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Management Changes

CFO Resignation at Orient Cement; Key Reappointments Announced

September 20, 2026 4 mins read Firehose Gupta

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

0. Critical Alerts (Highest Priority)

No resignations “for cause” (as per provided text) were identified in the filings.


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

Utkarsh Small Finance Bank Limited (UTKARSHBNK)

  • Change: Appointment
  • Person: Mr. Manmohan Shetty
  • Role: Chief Financial Officer (CFO) & Key Managerial Personnel (KMP)
  • Effective Date: 19 September 2026
  • Context: Board approved appointment based on recommendations of Audit Committee and Nomination & Remuneration Committee.

Gopal Snacks Limited (GOPAL)

  • Change: Re-appointment
  • Person: Mr. Bipinbhai Vithalbhai Hadvani
  • Role: Chairman & Managing Director (CMD)
  • Effective Date: 01 October 2026 (term to 30 September 2031)
  • Context: Re-appointment approved as his current tenure concluded on 30 September 2026.

Vishal Mega Mart Limited (VMM)

  • Change: Re-appointment / Re-designation
  • Person: Mr. Gunender Kapur
  • Role: Founder, Managing Director & Chief Executive Officer (FMD & CEO)
  • Effective Date: 01 September 2026 (term to 31 August 2031)
  • Context: AGM approved re-appointment and re-designation.

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

Orient Cement Limited (ORIENTCEM)

  • Resignation: Ms. Kajal Saxena — Chief Financial Officer (CFO)
  • Effective Date: 18 September 2026 (cessation after closure of business hours)

Rana Sugars Limited (RANASUG)

  • Resignation: Mr. Indrajeet Kushwaha — General Manager (Senior Management Personnel)
  • Effective Date: 18 September 2026

Karnataka Bank Limited (KTKBANK)

  • Appointment/Change (promotion): Multiple senior officials promoted from Assistant General Manager to Deputy General Manager
  • Effective Date: 19 September 2026
  • Mr. Akshayaraj Ramakrishna Rao
  • Mr. Adiga Praveen Chakrapani
  • Mr. Danish
  • Mr. Krishna Prasad K J
  • Mr. Jayaprakash Udupa H
  • Mr. Vishwanath S R

3. Board / Director Changes

CRP Risk Management Limited (534563)

  • Resignation: Mrs. Kinjal Darshit Parkhiya — Independent Director
  • Effective Date: 19 September 2026
  • Context: Resignation due to “non-receipt of payment/ Fees for consecutively three meetings.”

Venlon Enterprises Limited (524038)

  • Resignation: Mr. Mysuru Devaraju Dhanush — Independent Director
  • Effective Date: 19 September 2026
  • Context: Registration with IDDB expiring + other commitments; stated no other material reason.

Pasari Spinning Mills Limited (521080)

  • Re-appointment: Mr. Byadarahally Lakshmaiah Pundareeka — Non-executive Independent Director
  • Effective Date: 20 September 2026 to 19 September 2031 (second term)

P N Gadgil Jewellers Limited (PNGJL) (544256)

  • Re-appointment: Dr. Vaijayanti Pandit — Independent Director
  • Effective Date: 14 March 2027 to 13 March 2029 (second term; not liable to retire by rotation)

Gujarat Industries Power Company Limited (GIPCL) (517300)

  • Resignation/Cessation: Shri Narendra Nath Misra — Independent Director
  • Effective Date: 19 September 2026
  • Context: Completed maximum tenure (second term of five years).

Suvidha Infraestate Corporation Limited (531640)

  • Appointment (conversion): Mr. Abhijeet Ashokkumar Goswami — Non-Executive Non-Independent Director
  • Effective Date: 01 November 2025 (as per AGM approval; appointment conversion)
  • Context: AGM approved appointment of a director who was earlier Additional Director (Non-Executive Non-Independent).

DAPS Advertising Limited (543651)

  • Change in designation (Director category): Ms. Srishti Chaturvedi — Non-Executive Director → Executive Director
  • Effective Date: 01 April 2026
  • Context: AGM approved change in designation.

J&K Bank Limited (J&KBANK) (532209)

  • No director change reported in the provided filing; disclosure relates to Statutory Central Auditors (C&AG appointment).

Saraswati Saree Depot Limited (SSDL) (544230)

  • No director change reported as a resignation/cessation; filing confirms shareholder approval of previously proposed appointments:
  • Statutory Auditor appointment (PPC & Co)
  • Independent Additional Directors (Mr. Amar Thorat; Mr. Yatiraj Marda) — approved by shareholders at AGM (18 Sept 2026)

Paul Merchants Limited (539113)

  • No director change reported as appointment/resignation; filing confirms re-appointment of Mr. Ritesh Vaid as Director and Designated Whole Time Director (approved at AGM).

4. Notable Company-Specific Situations

CRP Risk Management Limited (534563)

  • Independent director resignation tied to non-receipt of fees/payment for three consecutive meetings (explicit reason provided).

Gujarat Industries Power Company Limited (GIPCL) (517300)

  • Independent director cessation due to completion of maximum tenure (second term of five years) on 19 September 2026, alongside a separate board appointment of an additional director on the same date (see below).

5. Reappointments / Extensions (Side Notes)

P N Gadgil Jewellers Limited (PNGJL) (544256)

  • Independent Director re-appointment: Dr. Vaijayanti Pandit for 2 years (14 Mar 2027–13 Mar 2029), not liable to retire by rotation.

Pasari Spinning Mills Limited (521080)

  • Independent director re-appointment: Mr. Byadarahally Lakshmaiah Pundareeka for 5 years (20 Sep 2026–19 Sep 2031).

Gopal Snacks Limited (GOPAL)

  • CMD re-appointment: Mr. Bipinbhai Vithalbhai Hadvani for 5 years (01 Oct 2026–30 Sep 2031).

Vishal Mega Mart Limited (VMM)

  • FMD & CEO re-appointment/re-designation: Mr. Gunender Kapur for 5 years (01 Sep 2026–31 Aug 2031).

Additional (Not in leadership/board categories requested, but notable)

Jammu & Kashmir Bank Limited (J&KBANK) (532209)

  • Statutory Central Auditors (C&AG appointment): New auditors appointed for FY 2026–27; two firms ceased as statutory central auditors (as per filing).

Karnataka Bank Limited (KTKBANK)

  • Senior management promotions (AGM → DGM) effective 19 Sep 2026 (already captured above).

If you want, I can also provide a one-line “top changes only” version for quick internal scanning.