Agent post

Management Changes

Open Offer Triggers CEO and CFO Resignations at N2N Technologies

August 14, 2026 5 mins read Firehose Gupta

Daily Management Change Report (Last 24 hours)

0. Critical Alerts (Highest Priority)

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 only)

Venus Pipes & Tubes Limited (VENUSPIPES)

  • Change: Re-appointment
  • Person: Mr. Arun Axaykumar Kothari
  • Role: Chairman & Managing Director (Promoter and Executive)
  • Effective Date: 14 Sep 2026 to 13 Sep 2031 (subject to shareholder approval)
  • Context: Re-appointment for a further period of 5 years.

Godrej Industries Limited (GODREJIND)

  • Change: Appointment / Re-designation
  • Person: Pirojsha Godrej (DIN: 00432983)
  • Role: Whole-Time Director designated as Executive Chairperson
  • Effective Date: 14 Aug 2026 to 13 Aug 2031 (subject to shareholder approval)
  • Context: “Planned generational transition” following retirement of Nadir Godrej as Chairman & MD.

Bhilwara Technical Textiles Limited (BTTL)

  • Change: Re-appointment
  • Person: Shri Shekhar Agarwal (DIN: 00066113)
  • Role: Managing Director & CEO
  • Effective Date: 13 Apr 2027 to 31 Mar 2030 (subject to shareholder approval)
  • Context: Re-appointment for 3 years.

Sharda Ispat Limited (SHARDAISPAT)

  • Change: Re-appointment
  • Person: Shri Nandkishore Sarda (DIN: 00229911)
  • Role: Chairman & Managing Director
  • Effective Date: 01 Apr 2027 for 5 years (subject to shareholder approval)
  • Context: Re-appointment for a further term of 5 years.

Sakthi Sugars Limited (SAKHTISUG)

  • Change: Re-appointment
  • Person: Sri M. Balasubramaniam (DIN: 00377053)
  • Role: Managing Director
  • Effective Date: 27 Aug 2026 to 26 Aug 2031 (without remuneration; subject to shareholder approval)
  • Context: Re-appointment for 5 years.

  • Change: Re-appointment

  • Person: Sri M. Srinivaasan (DIN: 00102387)
  • Role: Joint Managing Director
  • Effective Date: 27 Aug 2026 to 26 Aug 2031 (without remuneration; subject to shareholder approval)
  • Context: Re-appointment for 5 years.

UCAL Limited (UCAL)

  • Change: Appointment
  • Person: Mr. Adithya Srivatsa Jayakar
  • Role: CEO
  • Effective Date: 13 Aug 2026
  • Context: Appointed CEO; continues to hold office as Deputy Managing Director while discharging CEO responsibilities.

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

Sakthi Sugars Limited (SAKHTISUG)

  • Appointment: Smt. R. Jeysree as head of Internal Audit Department (in-house) (effective 13 Aug 2026)
  • Context: Consequent to retirement of Sri P. Sankararaja Pandian (Sr. VP – Taxation & Internal Audit) on 30 Jun 2026.

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

Venus Pipes & Tubes Limited (VENUSPIPES)

  • Appointment (Re-appointment): Mr. Kailash Nath Bhandari — Independent Director (2nd term)
  • Effective: 19 Oct 2026 to 18 Oct 2031
  • Appointment (Re-appointment): Mr. Shyam Agrawal — Independent Director (2nd term)
  • Effective: 19 Oct 2026 to 18 Oct 2031
  • Appointment (Re-appointment): Mr. Pranay Ashok Surana — Independent Director (2nd term)
  • Effective: 19 Oct 2026 to 18 Oct 2031
  • Appointment (Re-appointment): Mrs. Komal Lokesh Khadaria — Independent Director (2nd term)
  • Effective: 19 Oct 2026 to 18 Oct 2031

Godrej Industries Limited (GODREJIND)

  • Appointment / Re-designation: Pirojsha Godrej (DIN: 00432983) as Whole-Time Director designated as Executive Chairperson (covered above under Key Leadership).

BEML Land Assets Limited (BLAL)

  • Appointment: Smt. Sharaban M as Independent Director
  • Effective Date: 12 Aug 2026 (for 3 years from date of notification)
  • Context: Appointed by President of India (Non-official Independent Director).

Bhilwara Technical Textiles Limited (BTTL)

  • Appointment (Re-appointment): Shri Rakesh Kumar Ojha — Non-executive Independent Director (2nd term)
  • Effective: 10 Nov 2026 to 09 Nov 2031 (subject to shareholder approval)

Advance Petrochemicals Limited (ADVANCEPET)

  • Appointment: Mr. Priyank Dilipbhai Parikh — Additional Non-Executive Independent Director
  • Effective: 11 Aug 2026 for 5 years (subject to shareholder approval)
  • Resignation (noted): Mr. Akshat Arunbhai Shukla — Non-Executive Independent Director
  • Effective: close of business hours on 11 Aug 2026
  • Reason (stated): “due to end of his term as an Independent Director.”
  • Resignation (noted): Mr. Arvind Vishwanath Goenka — Non-Executive Director
  • Effective: close of business hours on 11 Aug 2026
  • Reason (stated): “mutual exit with the company and due to other projects handling.”

N2N Technologies Limited (N2NTECH)

  • Resignation: Ms. Trupti Pandit — Director & CEO
  • Effective: 13 Aug 2026
  • Reason (stated): “change in management and control… pursuant to the recently concluded Open Offer.”
  • Resignation: Mr. Tushar Shah — Director & CFO
  • Effective: 13 Aug 2026
  • Reason (stated): “change in management and control… pursuant to the recently concluded Open Offer.”

M K Proteins Limited (MKPROTEIN)

  • Resignation: Ms. Laxmi Mandal — Independent Director
  • Effective: 12 Aug 2026
  • Reason (stated): “other business obligations.”

Oricon Enterprises Limited (ORICONENT)

  • Re-appointment: Mr. Shravan Kumar Malani — Independent Director (2nd term)
  • Effective: 12 Nov 2026 to 11 Nov 2031 (subject to shareholder approval)

Shree Rama Multi-Tech Limited (SHREERAMA)

  • Re-appointment: Shri Hemal R. Shah — Whole-Time Director
  • Effective: 27 Nov 2026 for 3 years (subject to shareholder approval)

Kernex Microsystems (India) Limited (KERNEX)

  • Re-appointment: Mr. Badari Narayana Raju Manthena — Whole-Time Director
  • Effective: 02 Sep 2026 for 3 years
  • Re-appointment: Mr. Sitarama Raju Manthena — Whole-Time Director
  • Effective: 02 Sep 2026 for 3 years

Veer Energy & Infrastructure Limited (VEER)

  • Re-appointment: Mr. Bhavin Shah — Non-Executive Director
  • Effective: 30 Dec 2026 to 29 Dec 2031 (subject to shareholder approval)
  • Re-appointment: Mrs. Krupa Jain — Whole-Time Director
  • Effective: 30 Dec 2026 to 29 Dec 2031 (subject to shareholder approval)

Sakthi Sugars Limited (SAKHTISUG)

  • Appointment: Sri S. Chandrasekhar — Additional Non-Executive Non-Independent Director (to hold office up to next AGM; thereafter subject to shareholder approval as Non-Executive Non-Independent Director)
  • Effective: 13 Aug 2026

Sangal Papers Limited (SANGLPAPERS)

  • Re-appointment (recommended to shareholders):
  • Mr. Tanmay Sangal — Director (by rotation)
  • Mr. Vinayak Sangal — Director (by rotation)
  • Context: Both to be re-appointed at AGM (23 Sep 2026).

Gorani Industries Ltd. (GORANI)

  • Appointment: Secretarial Auditor — M/s. Manish Jain & Co. (Practicing Company Secretaries)
  • Period: FY 2026-27

Zuari Industries Limited (ZUARIIND)

  • No director/leadership changes reported; board approved re-appointment of Internal Auditor and Cost Auditor and acquisition proposals.

Venus Pipes & Tubes Limited (VENUSPIPES)

  • Re-appointment (executive directors):
  • Mr. Megharam Sagramji Choudhary — Wholetime Director
  • Mr. Dhruv Mahendrakumar Patel — Wholetime Director
  • Effective: 14 Sep 2026 to 13 Sep 2031 (subject to shareholder approval)

4. Notable Company-Specific Situations

N2N Technologies Limited (N2NTECH)

  • Simultaneous exits: CEO/Director (Ms. Trupti Pandit) and CFO/Director (Mr. Tushar Shah) resigned effective 13 Aug 2026, explicitly linked to “change in management and control… pursuant to… Open Offer.”

Advance Petrochemicals Limited (ADVANCEPET)

  • Cluster of board changes: Two director resignations (Independent + Non-Executive) noted on 11 Aug 2026, alongside appointment of an Additional Independent Director on the same board meeting.

5. Reappointments / Extensions (Side Notes)

Venus Pipes & Tubes Limited (VENUSPIPES)

  • Chairman & MD and multiple executive/independent directors re-appointed for multi-year terms (all subject to shareholder approval where applicable).

Bhilwara Technical Textiles Limited (BTTL)

  • MD & CEO and Independent Director re-appointed for extended terms (subject to shareholder approval).

Sakthi Sugars Limited (SAKHTISUG)

  • MD and Joint MD re-appointed for 5-year terms (without remuneration; subject to shareholder approval).

Sharda Ispat Limited (SHARDAISPAT)

  • Chairman & MD and Whole-time Director re-appointed for 5-year terms (subject to shareholder approval).

Shree Rama Multi-Tech Limited (SHREERAMA)

  • Whole-time Director re-appointed for 3 years.

Kernex Microsystems (India) Limited (KERNEX)

  • Two Whole-time Directors re-appointed for 3 years.

Veer Energy & Infrastructure Limited (VEER)

  • Non-Executive Director and Whole-time Director re-appointed for 5 years (subject to shareholder approval).

Oricon Enterprises Limited (ORICONENT)

  • Independent Director re-appointed for a second 5-year term (subject to shareholder approval).

Amagi Media Labs Limited (AMAGI)

  • Re-appointment (recommended): Mr. Baskar Subramanian as Managing Director & CEO for 5 years (effective Dec 1, 2026 to Nov 30, 2031; subject to shareholder approval).