India Management Changes Report

IIFL CTO Resigns, Replaced Effective 1 Oct 2026

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.


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

NDA Securities Limited (BSE: NDASEC)

  • Change: Resignation
  • Person: Mr. Ankit Gupta
  • Role: Chief Executive Officer (CEO)
  • Effective Date: 01-Oct-2026
  • Context: Resignation reason stated as “pre-existing professional engagements along with personal commitments” (and “no other reason for the resignation”).

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

CSM Technologies Limited (BSE: CSM)

  • Appointment: (Designation change) Mr. Mrutyunjaya Panda — Chief Strategy Officer (CSO) (from Chief Operating Officer (COO))
  • Effective Date: 01-Oct-2026
  • Context: Role realignment to “align his role with his expanded responsibilities” (strategic planning, growth, cross-functional leadership, etc.).
  • Appointment: (Remuneration change) Mr. Ashwini Kumar — Vice President & Zonal Head (North)
  • Effective Date: 01-Oct-2026
  • Context: Remuneration increased from ₹78,00,000 p.a. to ₹1,01,00,004 p.a. for performance/contribution alignment.

CG Power and Industrial Solutions Limited (BSE: CGPOWER)

  • Resignation: Mr. Ajay Jain — Vice President (Transformer Business / Power Transformers)
  • Effective Date: Close of business hours, 30-Sep-2026
  • Context: Resignation “due to personal reasons.”

IIFL Finance Limited (BSE: IIFL)

  • Appointment: Mr. Anubhav Rajput — Chief Technology Officer (CTO)
  • Effective Date: 01-Oct-2026
  • Context: Appointment “consequent to the resignation of Mr. Gaurav Sharma.”
  • Resignation: Mr. Gaurav Sharma — Chief Technology Officer (CTO)
  • Effective Date: 30-Sep-2026 (close of business hours)
  • Context: “To explore new opportunities.”

3. Board / Director Changes

Sammaan Capital Limited (BSE: SAMMAANCAP)

  • Appointment: Mr. P. S. Negi — LIC Nominee Director (Non-Executive)
  • Effective Date: 30-Sep-2026
  • Context: Appointed based on LIC nomination (replacement of prior nominee).
  • Resignation/Cessation: Mr. Rajiv Gupta — LIC Nominee Director (Non-Executive)
  • Effective Date: 30-Sep-2026 (from close of business hours)
  • Context: “Cessation on account of withdrawal of nomination by LIC.”

Jindal Worldwide Limited (BSE: JINDWORLD)

  • Appointment: Mr. Omprakash Ugamraj Bhandari — Additional Director, Non-Executive Independent
  • Effective Date: 30-Sep-2026
  • Context: First term of 2 years, subject to member approval.
  • Appointment: Mrs. Bhavi Shreyans Shah — Additional Director, Non-Executive Independent
  • Effective Date: 30-Sep-2026
  • Context: First term of 2 years, subject to member approval.

Integrated Proteins Limited (BSE: INTEGRPRO)

  • Appointment: Mr. Sandeep Mahadik — Non-Executive Independent Director
  • Effective Date / Term: 09-Jul-2026 to 08-Jul-2031 (5 years)
  • Context: Appointment approved at AGM; not liable to retire by rotation.

Cupid Breweries and Distilleries Limited (BSE: CUPIDBREW)

  • Resignation/Cessation: Mr. Rohit Shetty — Non-Executive Independent Director
  • Effective Date: Close of business hours, 30-Sep-2026
  • Context: “Cessation due to completion of tenure.”

Wardwizard Foods and Beverages Limited (BSE: WARDWIZFBL)

  • Re-appointment/Continuation: Mr. Sanjay Mahadev Gupte — Non-Executive Director (continued beyond age 75)
  • Effective Date: Approved at AGM on 28-Sep-2026 (continuation beyond 75)
  • Context: Special resolution for continuation beyond age 75 under Regulation 17(1A).

Bhagawati Gas Limited (BSE: BHAGAWATI)

  • Re-appointment: Mr. Rakesh Samrat Bhardwaj — Director (retires by rotation; re-appointed)
  • Effective Date: 30-Sep-2026 (AGM approval)
  • Context: Re-appointment at AGM.
  • Appointment: Mr. Mazhar Hassan — Non-Executive Independent Director
  • Effective Date: Mentioned as appointment effective from 01-Oct-2026 (as per annexure)
  • Context: Independent director appointment approved at AGM.

Wherrelz IT Solutions Limited (BSE: WITS)

  • Re-appointment: Mrs. Sumanlata Dhareshwar — Non-Executive Director (liable to retire by rotation)
  • Effective Date: 30-Sep-2026 (AGM re-appointment)
  • Context: Re-appointed as director liable to retire by rotation.

Zelio E-Mobility Limited (BSE: ZELIO)

  • Re-appointment: Mr. Kunal Arya — Managing Director
  • Effective Date: 30-Sep-2026 (AGM approval; continues pursuant to existing MD appointment from Feb 11, 2025)
  • Context: Re-appointed as MD who retires by rotation and is eligible.

Viram Suvarn Limited (Formerly Veeram Securities Limited) (BSE: 540252)

  • Re-appointment: Mr. Mahendra Ramniklal Shah — Managing Director
  • Effective Date: 10-Aug-2026 to 09-Aug-2031
  • Context: Re-appointed for a further 5-year term (AGM approval).
  • Re-appointment: Mr. Sanjay Chunilal Vibhakar — Independent Director
  • Effective Date / Term: up to 20-Jun-2031 (second term of 5 years)
  • Context: Re-appointed as Independent Director (AGM approval).

CSM Technologies Limited (BSE: CSM)

  • Appointment (status change): Mr. Priyadarshi Pany — Director status changed to liable to retire by rotation
  • Effective Date: 29-Sep-2026 (immediate effect)
  • Context: Change in status approved by members at AGM.

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

  • IIFL Finance Limited (IIFL): CTO transition in the same disclosure set—Gaurav Sharma resigned effective 30-Sep-2026, and Anubhav Rajput appointed effective 01-Oct-2026.
  • CSM Technologies Limited (CSM): Senior management change via COO → CSO designation shift effective 01-Oct-2026, alongside remuneration increase for another senior executive effective the same date.

5. Reappointments / Extensions (side notes)

  • Zelio E-Mobility Limited (ZELIO): MD Kunal Arya re-appointed (AGM approval; continues as MD).
  • Viram Suvarn Limited (540252): MD Mahendra Ramniklal Shah re-appointed for 5 years (10-Aug-2026 to 09-Aug-2031).
  • Wardwizard Foods and Beverages Limited (WARDWIZFBL): Non-Executive Director Sanjay Mahadev Gupte continuation beyond age 75 approved via special resolution.
  • Bhagawati Gas Limited (BHAGAWATI): Director Rakesh Samrat Bhardwaj re-appointed; Independent director Mazhar Hassan appointed (effective 01-Oct-2026 as per annexure).