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Management Changes

Kingfa reshuffles CFO, COO, and Chairman roles

August 15, 2026 7 mins read Firehose Gupta

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

Critical Alerts (for-cause resignations)

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


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

Kingfa Science & Technology (India) Limited (KINGFA)

  • Change: Appointment (Chairman & Managing Director)
  • Person: Mr. Wang Dazhong (DIN: 11849911)
  • Role: Chairman & Managing Director
  • Effective Date: August 15, 2026
  • Context: Appointed in place of Mr. Bo Jingen, who resigned as Chairman & Managing Director (cessation close of business hours on August 14, 2026).

  • Change: Resignation (Chairman & Managing Director)

  • Person: Mr. Bo Jingen
  • Role: Chairman & Managing Director
  • Effective Date: close of business hours on August 14, 2026
  • Context: Resignation letter states it is “consequent to my transition to another entity within the Kingfa Group” and confirms no material reasons other than stated above.

Sudal Industries Limited (SUDAL)

  • Change: Re-appointment (MD)
  • Person: Mr. Sudarshan Shriram Chokhani (DIN: 00243355)
  • Role: Managing Director
  • Effective Date: September 1, 2026 to August 31, 2029 (subject to member approval at AGM)
  • Context: Re-appointed for a 3-year term, liable to retire by rotation.

White Organic Agro Limited (WHITEORGA)

  • Change: Re-appointment (MD)
  • Person: Mr. Darshak Rupani (DIN: 03121939)
  • Role: Managing Director
  • Effective Date: November 14, 2026 (subject to shareholder approval at AGM)
  • Context: Board approved re-appointment for a further 3-year term.

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

Kingfa Science & Technology (India) Limited (KINGFA)

  • Appointment: Mr. Sethuraman Shanmugasundaram (DIN: 11871332)
  • Role: Whole-time Director designated as Chief Operating Officer (COO)
  • Effective Date: August 15, 2026
  • Context: Appointed as COO upon resignation of Mr. Doraiswami Balaji from Whole-time Director (Executive Director).

  • Resignation: Mr. Doraiswami Balaji (DIN: 08256342)

  • Role: Whole-time Director designated as Executive Director
  • Effective Date: close of business hours on September 30, 2026
  • Context: Resignation stated as decision to retire after long association.

  • Appointment: Mr. Xie Dongming

  • Role: Chief Financial Officer (CFO) (KMP)
  • Effective Date: August 15, 2026
  • Context: Appointment as CFO (KMP).

  • Resignation: Mr. Chen Xiaogiong

  • Role: Chief Financial Officer (CFO) (KMP)
  • Effective Date: close of business hours on August 14, 2026
  • Context: Resignation due to transfer to another entity within Kingfa Group.

  • Appointment: Mr. He Liuwei

  • Role: Chief Technology Officer (CTO) (Senior Management)
  • Effective Date: August 15, 2026
  • Context: Appointed in place of Mr. Sun Yajie, who resigned as CTO.

  • Appointment: Mr. Saravanan Balasundaram

  • Role: Chief Marketing Officer (CMO) (Senior Management)
  • Effective Date: August 15, 2026

Grandma Trading & Agencies Limited (GRANDMA)

  • Appointment: Mr. Avdhesh Chaurasiya (DIN: 10277816)
  • Role: Whole-Time Director (WTD) and CFO
  • Effective Date: w.e.f. August 13, 2026 (clarification filed for earlier date error)
  • Context: Board approved appointment and redesignation; company clarified delay was inadvertent/procedural.

Aditya Spinners Limited (ADITYASPIN)

  • Resignation: Mr. Ramamoorthy Puthalapattu
  • Role: CFO (KMP) and Internal Auditor
  • Effective Date: close of business hours on August 14, 2026
  • Context: Resignation due to age constraint (also filed earlier version citing “personal reasons”).

Max Estates Limited (MAXESTATES)

  • Appointment: Mr. Hardik Manek
  • Role: Chief Strategy Officer (Senior Management Personnel)
  • Effective Date: August 14, 2026
  • Context: Board approved appointment effective immediately.

Dhenu Buildcon Infra Limited (DHENUBUILD)

  • No core CEO/CFO/COO change reported in the provided filing; only independent director appointments (see Board section).

3) Board / Director Changes (Independent / Non-Executive / Additional)

Dhenu Buildcon Infra Limited (DHENUBUILD)

  • Appointment: Ms. Rekhaben Sanjay Bhanushali (DIN: 11232261)
  • Role: Non-Executive Independent Director
  • Effective Date: August 14, 2026
  • Term: 5 years (to August 13, 2031), subject to shareholder approval

  • Appointment: Mr. Asutosh Arun Sahu (DIN: 11198966)

  • Role: Non-Executive Independent Director
  • Effective Date: August 14, 2026
  • Term: 5 years (to August 13, 2031), subject to shareholder approval

Jindal Poly Films Limited (JINDALPOLY)

  • Re-appointment: Mr. Sanjeev Aggarwal (DIN: 00006552)
  • Role: Independent Director (Non-Executive)
  • Effective Date: October 1, 2026 to September 30, 2030
  • Context: Re-appointment for second term of 4 consecutive years, subject to member approval.

Anuh Pharma Limited (ANUHPHR)

  • Re-appointment: Mr. Bipin Nemchand Shah (DIN: 00083244)
  • Role: Non-Executive Non-Independent Director
  • Effective Date: w.e.f. August 12, 2026 (retire by rotation re-appointment)

  • Re-appointment: Mr. Arun Lalchand Todarwal (DIN: 00020916)

  • Role: Non-Executive Non-Independent Director
  • Effective Date: w.e.f. August 12, 2026

Spenta International Limited (SPENTAIN)

  • Re-appointment: Mr. Danny Firoze Hansotia (DIN: 00203497)
  • Role: Managing Director
  • Effective Date: December 1, 2026 to November 30, 2029 (subject to shareholder approval)
  • Note: MD is also a key role, but this filing frames it as re-appointment under MD.

  • Re-appointment: Mr. Dilip Ramdas Pawar (DIN: 09279715)

  • Role: Non-Executive Independent Director
  • Effective Date: August 13, 2026 to August 12, 2031 (subject to shareholder approval)

  • Appointment: Mrs. Payal Bohra

  • Role: Company Secretary & Compliance Officer (KMP; not counted in board section per your rules)

  • Appointment: Mr. Anil Krushnadas Parekh (DIN: 07032496)

  • Role: Additional Director (Executive Director)
  • Effective Date: August 14, 2026 (subject to shareholder approval)

SVP Global Textiles Limited (SVPGLOB)

  • Appointment: Mrs. Aradhana Nayak (DIN: 08536989)
  • Role: Additional Director (Non-Executive Independent Woman Director)
  • Effective Date: August 14, 2026
  • Term: Up to ensuing general meeting; subject to shareholder approval for 5-year independent term.

Parmax Pharma Limited (PARMAX)

  • Appointment: Mr. Dhiren Chandulal Shah (DIN: 00255333)
  • Role: Additional Director (Non-Executive) & Chairman
  • Effective Date: August 14, 2026

  • Appointment: Mr. Sunil Shah (DIN: 11888388)

  • Role: Additional Director (Non-Executive)
  • Effective Date: August 14, 2026

  • Recommendation (for AGM): Mrs. Anjana Paresh Shah (DIN: 00845784)

  • Role: Non-Executive Independent Director (5 years)
  • Effective Date: from AGM date (as stated)

  • Recommendation (for AGM): Mr. Ashish Atmaram Shah (DIN: 06873593)

  • Role: Non-Executive Independent Director (5 years)
  • Effective Date: from AGM date (as stated)

  • Resignation: Ms. Salma Thobhani (DIN: 11616267)

  • Role: Non-Executive Director
  • Effective Date: close of business hours on August 14, 2026
  • Context: “due to other business commitments”

Hindustan Copper Limited (HINDCOPPER)

  • Appointment: Shri Ashish Kumar Khetan
  • Role: Additional Director – Part Time Non-Official (Independent)
  • Effective Date: August 14, 2026 to AGM date (as stated)
  • Context: Appointment via board resolution through circulation.

ESAF Small Finance Bank Limited (ESAFSFB)

  • Appointment: Shri Hari Velloor (DIN: 11650530)
  • Role: Non-Executive Director
  • Effective Date: September 1, 2026 to August 31, 2029

  • Appointment: Shri Ashok Tukaram Dhamankar (DIN: 03066552)

  • Role: Non-Executive Independent Director
  • Effective Date: September 1, 2026 to August 31, 2029

  • Re-appointment: Prof. Biju Varkkey (DIN: 01298281)

  • Role: Non-Executive Independent Director
  • Effective Date: August 17, 2026 to August 16, 2029

Engineers India Limited (ENGINERSIN)

  • Appointment: Smt Kahuli Sema (DIN: 11893225)
  • Role: Non-official Independent Director
  • Effective Date: w.e.f. August 14, 2026

  • Appointment: Shri Ashish Kumar Gupta (DIN: 00728633)

  • Role: Non-official Independent Director
  • Effective Date: w.e.f. August 14, 2026

International Conveyors Limited (INTLCONV)

  • Re-appointment: Shri Sunit Mehra (DIN: 00359482)
  • Role: Non-Executive Independent Director
  • Effective Date: September 25, 2026 to September 24, 2031
  • Context: Second term, subject to shareholder approval.

GlobalSpace Technologies Limited (GLOBALSPACE)

  • Re-appointment: Mr. Girish Kasaragode Mallya (DIN: 09533336)
  • Role: Independent Director (Non-Executive)
  • Effective Date: second term for 5 years (subject to member approval; exact dates not stated in the excerpt)

Kingfa Science & Technology (India) Limited (KINGFA)

  • Appointment: Ms. Apurva Pradeep Joshi (DIN: 06608172)
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: August 15, 2026
  • Term: 5 years (to August 14, 2031), subject to member approval

  • Completion of term: Ms. Nilima Ramrao Shinde (DIN: 07646156)

  • Role: Independent Director
  • Effective Date: close of business hours on October 31, 2026 (after second consecutive term)

  • Redesignation: Mr. Sun Yajie (DIN: 11191121)

  • Role: from Whole-time Director (Executive Director/CTO) to Non-Executive Non-Independent Director
  • Effective Date: August 14, 2026
  • Context: Also ceased as CTO on August 14, 2026.

Padam Cotton Yarns Limited (PADAMCO)

  • Appointment: Mr. Dharmesh Mithabhai Patel (DIN: 11389357)
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: August 14, 2026 (subject to shareholder approval)
  • Term: 5 years

  • Resignation: Mr. Anand Manoharlal Kothari (DIN: 10900584)

  • Role: Independent Director
  • Effective Date: close of business hours on August 14, 2026
  • Context: “due to engagement in other professional commitments”

Umiya Buildcon Limited (UMIYA-MRO)

  • Re-appointment: Mrs. Neela Manjunath (DIN: 06981005)
  • Role: Non-Executive Independent Director
  • Effective Date: 30/09/2026
  • Term: 5 years (second term)

Grandma Trading & Agencies Limited (GRANDMA)

  • No separate board appointment beyond WTD/CFO redesignation (counted under executive management above).

Dhenu Buildcon Infra Limited (DHENUBUILD)

  • (Already captured under Board appointments above)

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

Kingfa Science & Technology (India) Limited (KINGFA)

  • High clustering of changes on the same board outcome:
  • Chairman & MD transition (Bo Jingen → Wang Dazhong)
  • Whole-time/COO transition (Doraiswami Balaji → Sethuraman Shanmugasundaram)
  • CFO transition (Chen Xiaogiong → Xie Dongming)
  • CTO/CTO redesignation (Sun Yajie redesignated; He Liuwei appointed as CTO)
  • CMO appointment
  • Multiple director/independent director tenure changes (Apurva Joshi appointment; Nilima Shinde term completion)

Apollo Finvest (India) Limited (APOLLOFIN)

  • Secretarial auditor change:
  • Resignation of SGGS & Associates due to “disagreement in the commercial arrangements”
  • Appointment of Pranay D. Vaidya and Co. as secretarial auditor for 5 years (subject to AGM)

Aditya Spinners Limited (ADITYASPIN)

  • Simultaneous KMP exits:
  • CFO (KMP) resignation and Internal Auditor resignation both effective August 14, 2026 (after hours).

5) Reappointments / Extensions (side notes)

  • White Organic Agro Limited (WHITEORGA): MD Darshak Rupani re-appointed for 3 years from Nov 14, 2026 (subject to AGM).
  • Sudal Industries Limited (SUDAL): MD Sudarshan Chokhani re-appointed for 3 years from Sep 1, 2026 (subject to AGM).
  • Jindal Poly Films (JINDALPOLY): Independent director Sanjeev Aggarwal re-appointed for 4 years from Oct 1, 2026 (subject to AGM).
  • International Conveyors (INTLCONV): Independent director Sunit Mehra re-appointed for 5 years from Sep 25, 2026 (subject to AGM).
  • ESAF Small Finance Bank (ESAFSFB): Multiple director appointments/re-appointments effective Sep 1 / Aug 17, 2026 for 3 years.

If you want, I can also provide a one-page “changes matrix” (company × role × effective date) for faster internal scanning.