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Management Changes

Baba Arts reshuffles board and CFO after open offer

October 10, 2026 4 mins read Firehose Gupta

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

0. Critical Alerts (for-cause resignations)

  • None identified in the provided filings.
    (All resignations cited “change in management/control”, “other professional commitments”, or “personal reasons” without governance/ethical allegations.)

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

Baba Arts Limited (BABA)

  • Change: Resignation
  • Person: Nikhil G. Tanwani
  • Role: Chairman & Managing Director (MD)
  • Effective Date: Close of business hours, 9 Oct 2026
  • Context: Resignation “consequent upon the Change of Management and Control… pursuant to completion of Open Offer” (Skybridge Interactive LLP).
  • Change: Resignation
  • Person: Ajay D. Acharya
  • Role: Chief Financial Officer (CFO)
  • Effective Date: Close of business hours, 9 Oct 2026
  • Context: Resignation “consequent upon the change in management and control… pursuant to completion of Open Offer”.
  • Change: Appointment
  • Person: Vidya Pishe
  • Role: Managing Director (MD)
  • Effective Date: 9 Oct 2026
  • Context: Appointed for 5 years (to 8 Oct 2031), subject to member approval.
  • Change: Appointment
  • Person: Chandresh Dutt Upadhyay
  • Role: Chairman of the Board (Independent Director)
  • Effective Date: 9 Oct 2026
  • Context: Elected Chairperson “in place of Mr. Nikhil G. Tanwani”.

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

Baba Arts Limited (BABA)

  • Resignation: (KMP) Ajay D. Acharya — CFO & KMP (effective close of business hours, 9 Oct 2026)
  • Context: Open Offer/change in management.

Cohance Lifesciences Limited (COHANCE)

  • Appointment: Abhimanyu Ojha — Chief Financial Officer & KMP
  • Effective Date: 12 Oct 2026

Shree Salasar Investments Limited (503635)

  • Resignation: Dashmeet Kaur — Company Secretary & Compliance Officer & KMP
  • Effective Date: Close of business hours, 9 Oct 2026
  • Context: “to pursue other professional opportunities”.

Mayur Uniquoters Limited (MAYURUNIQ / 522249)

  • Resignation: Ashutosh Pandey — General Manager (Marketing) (SMP)
  • Effective Date: Close of business hours, 9 Oct 2026
  • Context: “due to personal reason and pursue other career opportunities”.

PCBL Chemical Limited (PCBL / 506590)

  • Resignation: Gautam Kalia — Chief – International Markets (Rubber) (Senior Management)
  • Effective Date: Close of business hours, 9 Oct 2026
  • Context: “to pursue an aspiration outside the organisation”.

E.I.D. Parry (India) Limited (EIDPARRV / 500125)

  • Resignation: Chandrasekar V R — Sr. AVP & Chief Information Officer (CIO)
  • Effective Date: Close of business hours, 31 Dec 2026
  • Context: “owing to personal pre-commitments”.

MOIL Limited (MOIL / 533289)

  • Change (re-designation): Atul Sharma — General Manager (Mechanical) re-designated as HoD Mechanical
  • Effective Date: 09 Oct 2026
  • Change (re-designation): Rajiv Atrey — General Manager (Mechanical) re-designated as HoD Mechanical
  • Effective Date: 09 Oct 2026

General Insurance Corporation of India (GICRE / 540755)

  • Appointment: Prerana Puthran — Chief Risk Officer (KMP)
  • Effective Date: 9 Oct 2026
  • Context: “in place of Ms. Jayashri Balkrishna, Executive Director”.

Federal-Mogul Goetze (India) Limited (FMGOETZE / 505744)

  • Appointment: Irfan Ali — Company Secretary & Compliance Officer (designated as KMP)
  • Effective Date: 9 Oct 2026
  • Resignation (Board-level, but also a senior role): Jason Wesley Johnson — Non-Executive Director
  • Effective Date: Close of business hours, 9 Oct 2026
  • Context: “owing to… professional commitments” (as stated in resignation letter).

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

Baba Arts Limited (BABA)

  • Appointment: Eknath Bade — Non-Independent Non-Executive Director
  • Effective Date: 9 Oct 2026
  • Appointment: Hardeep Darshan Singh Sangha — Executive Non-Independent Director
  • Effective Date: 9 Oct 2026
  • Appointment: Neeru Saini — Independent Director
  • Effective Date: 9 Oct 2026 (term up to 8 Oct 2031, subject to member approval)
  • Appointment: Chandresh Dutt Upadhyay — Independent Director (also elected Chairperson)
  • Effective Date: 9 Oct 2026 (term up to 8 Oct 2031, subject to member approval)
  • Appointment: Vidya Pishe — Additional Director (then appointed MD)
  • Effective Date: 9 Oct 2026
  • Resignation: Malavika A. Acharya — Non-Independent Non-Executive Director
  • Effective Date: Close of business hours, 9 Oct 2026
  • Resignation: Hemraj Chheda — Independent Director
  • Effective Date: Close of business hours, 9 Oct 2026
  • Resignation: Shekhar Mennon — Independent Director
  • Effective Date: Close of business hours, 9 Oct 2026

EPL Limited (EPL / 500135)

  • Resignation: Amit Dixit — Non-Executive, Non-Independent Director
  • Effective Date: Close of business hours, 9 Oct 2026
  • Context: “due to other professional commitments”.
  • Resignation: Dhaval Jitendra Buch — Non-Executive, Non-Independent Director
  • Effective Date: Close of business hours, 9 Oct 2026
  • Context: “due to other professional commitments”.
  • Resignation: Animesh Agrawal — Non-Executive, Non-Independent Director
  • Effective Date: Close of business hours, 9 Oct 2026
  • Context: “due to other professional commitments”.

Innovision Limited (INNOVISION / 544732)

  • Resignation: Pawan Kumar — Independent Director
  • Effective Date: 5 Oct 2026
  • Context: “due to other professional commitments and personal reasons”.

Balmer Lawrie Investments Limited (532485)

  • Appointment: Sipra Goon — Additional Non-Executive Director (Independent)
  • Effective Date: 9 Oct 2026 (up to next General Meeting; subject to shareholder approval)

Chemplast Sanmar Limited (CHEMPLASTS / 543336)

  • Appointment: Prashanth Vasu — Non-Executive & Non-Independent Director
  • Effective Date: 9 Oct 2026
  • Context: casual vacancy due to resignation of V S Radhakrishnan.

PNB Gilts Limited (PNBGILTS / 532366)

  • Appointment: Amit Kumar Srivastava — Director (Non-Executive & Non-Independent) and Chairman
  • Effective Date: 9 Oct 2026 (upon RBI approval receipt)
  • Context: shareholder approval already obtained (AGM 28.09.2026).

Federal-Mogul Goetze (India) Limited (FMGOETZE / 505744)

  • Appointment: Sachin Duggal — Additional Director (Non-Executive Non-Independent)
  • Effective Date: 9 Oct 2026 (subject to member approval)
  • Resignation: Jason Wesley Johnson — Non-Executive Director
  • Effective Date: Close of business hours, 9 Oct 2026

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

Baba Arts Limited (BABA)

  • High clustering: Simultaneous/near-simultaneous exits across Chairman/MD, CFO, multiple Independent/NED directors and appointments of a full new board/MD/Chair on 9 Oct 2026.
  • Stated driver: “Change in management and control… pursuant to completion of Open Offer” (Skybridge Interactive LLP).

5. Reappointments / Extensions (side notes)

  • None explicitly stated for CEO/CFO/COO/Chairman/MD reappointments in the provided filings (appointments are new, or terms are specified for newly appointed directors/MD).