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Management Changes

Managing Directors Reappointed Across Multiple BSE Firms

September 3, 2026 7 mins read Firehose Gupta

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

0. Critical Alerts (Resignation “for cause”)

No “for cause” resignations were found in the provided filings (i.e., no resignation reasons indicating governance/ethical/mismanagement concerns).


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

Chennai Meenakshi Multispeciality Hospital Ltd. (CMMH)

  • Change: Re-appointment
  • Person: Mrs. R. Gomathi (DIN: 02900460)
  • Role: Managing Director (also in capacity of Chairman)
  • Effective Date: 11 Nov 2026 (subject to member approval)
  • Context: Re-appointed for 3 consecutive years (Nov 11, 2026 to Nov 10, 2029); not liable to retire by rotation during tenure.

Capricorn Systems Global Solutions Limited (512169)

  • Change: Appointment (re-appointment)
  • Person: Mr. Manmohan Rao Suddhala (DIN: 00109433)
  • Role: Managing Director
  • Effective Date: 01 Oct 2026
  • Context: Re-appointed for one year (01.10.2026 to 30.09.2027), subject to shareholder approval.

Ekennis Software Service Limited (543475)

  • Change: Re-appointment
  • Person: Mrs. Manisha Sharma (DIN: 08377458)
  • Role: Managing Director
  • Effective Date: 05 Nov 2026
  • Context: Re-appointed for 5 years (to Nov 04/05, 2031 per filing wording), subject to member approval.

Sprayking Limited (540079)

  • Change: Re-appointment (subject to shareholder approval)
  • Person: Mr. Hitesh Pragajibhai Dudhagara (DIN: 00414604)
  • Role: Managing Director (Executive Director designated as MD)
  • Effective Date: 04 Mar 2026 (term stated as 5 years from 04 Mar 2026; subject to shareholder approval)
  • Context: Re-appointed as Executive Director designated as Managing Director.

Baazar Style Retail Limited (STYLEBAAZA / 544243)

  • Change: Re-designation / additional designation
  • Person: Mr. Shreyans Surana (DIN: 02559280)
  • Role: Chairman (while continuing as Managing Director)
  • Effective Date: 02 Sep 2026
  • Context: Additionally designated as Chairman with effect from Sep 2, 2026.

Nexus Surgical and Medicare Limited (538874)

  • Change: Proposed appointment
  • Person: Mr. Anish More (DIN: 11070098)
  • Role: Managing Director (proposed)
  • Effective Date: 02 Sep 2026 (close of business hours)
  • Context: Proposed MD for 3 years (to 01 Sep 2029), subject to member approval.

Invigorated Business Consulting Limited (511716)

  • Change: Appointment (Independent Director) — No CEO/CFO/COO/Chairman/MD change reported in provided text.

Manas Properties Limited (540402)

  • Change: No CEO/CFO/COO/Chairman/MD change reported in provided text. (MD/CEO remains Dev Vijay Thakkar per composition.)

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

Mufin Green Finance Limited (542774)

  • Appointment: Mr. Prakash Pogaku — Chief Compliance Officer (effective 02 Sep 2026)
  • Appointment: Mr. Sumit Garg — Head of Strategy (designated as Senior Management Personnel) (effective 02 Sep 2026)

3. Board / Director Changes (Independent / Non-executive / Additional)

Kwality Pharmaceuticals Limited (539997)

  • Appointment: Mr. Swanith Kapoor (DIN: 11662482) — Non-Executive Independent Director
  • Effective Date: 02 Jun 2026
  • Term: 5 years (to 01 Jun 2031)
  • Re-appointment: Mr. Aditya Arora (DIN: 07320410) — Whole Time Director
  • Effective Date: 30 Sep 2026
  • Term: 5 years (to 29 Sep 2031)

Vedant Fashions Limited (MANYAVAR / 543463)

  • Appointment: Mr. Nihir Parikh (DIN: 03434395) — Additional Director, Non-Executive Independent Director
  • Effective Date: 02 Sep 2026
  • Term: 5 years (subject to shareholder approval)
  • Appointment: Ms. Neetu Kashiramka (DIN: 01741624) — Additional Director, Non-Executive Independent Director
  • Effective Date: 02 Sep 2026
  • Term: 5 years (subject to shareholder approval)
  • Resignation/Cessation: Mr. Tarun Puri (DIN: 02117623) — Independent Director
  • Effective Date: 05 Sep 2026 (closing business hours; completion of tenure)

Chennai Meenakshi Multispeciality Hospital Ltd. (CMMH)

  • Change in designation: Mr. A. F. Simeon Telfer (DIN: 11879121) — Non-Executive Independent → Non-Executive Non-Independent
  • Effective Date: 01 Sep 2026
  • Change in designation: Ms. Sindu Chawla (DIN: 11879201) — Non-Executive Independent → Non-Executive Non-Independent
  • Effective Date: 01 Sep 2026
  • Re-appointment (retiring by rotation): Mr. Edward M. Prabhakar (DIN: 11237027) — Non-Executive Director
  • Context: Recommended for shareholder approval at ensuing AGM (date not specified in text)

Ducon Infratechnologies Limited (DUCON / 534674)

  • Non-re-appointment: Mr. Maruti Deore (DIN: 02780312) — Non-Executive Non-Independent Director
  • Context: Not seeking re-election; casual vacancy not filled
  • Retirement: Mr. Jinesh Shah (DIN: 08847375) — Independent Director
  • Context: Retirement on completion of 5-year tenure (AGM on 28 Sep 2026)
  • Re-appointment: Mr. Prakash Vaghela (DIN: 07768595) — Independent Director
  • Context: Recommended for next 5 years (effective 28 Sep 2026; subject to AGM approval)
  • Appointment: Mr. Anil Bhandari (DIN: 11917123) — Independent Director
  • Context: Recommended for AGM approval (effective 28 Sep 2026)
  • Appointment: Mr. Sandip Sutar (DIN: 08081182) — Independent Director
  • Context: Recommended for AGM approval (effective 28 Sep 2026)

Manas Properties Limited (540402)

  • Appointment (Additional, subject to regularisation): Mr. Tushar R. Momaiyah (DIN: 08742170) — Non-Executive Independent Director
  • Effective Date: 02 Sep 2026
  • Term: 5 years (subject to shareholder approval at ensuing AGM)
  • Resignation: Mr. Shailesh Vora (DIN: 01381931) — Non-Executive Independent Director
  • Effective Date: 02 Sep 2026 (closure of business hours)
  • Stated reason: “pre-occupation with other personal commitments and my inability to devote sufficient time…”

Capricorn Systems Global Solutions Limited (512169)

  • Appointment: Mr. Kondaipally Vamshi Krishna (DIN: 11904619) — Additional Non-Executive Independent Director
  • Effective Date: 02 Sep 2026
  • Term: 5 years (subject to shareholder approval)
  • Appointment: Mr. Nageswara Rao Parimi (DIN: 06430870) — Additional Non-Executive Independent Director
  • Effective Date: 02 Sep 2026
  • Term: 5 years (subject to shareholder approval)
  • Resignations (Independent Directors):
  • Mrs. Lakshmi Gurram (DIN: 07145515) — effective 02 Sep 2026 (close of business hours)
    • Reason stated: personal and professional commitments
  • Kollu Venkata Srinivasa Rao (DIN: 02834578) — effective 02 Sep 2026 (close of business hours)
    • Reason stated: personal and professional commitments

Baazar Style Retail Limited (STYLEBAAZA / 544243)

  • Appointment: Mr. Harish Chander Khurana (DIN: 11473818) — Additional Non-Executive Independent Director
  • Effective Date: 02 Sep 2026
  • Term: 5 years (subject to shareholder approval)
  • Reconstitution: NRC reconstituted (composition updated)
  • Chairman designation: Mr. Shreyans Surana additionally designated as Chairman (while continuing as MD)

Ekennis Software Service Limited (543475)

  • No director changes reported in provided text (only MD re-appointment and auditor re-appointment).

CSB Bank Limited (542867)

  • Cessation (completion of tenure): Mr. Sumit Maheshwari (DIN: 06920646) — Non-Executive Non-Independent Director
  • Effective Date: 02 Sep 2026 (close of office hours)
  • Reason stated: completion of maximum permissible tenure under Banking Regulation Act, 1949

Invigorated Business Consulting Limited (511716)

  • Appointment (shareholder approved): Mr. Gaurav Yadav (DIN: 10505539) — Independent Director
  • Effective Date: 02 Sep 2026
  • Term: 5 years
  • Cessation: Mr. Sumit Raj (DIN: 07171298) — Independent Director
  • Context: completed second term till conclusion of 38th AGM

Manas Properties Limited (540402)

  • Resignation: Mr. Shailesh Vora (DIN: 01381931) — Independent Director (already captured above)

Vinny Overseas Limited (VINNY / 543670)

  • Appointment: Mr. Divyaprakash Jagdishchandra Chechani (DIN: 08921232) — Independent Director
  • Effective Date: 27 Sep 2026
  • Term: 5 years (to 26 Sep 2031; subject to member approval)
  • Appointment: Mr. Parag Kailash Chandrajagetiya (DIN: 08902895) — Independent Director
  • Effective Date: 27 Sep 2026
  • Term: 5 years (to 26 Sep 2031; subject to member approval)
  • Re-appointment (retiring by rotation): Ms. Nishita Shah (DIN: 07197925) — recommended for reappointment (subject to member approval)

Ducon Infratechnologies Limited (534674)

  • Director changes: captured above (multiple Independent director appointments/re-appointments and retirements)

Mufin Green Finance Limited (542774)

  • No director changes reported in provided text (only senior management appointments).

Nexus Surgical and Medicare Limited (538874)

  • Appointment: Mr. Anish More (DIN: 11070098) — Additional Director (Executive)
  • Effective Date: 02 Sep 2026 (close of business hours)
  • Proposed MD: captured above (subject to member approval)

VIVID MERCANTILE LIMITED (542046)

  • No director changes reported (secretarial auditor appointment only).

JK Paper Limited (JKPAPER / 532162)

  • No director changes reported (secretarial auditor appointment only).

Vedant Fashions Limited (MANYAVAR / 543463)

  • Board changes: captured above (two new independents; one independent tenure completion)

Ekennis Software Service Limited (543475)

  • No board changes reported (MD re-appointment only)

Sprayking Limited (540079)

  • No board changes reported (MD re-appointment only)

Capricorn Systems Global Solutions Limited (512169)

  • Board changes: captured above (two new independents; two independent resignations)

Manas Properties Limited (540402)

  • Board changes: captured above (one independent appointment; one independent resignation)

Chennai Meenakshi Multispeciality Hospital Ltd. (CMMH)

  • Board changes: captured above (designation changes; re-appointment recommendation)

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

Capricorn Systems Global Solutions Limited (512169)

  • Cluster: Two independent director resignations (both effective 02 Sep 2026) followed by appointment of two new independent directors effective 02 Sep 2026.

Vedant Fashions Limited (MANYAVAR / 543463)

  • Cluster: Two independent director appointments (effective 02 Sep 2026) alongside cessation of another independent director due to tenure completion (05 Sep 2026).

Baazar Style Retail Limited (STYLEBAAZA / 544243)

  • Cluster: NRC reconstitution plus appointment of an independent director and simultaneous designation of the MD as Chairman (effective 02 Sep 2026).

Manas Properties Limited (540402)

  • Cluster: Independent director resignation (02 Sep 2026) and appointment of a new independent director (02 Sep 2026), with board/committee reconstitution also effective the same date.

5. Reappointments / Extensions (Side Notes)

Kwality Pharmaceuticals Limited (539997)

  • Re-appointment: Mr. Aditya Arora as Whole Time Director (5 years from 30 Sep 2026 to 29 Sep 2031)

Ekennis Software Service Limited (543475)

  • Re-appointment: Mrs. Manisha Sharma as Managing Director (5 years from 05 Nov 2026)
  • Re-appointment: Statutory auditor M/s A Y and Company (second term of 5 years; subject to member approval)

EKENNIS Software Service Limited (543475)

  • Re-appointment: Statutory auditor (captured above)

Sprayking Limited (540079)

  • Re-appointment: Mr. Hitesh Pragajibhai Dudhagara as MD (subject to shareholder approval)

Chennai Meenakshi Multispeciality Hospital Ltd. (CMMH)

  • Re-appointment: Mrs. R. Gomathi as Managing Director (Chairman capacity) for 3 years (from 11 Nov 2026)

Ducon Infratechnologies Limited (534674)

  • Re-appointment: Mr. Prakash Vaghela as Independent Director for next 5 years (subject to AGM approval)

Invigorated Business Consulting Limited (511716)

  • Replacement: Independent director appointment approved in place of outgoing independent director after completion of term

CSB Bank Limited (542867)

  • Cessation: Director tenure completion (not a reappointment)

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