India Management Changes Report

Rainbow appoints Group CFO Sudarshan Patodia

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

Critical Alerts (for-cause resignations)

  • None identified in the provided filings. (No resignation “for cause” language such as governance/ethics/mismanagement/lack of information was stated.)

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

Rainbow Children’s Medicare Limited (RAINBOW)

  • Change: Appointment
  • Person: Mr. Sudarshan Patodia
  • Role: Chief Financial Officer (KMP) / Group Chief Financial Officer
  • Effective Date: September 23, 2026
  • Context: Appointed by Board; designated as Group CFO.

Baron Infotech Limited (PURPLETALK)

  • Change: Appointment (new Board post CIRP)
  • Person: Sridhar Muppidi
  • Role: Chairman & Managing Director
  • Effective Date: Appointed with effect from 22 September 2026
  • Context: Newly constituted Board post successful completion of Corporate Insolvency Resolution Process; also took on record NCLT-approved resolution plan and scheme.

Canara Bank (CANBK)

  • Change: Extension of term
  • Person: Shri Bhavendra Kumar
  • Role: Executive Director
  • Effective Date: Term extended beyond current notified term ending 08.10.2026 to 31.10.2027 (or earlier/further orders)
  • Context: Government (Department of Financial Services) notification extending tenure.

Punjab & Sind Bank (PSB)

  • Change: Extension of tenure
  • Person: Sh Ravi Mehra
  • Role: Executive Director
  • Effective Date: Extended beyond term ending 10.2026 (10/08/2026) to 31.12.2026 (or earlier/further orders)
  • Context: Department of Financial Services notification.

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

Bata India Limited (BATAINDIA)

  • Appointment:
  • Mr. Kandarp Asher — Head – Demand Planning (SMP) | Effective: Oct 1, 2026
  • Ms. Harmeet Kaur — Head – Commercial Planning (SMP) | Effective: Oct 1, 2026
  • Ms. Jasleen Kaur — Head – Marketing (SMP) | Effective: Oct 1, 2026
  • Context: “Internal role change” / appointment as SMP.

Mold-Tek Technologies Limited (MOLDTECH-EQ)

  • Resignation: Mr. Prateek Kumar Tiwari — Company Secretary & Compliance Officer (KMP)
  • Effective Date: Close of business hours on September 23, 2026
  • Context: Resignation due to “personal commitments and pursue other career opportunities.”

SRF Limited (SRF)

  • Resignation: Ms. Geeta Shamrao Jadhav — President & CHRO (Senior Management Personnel)
  • Effective Date: Close of business hours on September 23, 2026
  • Context: Resignation due to “personal reasons.”

Borosil Scientific Limited (BOROSCI)

  • Resignation: Mr. Kailash Motwani — Head – Operations (Pune & Goel Scientific Glass Works Ltd; designated as SMP)
  • Effective Date: September 23, 2026
  • Context: Resignation due to “personal reasons” (as stated: “tendered his resignation due to personal reasons”).

3) Board / Director Changes

Hexagon Nutrition Limited (HEXAGON)

  • Re-appointment: Mr. Nikhil Kelkar — Joint Managing Director
  • Effective Date: Re-appointment approved at AGM; (text indicates re-appointment after retirement by rotation; no separate effective date beyond AGM approval)
  • Context: Retired by rotation; eligible; shareholders approved re-appointment.
  • Appointment: Mr. Raghunath Sawant — Executive Director
  • Effective Date: August 12, 2026
  • Context: 5-year term; shareholders approved at AGM.

Signpost India Limited (SIGNPOST)

  • Re-appointment: Mr. Dipankar Chatterjee — Executive Director
  • Effective Date: Effective December 29, 2026 (term: 5 years up to Dec 28, 2031)
  • Context: Re-appointment approved by shareholders at AGM.
  • Appointment: Ms. Meghna Rajadhyaksha — Independent Director
  • Effective Date: August 3, 2026 (term: 3 years to Aug 2, 2029)
  • Context: Independent Director appointment approved at AGM.

Saurashtra Cement Limited (SAURASHCEM)

  • Re-appointment: Mr. Hemang Dhirendra Mehta — Non-Executive, Non-Independent Director
  • Effective Date: AGM approval (liable to retire by rotation; re-appointment approved)
  • Context: Re-appointment approved by shareholders.
  • Re-appointment: Mr. M. S. Gilotra — Managing Director
  • Effective Date: 1 Jan 2027 to 31 Dec 2027
  • Context: Re-appointment approved by shareholders.

Maestros Electronics & Telecommunications Systems Limited (538401)

  • Re-appointment: Mr. Prakash Vithal Page — Independent Director
  • Effective Date: February 05, 2027
  • Context: Second term of 5 years; continuation approved upon attaining age 75.

Regaal Resources Limited (REGAAL)

  • Re-appointment: Mr. Munish Jhajharia — Non-Executive Director
  • Effective Date: AGM approval date (23 Sep 2026)
  • Context: Re-appointment pursuant to retirement by rotation.

Asgard Alcobev Limited (512025)

  • Appointment: Mr. Desai Venkatesh — Additional Director (Non-Executive, Independent)
  • Effective Date: September 23, 2026
  • Context: Board approved appointment; based on N&R committee recommendation.

V.S.T. Tillers Tractors Limited (VSTTILLERS)

  • Appointment: Mrs. Shuba Kumar — Independent Director
  • Effective Date: July 27, 2026 to July 26, 2031
  • Context: Shareholders approved at AGM.

Jindal Hotels Limited (507981)

  • Re-appointment: Ms. Palak Gandhi — Non-Executive, Independent Director
  • Effective Date: 12 July 2027 to 11 July 2032
  • Context: Second consecutive term approved at AGM (held 22 Sep 2026).

Dhanlaxmi Bank Limited (DLXINDIA / as per filing: Dhanlaxmi Bank)

  • Re-appointment: Dr. Jineesh Nath C.K — Non-Executive, Non-Independent Director
  • Effective Date: AGM approval date (23 Sep 2026)
  • Context: Re-appointed liable to retire by rotation.
  • Appointment: Sri. Rajan T.X — Independent Director (not liable to retire by rotation)
  • Effective Date: w.e.f. July 29, 2026 (5 years)
  • Appointment: Sri. T.V. Rao — Independent Director (not liable to retire by rotation)
  • Effective Date: w.e.f. September 01, 2026 (3 years)

Evans Electric Limited (542668)

  • Regularization: Ms. Jeanne Marie Desouza — Director (Non-Executive)
  • Effective Date: Designation change referenced as September 23, 2026; appointment regularized at AGM
  • Context: Regularization of appointment; change in designation from Additional Non-executive Non-Independent to Non-executive Non-Independent liable to retire by rotation.

Simplex Castings Limited (29066 / 513472)

  • Appointment (subject to shareholder approval): Mr. Urlam Jaya Manmadha Rao — Additional Director designated as Non-Executive Independent Director
  • Effective Date: September 23, 2026
  • Context: Board approved; shareholder approval pending.

Baron Infotech Limited (PurpleTalk)

  • Appointments (Additional Directors, effect from 22 Sep 2026):
  • Sreeram Reddy Vanga — Additional Director (Non-Executive Non-Independent)
  • Sridhar Muppidi — Additional Director (Chairman & Managing Director)
  • D Gautam Sawang — Additional Director (Non-Executive Independent)
  • Biyyala Venkata Papa Rao — Additional Director (Non-Executive Independent)
  • Ramachandra Rao Damera — Additional Director (Non-Executive Independent)
  • Cessations (per NCLT order; effective 23 Sep 2026):
  • Bharani Ganapavarapu — Whole-time Director
  • Kamala Kumari Nadimpally — Director
  • Vishnu Vardhan Reddy Billa — Director
  • Pokuri Srinivasa Rao — Director

Maestros / Regaal / others (AGM re-appointments)

  • No other director changes with resignation/removal language were present in the provided set.

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

Baron Infotech Limited (PURPLETALK)

  • High clustering: Multiple director cessations (erstwhile directors) and simultaneous appointments of a full slate of Additional Directors (including Chairman & MD) around the CIRP/NCLT transition (appointments effective 22 Sep 2026; cessations effective 23 Sep 2026).

5) Reappointments / Extensions (side notes)

Hexagon Nutrition Limited (HEXAGON)

  • Re-appointment: Mr. Nikhil Kelkar as Joint Managing Director (approved at AGM).

Signpost India Limited (SIGNPOST)

  • Re-appointment: Mr. Dipankar Chatterjee as Executive Director (term 5 years; effective Dec 29, 2026).

Saurashtra Cement Limited (SAURASHCEM)

  • Re-appointment: Mr. M. S. Gilotra as Managing Director for Jan–Dec 2027.

Canara Bank (CANBK) / Punjab & Sind Bank (PSB)

  • Extensions: Executive Director tenures extended to superannuation/extended dates as per Government notifications.