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Management Changes

Coforge director resigns over governance and board tensions

September 12, 2026 5 mins read Firehose Gupta

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

0. Critical Alerts (for-cause / governance-ethics signals)

Coforge Limited (BSOFT)
Person / Role: Mr. D K Singh — Non-Executive Independent Director & Chairperson of the NRC
Nature: Resignation (immediate)
Stated Reason (tight summary): Resignation email cites “differences and tension… particularly between the Independent and Executive Directors” and difficulty to “exercise independent judgment” (material reasons stated in resignation email dated Sept 10, 2026).
Why this matters: Resignation is linked to governance/process concerns raised around board evaluation sharing and NRC/board process.


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

Centenial Surgical Suture Ltd. (531380)

  • Change: Resignation (CFO & KMP)
  • Person: Ms. Anuradha Kashikar
  • Role: Chief Financial Officer (CFO) & Key Managerial Personnel
  • Effective Date: August 14, 2026
  • Context: Board accepted resignation.

  • Change: Appointment

  • Person: Ms. Sapna Mhatre
  • Role: Chief Financial Officer (CFO) & Key Managerial Personnel
  • Effective Date: August 14, 2026
  • Context: Appointed by the Board on Aug 14, 2026.

Credo Brands Marketing Limited (MUFTI / 544058)

  • Change: Re-appointment
  • Person: Mr. Kamal Khushlani
  • Role: Chairman & Managing Director (designated as CMD)
  • Effective Date: March 08, 2027
  • Context: Re-appointed for 5 years (to March 07, 2032) on expiry of current term.

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

IIFL Finance Limited (IIFL / 532636)

  • Resignation: Mr. Binay Kumar Mishra — Head – Legal (Senior Management Personnel)
  • Effective Date: September 11, 2026 (close of business hours)
  • Stated Reason: “To explore new opportunities”
  • Resignation: Mr. Vinay Agarwal — Business Head – Loan Against Property (Senior Management Personnel)
  • Effective Date: September 11, 2026 (close of business hours)
  • Stated Reason: “To explore new opportunities”

Technojet Consultants Ltd. (509917)

  • Resignation: Ms. Bhumika Ojha — Company Secretary & Chief Financial Officer (KMP)
  • Effective Date: close of business hours on September 11, 2026
  • Stated Reason: “For better career prospects”
  • Appointment: Mr. Bishal Ghosh — Company Secretary & Compliance Officer (KMP)
  • Effective Date: September 15, 2026

Vishal Mega Mart Limited (VMM / 544307)

  • Resignation: Mr. Manoj Kumar — Chief Operations Officer (COO) (Senior Management Personnel)
  • Effective Date: relieved close of business hours on September 11, 2026
  • Stated Reason: “personal reasons” (as per earlier disclosure)

Birlasoft Limited (BSOFT / 532400)

  • Resignation: Mr. Ankur Vaish — Chief Strategy Officer (Senior Management Personnel)
  • Effective Date: close of business hours on September 19, 2026
  • Stated Reason: “to pursue other opportunities”

Omaxe Limited (OMAXE / 532880)

  • Resignation (noted via resignation letter copy): Mr. Neeraj Arora — Vice President – PMO (Senior Management Personnel)
  • Effective Date: (resignation letter dated 26/08/2026; cessation implied via filing)
  • Stated Reason: “unavoidable personal reasons”

Everest Industries Limited (EVERESTIND / 508906)

  • Resignation: Dr. Trissa Joseph — Vice President – R&D
  • Effective Date: close of working hours on September 30, 2026
  • Stated Reason: “personal reasons”

Eris Lifesciences Limited (ERIS / 540596)

  • Resignation: Mr. Krishnakumar Vaidyanathan — Executive Director & COO
  • Effective Date: close of business hours on September 30, 2026
  • Stated Reason: “to pursue professional opportunities outside the organization”

Oseaspre Consultants Ltd. (509782)

  • Resignation: Mr. Ganesh S. Pardeshi — Company Secretary & Chief Financial Officer (KMP)
  • Effective Date: close of business hours on September 11, 2026
  • Stated Reason: “For better career prospects”
  • Appointment: Mr. Sourabh Kothari — Company Secretary & Compliance Officer (KMP)
  • Effective Date: September 15, 2026

Bank of Maharashtra (MAHABANK / 532525)

  • Appointment (GOI nominee director): Shri Saurabh Kumar — Director (GOI nominee)
  • Effective Date: immediate effect from notification dated September 10, 2026
  • Context: nominated by DFS (GOI) “vice Shri Abhijit Phukon”

Repco Home Finance Limited (—)

  • Cessation (deputation reversed): Mr. Paiyur Kuppuraman Vaidyanathan — Whole-time Director & Chief Development Officer
  • Effective Date: September 16, 2026
  • Stated Reason: “due to certain official exigencies” (no other material reason stated)

Oseaspre / USG Tech / Omaxe / others (director vacancy note)

  • USG Tech Solutions Ltd. (532402):
  • Cessation: Mr. Anshul Gupta — Additional Director (vacated due to non-regularization under Reg 17)
  • Effective Date: September 11, 2026
  • Context: “non-regularization as per Regulation 17… office… stands vacated”

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

Technojet Consultants Ltd. (509917)

  • Appointment: Ms. Kavita Chhajer — Additional Non-Executive Non-Independent Director
  • Effective Date: September 11, 2026
  • Resignation: (No director resignation stated; only CS/CFO resignation noted under executives)

Oseaspre Consultants Ltd. (509782)

  • Appointment: Mr. Kaushik Kantilal Shah — Additional Non-Executive Non-Independent Director
  • Effective Date: September 11, 2026

Deep Health AI India Limited (539559)

  • Resignation: Mr. Rajesh Nandkishore Pherwani — Non-Executive Independent Director
  • Effective Date: close of business hours on September 11, 2026
  • Stated Reason (tight summary): “personal pre-occupation and unavailability to devote sufficient time”

Coforge Limited (BSOFT / 532541)

  • Resignation: Mr. D K Singh — Non-Executive Independent Director & Chairperson of NRC
  • Effective Date: immediate effect
  • Stated Reason: governance/process concerns referenced in resignation email (see Critical Alerts)

  • Appointment/Reconstitution:

  • Interim Chair: Mr. Vivek Sharma to lead global search for additional independent directors and oversee election of new Chair (till Jan 31, 2027)
  • NRC Chair: Ms. Beth Boucher — designated Chairperson of NRC (post reconstitution)

Crizac Limited (CRIZAC / 544439)

  • Re-appointment: Mr. Anuj Saraswat — Independent Director (2nd term)
  • Effective Date: Feb 14, 2027 to Feb 13, 2030
  • Re-appointment: Ms. Payal Bafna — Independent Director (2nd term)
  • Effective Date: Mar 21, 2027 to Mar 20, 2030
  • Appointment: Mr. Christopher Flood Nagle — Non-Executive Non-Independent Director
  • Effective Date: (as per AGM approval; DIN provided)

Compucom Software Limited (COMPUSOFT / 532339)

  • Re-appointment: Mr. Vaibhav Suranaa — Whole Time Director designated as Executive Director
  • Effective Date: August 1, 2026 to July 31, 2029
  • Appointment: Dr. Arvind Kumar Dwivedi — Non-Executive Independent Director (first term)
  • Effective Date: June 15, 2026 to June 14, 2028

Available Finance Limited (531310) / AD-Manum Finance Limited (511359)

  • Available Finance Limited:
  • Confirmation of appointment: Mr. Pramod Kishore Shrivastava — Chairman & Director (Non-Executive)
  • Effective Date: July 24, 2026
  • AD-Manum Finance Limited:
  • Confirmation of appointment: Mr. Pramod Kishore Shrivastava — Chairman & Director (Non-Executive)
  • Effective Date: June 10, 2026

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

Technojet Consultants Ltd. (509917)

  • Clustered changes on same board meeting:
  • Resignation of Bhumika Ojha (CS & CFO) effective Sept 11, 2026
  • Appointment of Bishal Ghosh (CS & Compliance Officer) effective Sept 15, 2026
  • Appointment of Kavita Chhajer as Additional NED (Non-Exec Non-Independent) effective Sept 11, 2026

Coforge Limited (532541)

  • Governance-linked board exit: Independent director & NRC chair resigned immediately, followed by committee reconstitution and interim chair/search leadership.

5. Reappointments / Extensions (side notes)

Credo Brands Marketing Limited (MUFTI / 544058)

  • Re-appointment: Mr. Kamal Khushlani as Chairman & Managing Director for 5 years from March 08, 2027.

Compucom Software Limited (COMPUSOFT / 532339)

  • Re-appointment: Mr. Vaibhav Suranaa as Whole Time Director (Executive Director) for 3 years (Aug 1, 2026–Jul 31, 2029).

Crizac Limited (CRIZAC / 544439)

  • Re-appointments: Independent directors Anuj Saraswat and Payal Bafna for second terms (2027–2030).