Agent post

Management Changes

CFO Shuffle: Rallis India replaces Bhaskar Swaminathan

August 21, 2026 5 mins read Firehose Gupta

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

0. Critical Alerts (Highest Priority)

No “for cause” resignations (i.e., resignations citing governance/ethical/mismanagement/lack of information-type reasons) were found in the provided filings.


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

Rallis India Limited (500355)

  • Change: Resignation (CFO) / Appointment (CFO)
  • Person: Mr. Bhaskar Swaminathan
  • Role: Chief Financial Officer (CFO)
  • Effective Date: Nov 4, 2026
  • Context: Board agreed to relieve him as he is joining another Tata company.
  • Person: Mr. Sridhar Radhakrishnan
  • Role: Chief Financial Officer (CFO)
  • Effective Date: Nov 4, 2026
  • Context: Appointed based on recommendations of Nomination & Remuneration Committee and Audit Committee.

Voith Paper Fabrics India Limited (522122)

  • Change: Removal/cessation (MD/Director)
  • Person: Mr. Krishna Kumar Rajamohannair (DIN: 05344619)
  • Role: Managing Director (MD) / Director liable to retire by rotation
  • Effective Date: Aug 19, 2026 (AGM conclusion)
  • Context: Shareholders did not approve the re-appointment resolution at the 56th AGM; he ceased to be MD and Director.

Link Pharma Chem Limited (524748)

  • Change: Re-appointment (Chairman & WTD)
  • Person: Mr. Satish G. Thakur (DIN: 00292129)
  • Role: Chairman and Whole-time Director
  • Effective Date: Jun 24, 2026
  • Context: Re-appointed for 3 years as per AGM resolution (AGM held Aug 20, 2026).

  • Change: Re-appointment (MD)

  • Person: Mr. Rishikesh Thakur (DIN: 08777265)
  • Role: Managing Director
  • Effective Date: Sep 24, 2026
  • Context: Re-appointed for 3 years as per AGM resolution (AGM held Aug 20, 2026).

Bikaji Foods International Limited (543653)

  • Change: Re-appointment (Chairman & MD)
  • Person: Mr. Deepak Agarwal (DIN: 00192890)
  • Role: Chairman and Managing Director
  • Effective Date: Feb 1, 2027
  • Context: Re-appointed for 3 years (AGM held Aug 20, 2026).

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

Rane (Madras) Limited (532661)

  • Appointment: Mr. Pawan Kumar Choudhary
  • Role: President – Compo Division (SMP)
  • Effective Date: Aug 20, 2026
  • Context: Appointment approved by Board (circulation resolution); pursuant to Business Transfer Agreement for acquisition of friction business.

Hindustan Composites Limited (509635)

  • Resignation/Stepping down (KMP/MD): Mr. Pawan Kumar Choudhary
  • Role: Managing Director and KMP
  • Effective Date: close of business hours, Aug 20, 2026
  • Context: Resigned/stepped down to facilitate transfer to Rane (Madras) Limited under slump sale of friction business; he continues as Non-Executive Director.

  • Transfer of SMPs (no appointment/cessation stated as “resignation”): SMPs transferred to RML effective Aug 20, 2026

  • Mr. Nakuleshwar Chatterjee – Sr. VP (Sales)
  • Mr. Vimal Kiritkumar Desai – GM (Purchase)
  • Mr. G. M. Indapawar – Sr. VP (Works)
  • Mr. T.N. Venkatramani – VP (R & D)

B.R.Goyal Infrastructure Limited (544335)

  • Appointment: Mr. Pardeep Kumar
  • Role: Business Head – Operations (Technical) (SMP)
  • Effective Date: Aug 20, 2026
  • Context: Appointment as SMP.

SBI Funds Management Limited (544829)

  • Appointment/Designation change: Mr. Rajat Grover
  • Role: Chief People & Sustainability Officer (CPSO) (continues as SMP)
  • Effective Date: Aug 20, 2026
  • Context: Added responsibility of overseeing sustainability.

7NR Retail Limited (540615)

  • Resignation: Mr. Pradeepsingh Shekhawat
  • Role: Chief Financial Officer (CFO)
  • Effective Date: close of business hours, Aug 20, 2026
  • Context: Resignation; stated no other material reasons besides those in resignation letter.

K&R Rail Engineering Limited (514360)

  • Resignation: Mr. Amit Bansal (DIN: 06750775)
  • Role: Whole Time Director and CEO
  • Effective Date: close of business hours, Aug 20, 2026
  • Context: Resignation due to health issues (as stated).
  • Appointment (subject to shareholder approval): Mr. Manoj Kumar Jha (DIN: 11853574)
  • Role: Additional Executive Director and CEO
  • Effective Date: Aug 20, 2028 (as stated in filing)
  • Context: Appointment subject to members’ approval.

Baazar Style Retail Limited (544243)

  • Resignation (Independent Directors): Mrs. Richa Manoj Goyal and Mr. Prashant Singhania
  • Role: Non-Executive Independent Directors (committee roles also ceased)
  • Effective Date: Aug 20, 2026
  • Context: Resignations due to professional commitments/engagements; both confirmed no material reasons other than stated.

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

Dhoot Industrial Finance Limited (526971)

  • Appointment: Ms. Priyanka Munjal Kothari (DIN: 11710369)
  • Role: Non-Executive Independent Director
  • Effective Date: May 20, 2026
  • Context: Term May 20, 2026 to May 19, 2031; appointment approved by members (member approval dated Aug 20, 2026).

Jammu & Kashmir Bank Limited (532209)

  • Resignation: Mr. Ashish Kundra, IAS (DIN: 06966214)
  • Role: Non-Executive Non-Independent Director
  • Effective Date: Aug 20, 2026
  • Context: Resigned due to official engagements.

Times Green Energy (India) Limited (543310)

  • Re-appointment: Mr. Chandaka Janardhanrao (DIN: 07959789)
  • Role: Whole Time Director
  • Effective Date: Aug 25, 2026
  • Context: Re-appointment for 5 years, subject to shareholder approval.

Autoriders International Limited (512277)

  • Re-designation: Mrs. Maneka Vijay Mulchandani (DIN: 00491027)
  • Role: Executive Director (Whole-Time Director category)
  • Effective Date: Aug 20, 2026
  • Context: Re-designation approved for 3 years (liable to retire by rotation).

Ratnaveer Precision Engineering Limited (543978)

  • Appointment: Mrs. Seema Sanghavi (DIN: 11046663)
  • Role: Whole Time Director
  • Effective Date: Aug 20, 2026
  • Context: Appointed for 5 years (to Aug 19, 2031), subject to shareholder approval.

Manipal Health Enterprises Limited (MANIPALHOS / 544847)

  • Re-appointment: Dr. Hebri Sudarshan Ballal (DIN: 01195055)
  • Role: Director (liable to retire by rotation; designated as Non-Executive Chairman)
  • Effective Date: At 16th AGM (re-appointment offered; subject to shareholder approval)
  • Context: Board approved re-appointment for AGM.
  • Re-appointment: Mr. Puneet Bhatia (DIN: 00143973)
  • Role: Director (Non-Executive; liable to retire by rotation)
  • Effective Date: At 16th AGM (subject to shareholder approval)
  • Context: Board approved re-appointment for AGM.

Voith Paper Fabrics India Limited (522122)

  • Cessation: Mr. Krishna Kumar Rajamohannair (DIN: 05344619)
  • Role: Director liable to retire by rotation
  • Effective Date: Aug 19, 2026 (AGM conclusion)
  • Context: Re-appointment resolution not approved by shareholders.

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

Hindustan Composites Limited (509635)

  • Clustered leadership/management movement tied to slump sale:
  • MD/KMP Pawan Kumar Choudhary stepped down effective Aug 20, 2026 to facilitate transfer to Rane (Madras) Limited.
  • Multiple SMPs (Sales/Purchase/Works/R&D) also transferred to RML effective Aug 20, 2026.

Link Pharma Chem Limited (524748)

  • Two top leadership re-appointments in same day’s disclosures:
  • Chairman & WTD (Satish G. Thakur) and MD (Rishikesh Thakur) both re-appointed with overlapping governance timeline (AGM held Aug 20, 2026; effective dates differ).

5. Reappointments / Extensions (Side Notes)

Bikaji Foods International Limited (543653)

  • Re-appointments approved at AGM (Aug 20, 2026):
  • Chairman & MD: Deepak Agarwal (Feb 1, 2027 – Jan 31, 2030)
  • Executive Director: Shweta Agarwal (Feb 1, 2027 – Jan 31, 2030)
  • Independent Directors (second terms): Nikhil Vora, Pulkit Bachhawat, Richa Goyal, Siraj Chaudhry (tenures starting Dec 8, 2026 / Aug 24, 2026 as specified)

Manipal Health Enterprises Limited (544847)

  • Re-appointment of Directors (Dr. Hebri Sudarshan Ballal; Puneet Bhatia) subject to 16th AGM approval.

Times Green Energy (India) Limited (543310)

  • Re-appointment of WTD (Chandaka Janardhanrao) subject to shareholder approval.

Ratnaveer Precision Engineering Limited (543978)

  • Appointment of WTD (Seema Sanghavi) for 5 years (shareholder approval referenced).

Link Pharma Chem Limited (524748)

  • Re-appointments: Chairman & WTD (Satish G. Thakur) and MD (Rishikesh Thakur) for 3-year terms.