksha
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: August 03, 2026
  • Context: Term 3 years (subject to shareholder approval at AGM).

Inventure Growth & Securities Limited (INVENTURE)

  • Re-appointment: Mr. Kanji B. Rita
  • Role: Chairman & Managing Director
  • Effective Date: 13 August 2027 (term 3 years; subject to shareholder approval)
  • Re-appointment: Mr. Surji Damji Chheda
  • Role: Independent Director
  • Effective Date: 1 October 2027 (second term 5 years; subject to shareholder approval)

Creative Eye Limited (CREATIVEYE)

  • Appointment: Ms. Asha Choudhary
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: August 03, 2026 (term 5 years; subject to shareholder approval at EOGM)
  • Resignations:
  • Mr. Charuhas Shantaram Patil — Independent Director (effective August 03, 2026)
  • Mr. Sanjay Krishna Rane — Non-Independent Non-Executive Director (effective August 03, 2026)
  • Mr. Sachin Vaman Devare — Non-Independent Executive Director (effective August 03, 2026)

Ganesha Ecosphere Limited (GANECOS)

  • Appointment: Mr. Rajiv Kumar Saxena
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: August 03, 2026 (term 2 years; subject to member approval)

  • Re-appointment (board-level SMP): Mr. Sandeep Khandelwal

  • Role: Senior Vice President (not a director role; included here only as per filing—see section 4)

NOCIL Limited (NOCIL)

  • Appointments (approved by shareholders at AGM on Aug 03, 2026):
  • Mr. Sanjiv Lal — Independent Director (May 07, 2026 to May 06, 2031)
  • Mr. Sabyaschi Patnaik — Independent Director (May 07, 2026 to May 06, 2031)
  • Mr. Hrishikesh A. Mafatlal — Executive Chairman (Aug 19, 2026 to Aug 18, 2031)

Hawkins Cooker Ltd. (HAWKINSC)

  • Cessation: Mr. Ravi Kant
  • Role: Independent Director
  • Effective Date: August 03, 2026 (completion of second consecutive term)

Wagend Infra Venture Limited (WAGEND)

  • Resignation (taken on record / effective): Mr. Yash Surjan
  • Role: Independent Director
  • Effective Date: close of business hours, August 03, 2026
  • Context: Resignation “upon completion of the entire handover and transition process”.

Jain Resource Recycling Limited (JAINREC)

  • Resignation: Mr. Kandaswamy Paramasivan
  • Role: Independent Director
  • Effective Date: forenoon, August 03, 2026
  • Context: “due to personal reasons and no material reasons”.

IndusInd Bank Limited (INDUSINDBK)

  • Appointment: Ms. Mini Ipe
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: August 03, 2026 (4 years; subject to shareholder approval)

Arigato Universe Limited (ARIGATO)

  • Resignation: Ms. Vandana Mayur Amrutiya
  • Role: Non-Executive Independent Director
  • Effective Date: August 10, 2026
  • Context: “personal reasons and other commitments”.

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

Nazara Technologies Limited (NAZARA)

  • Clustered leadership transition: CEO change announced with simultaneous CEO resignation (Nitish Mittersain) and CEO appointment (Raymond Stauffer) effective September 01, 2026, while Mittersain continues as Managing Director.
  • Board reshuffle alongside CEO transition: Independent director resignation (Arun Gupta) effective Aug 04, 2026 and independent director appointment (Conlon) effective Aug 03, 2026.

Heera Ispat Limited (526967)

  • Multiple top-level exits/entries in one board cycle: MD resignation (Aug 03, 2026), Whole-time director resignation (July 31, 2026), CFO resignation (Aug 03, 2026), and new MD/Chairman + CFO appointments (Aug 03, 2026).

Creative Eye Limited (CREATIVEYE)

  • Simultaneous director churn: three director resignations (Independent + Non-Independent Non-Executive + Non-Independent Executive) all effective Aug 03, 2026, plus appointment of an additional independent director effective the same date.

5. Reappointments / Extensions (side notes)

Inventure Growth & Securities Limited (INVENTURE)

  • Re-appointment: Chairman & MD (Kanji B. Rita) and Independent Director (Surji Damji Chheda) with future effective dates (Aug 2027 / Oct 2027).

Hawkins Cooker Ltd. (HAWKINSC)

  • Independent director term completion: Ravi Kant retired after second 5-year term on Aug 03, 2026 (not a reappointment).

Ganesha Ecosphere Limited (GANECOS)

  • Re-appointment: Mr. Sandeep Khandelwal as Senior Vice President for 5 years effective October 15, 2026.

If you want, I can also provide a one-page “changes dashboard” (counts by company and role type) based strictly on the above filings.