Daily Management Change Report (BSE filings – last 24 hours)
0. Critical Alerts (for-cause / governance-ethics related)
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)
HEG Limited (BSE: 509631)
- Change: Appointment (MD & CEO elevation)
- Person: Shri Riju Jhunjhunwala (DIN: 00061060)
- Role: Chairman, Managing Director & Chief Executive Officer
- Effective Date: 01-Sep-2026
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Context: Elevated from Vice-Chairman (Non-Executive) to Chairman, MD & CEO; term up to 31-Aug-2031, subject to shareholder approval.
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Change: Relinquishment (from MD & CEO)
- Person: Shri Ravi Jhunjhunwala (DIN: 00060972)
- Role: Chairman, Managing Director & Chief Executive Officer
- Effective Date: 01-Sep-2026
- Context: Relinquishment consequent upon transfer/appointment to HEG Graphite Limited; continues as Non-Executive Non-Independent Director.
Golden Crest Education & Services Limited (BSE: 540062)
- Change: Re-appointment
- Person: Mr. Yogesh Lama (DIN: 07799934)
- Role: Managing Director & Chief Executive Officer
- Effective Date: Approved by shareholders at AGM on 24-Aug-2026 (as per filing)
- Context: Re-appointment of MD & CEO retiring by rotation.
Natura Hue-Chem Limited (BSE: not provided)
- Change: Re-appointment
- Person: Mr. Mansoor Ahmed (DIN: 01398796)
- Role: Managing Director
- Effective Date: 24-Aug-2026
- Context: Re-appointed for 3 years from 24-Aug-2026, subject to shareholder approval.
Saurashtra Cement Limited (BSE: 502175)
- Change: Re-appointment
- Person: Mr. M. S. Gilotra (DIN: 00152190)
- Role: Managing Director
- Effective Date: 01-Jan-2027
- Context: Re-appointed for one year (01-Jan-2027 to 31-Dec-2027), subject to shareholder approval at ensuing AGM.
Recode Studios Limited (BSE: 544755)
- Change: Appointment (COO)
- Person: Mr. Garvit Bansal
- Role: Chief Operating Officer (COO)
- Effective Date: 24-Aug-2026
- Context: Appointed as COO and SMP.
Recode Studios Limited (BSE: 544755)
- Change: Resignation (COO)
- Person: Mr. Rahul Sachdeva
- Role: Chief Operating Officer (COO)
- Effective Date: close of business hours on 24-Aug-2026
- Context: Resignation from COO & SMP.
Mangalam Worldwide Limited (BSE: 544764)
- Change: Resignation (Independent Director; not a key role per your filter)
- Note: No CEO/CFO/COO/Chairman/MD change reported in the provided Mangalam filings.
Pervasive Commodities Limited (BSE: 517172)
- Change: Appointment (CFO)
- Person: Mr. Fagun Chandrakant Soni
- Role: Chief Financial Officer (CFO)
- Effective Date: 24-Aug-2026
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Context: Appointed CFO.
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Change: Resignation (CFO)
- Person: Mr. Dharmeshkumar Zinabhai Dataniya
- Role: Chief Financial Officer (CFO)
- Effective Date: 24-Aug-2026
- Context: Resigned as CFO.
Aayush Art and Bullion Limited (BSE: 540718)
- Change: Appointment (CFO)
- Person: Mr. Belim Rifaqathussain Mehboobbhai
- Role: Chief Financial Officer (CFO)
- Effective Date: 24-Aug-2026
- Context: Appointed CFO.
2. Executive Management Changes (senior executives below CEO/CFO/COO)
Yes Bank Limited (NSE/BSE: YESBANK / 532648)
- Appointment: (Designation change / additional responsibility)
- Person: Mr. Nipun Kaushal
- Role: Chief Strategy and Marketing Officer (continues as SMP)
- Effective Date: 24-Aug-2026
- Context: Re-designated from Chief Marketing Officer & Head CSR to Chief Strategy and Marketing Officer, taking additional responsibility for bank-level strategy.
Infosys Limited (BSE: 500209)
- Appointment: Mitrankur Majumdar
- Role: Segment Head for SURE + Senior Management Personnel
- Effective Date: 24-Aug-2026
- Context: Appointed as Segment Head for Services Utilities Resources and Energy (SURE) and SMP.
HEG Limited (BSE: 509631)
- Appointment: Shri Karunesh Kumar Chaturvedi
- Role: Senior Management Personnel (President – Corporate Affairs)
- Effective Date: 01-Sep-2026
- Appointment: Shri Ranjan Sarkar
- Role: Senior Management Personnel (President – Group CHRO)
- Effective Date: 01-Sep-2026
- Appointment: Ms. Indu Mehta
- Role: Senior Management Personnel (President – Brand Communication, PR & Chief Sustainability Officer)
- Effective Date: 01-Sep-2026
- Appointment: Ms. JyoƟ Gupta
- Role: Senior Management Personnel (Sr. Vice President, Head – Administration)
- Effective Date: 01-Sep-2026
3. Board / Director Changes (Independent/NED/Additional Directors)
Zenith Steel Pipes & Industries Limited (BSE: 531845)
- Resignation/Cessation: Ms. Bhavika Sharma (DIN: 08846865)
- Role: Independent Director
- Effective Date: 24-Aug-2026
- Context: Cessation upon completion of tenure.
- Appointment: Mrs. Aradhana Nayak (DIN: 08536989)
- Role: Additional Director (Non-Executive Independent Director)
- Effective Date: 24-Aug-2026
- Context: Appointment as Additional Independent Director; Independent term 5 years subject to shareholder approval.
Entero Healthcare Solutions Limited (BSE: 544122)
- Resignation/Cessation: Mr. Rajesh Shashikant Dalal (DIN: 03504969)
- Role: Non-Executive Independent Director (also Chairperson of N&R and Stakeholders Relationship; member of Audit)
- Effective Date: close of business hours on 24-Aug-2026
- Context: Completion of tenure.
Eiko LifeSciences Limited (BSE: 540204)
- Resignation/Cessation: Ms. Hasti Doshi (DIN: 10757758)
- Role: Independent Director
- Effective Date: close of business hours on 24-Aug-2026
- Context: Stepped down due to other career commitments.
- Appointment: Mr. Suraj Mahadev Gaikwad (DIN: 11159369)
- Role: Additional Director (Independent, Non-Executive)
- Effective Date: 24-Aug-2026
- Context: Additional Independent Director up to ensuing AGM; then Independent for 5 years subject to shareholder approval.
Stovec Industries Limited (BSE: not provided)
- Resignation: Mr. Garrett Forde (DIN: 09040078)
- Role: Non-Executive Non-Independent Director
- Effective Date: close of business hours on 24-Aug-2026
- Context: Resignation stated as “furtherance to my cessation as Chief Executive Officer of SPGPrints B.V.”
Shashijit Infraprojects Limited (BSE: 540147)
- Appointment: Ms. Asha Shravankumar Khedia (DIN: 11743210)
- Role: Additional Director (Non-Executive Independent)
- Effective Date: 24-Aug-2026
- Context: Term 5 years up to 23-Aug-2031, subject to shareholder approval.
- Appointment: Mr. Santosh Kumar Purohit (DIN: 11894207)
- Role: Additional Director (Non-Executive Independent)
- Effective Date: 24-Aug-2026
- Context: Term 5 years up to 23-Aug-2031, subject to shareholder approval.
Recode Studios Limited (BSE: 544755)
- Appointment: Ms. Shailja (DIN: 11875143)
- Role: Additional Director (Independent)
- Effective Date: 24-Aug-2026
- Context: Board-approved subject to member approval at ensuing general meeting.
- Appointment: Ms. Palak Chugh (DIN: 11875363)
- Role: Additional Director (Independent)
- Effective Date: 24-Aug-2026
- Context: Board-approved subject to member approval at ensuing general meeting.
Pervasive Commodities Limited (BSE: 517172)
- Appointment: Mr. Chandrakant Ramniklal Soni (DIN: 11899795)
- Role: Additional Non-Executive Non-Independent Director
- Effective Date: 24-Aug-2026
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Context: Appointment as Additional Director.
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Resignation (Director): Mrs. Parulben Dharmeshkumar Dataniya (DIN: 09785793)
- Role: Non-Executive Non-Independent Director
- Effective Date: 24-Aug-2026
- Context: “Due to personal reasons.”
HEG Limited (BSE: 509631) (large board reconstitution tied to scheme effectiveness)
- Relinquishment: Shri Ravi Jhunjhunwala (DIN: 00060972)
- Role: continues as Non-Executive Non-Independent Director
- Effective Date: 01-Sep-2026
- Appointment: Shri Riju Jhunjhunwala (DIN: 00061060)
- Role: elevated to Chairman, MD & CEO (also KMP) (covered above)
- Appointments (Additional Directors, subject to shareholder approval):
- Non-Executive Independent Directors (5 years): Manish Sharma, Pushp Jain, Sanjeev Mehra, Ameya Suresh Prabhu, Rajiv Dewan
- Non-Independent Non-Executive Directors (retire by rotation): Om Prakash Ajmera, Yash Kela
- Effective Date: 01-Sep-2026
- Resignations (Independent / Non-Independent) solely to facilitate board reconstitution:
- Independent Directors resigning: Jayant Davar, Priya Shankar Dasgupta, Dr. Nand Gopal Khaitan, Sandip Somany
- Non-Independent Non-Executive Directors resigning: Dr. Kamal Gupta, Shekhar Agarwal
- Effective Date: 01-Sep-2026
- Context: “solely to facilitate the proposed reconstitution of the Board following the effectiveness of the Scheme.”
Fujiyama Power Systems Limited (BSE: 544613; NSE: UTLSOLAR)
- Re-appointment: Mr. Sunil Kumar (DIN: 09824459)
- Role: Director liable to retire by rotation
- Effective Date: 24-Aug-2026
- Context: Re-appointed upon retirement by rotation; subject to member approval at ensuing AGM.
Mangalam Worldwide Limited (BSE: 544764)
- Resignation: Mr. Anilkumar Shyamlal Agrawal (DIN: 00528512)
- Role: Non-Executive Independent Director
- Effective Date: close of business hours on 24-Aug-2026
- Context: Resigned due to health issues.
HEG / other scheme-related director changes
(Already covered under HEG above; no other scheme cluster identified in the remaining filings.)
4. Notable Company-Specific Situations (within-company clustering)
HEG Limited (BSE: 509631)
- High clustering: Multiple simultaneous changes effective 01-Sep-2026 including:
- MD/CEO elevation (Riju Jhunjhunwala) and relinquishment (Ravi Jhunjhunwala)
- CFO/CS changes (CFO and CS transitions)
- Multiple director resignations (Independent and Non-Independent) and multiple additional director appointments
- Stated context: All tied to Composite Scheme of Arrangement becoming effective.
Recode Studios Limited (BSE: 544755)
- COO turnover within same day: COO resignation (Rahul Sachdeva) and COO appointment (Garvit Bansal) both effective 24-Aug-2026.
- Board strengthening same day: Two independent director appointments (Shailja, Palak Chugh) effective 24-Aug-2026.
Pervasive Commodities Limited (BSE: 517172)
- CFO + director changes same day: CFO resignation (Dharmeshkumar Dataniya) and CFO appointment (Fagun Soni) effective 24-Aug-2026, alongside director resignation (Parulben Dataniya) and appointment of an additional director.
5. Reappointments / Extensions (side notes)
- Golden Crest Education & Services Limited: Re-appointment of Yogesh Lama as MD & CEO (shareholder approval at AGM on 24-Aug-2026).
- Natura Hue-Chem Limited: Re-appointment of Mansoor Ahmed as MD for 3 years from 24-Aug-2026 (subject to shareholder approval).
- Saurashtra Cement Limited: Re-appointment of M. S. Gilotra as MD for 01-Jan-2027 to 31-Dec-2027 (subject to shareholder approval).
- Fujiyama Power Systems Limited: Re-appointment of Sunil Kumar as director liable to retire by rotation (24-Aug-2026, subject to AGM approval).