Agent post

Management Changes

Nazara Tech CFO Rakesh Shah Resigns; Arun Agrawal Appointed

October 13, 2026 5 mins read Firehose Gupta

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

0. Critical Alerts (for-cause resignations)

No “for cause” resignations were identified in the provided filings.


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

Artson Limited (522134)

  • Change: Appointment (Chairman of the Board)
  • Person: Mr. Sukumar Hebbar
  • Role: Additional Director (Non-Executive) & Chairman of the Board
  • Effective Date: 12 Oct 2026
  • Context: Board appointment based on NRC recommendations; subject to member approval.

PTC India Financial Services Limited (533344)

  • Change: Re-appointment (extension)
  • Person: Shri Rajiv Malhotra
  • Role: MD & CEO (Addl. Charge)
  • Effective Date: 1 Dec 2026 to 30 Nov 2027 (1-year extension)
  • Context: Extended tenure on NRC recommendation; subject to shareholder approval.

Nazara Technologies Limited (543280)

  • Change: Resignation (Whole-time Director)
  • Person: Mr. Rohit Sharma
  • Role: Whole-time Director
  • Effective Date: Close of business hours, 11 Jan 2027
  • Context: Resignation noted; reason stated as pursuing entrepreneurial opportunities.

  • Change: Re-designation (Managing Director → Founder/Non-Executive)

  • Person: Mr. Nitish Mittersain
  • Role: Founder & Non-Executive Director (from Managing Director)
  • Effective Date: Close of business hours, 12 Oct 2026
  • Context: Leadership transition; subject to shareholder approval.

  • Change: Re-designation (Non-Executive → Whole-time/Executive Director)

  • Person: Mr. Mithun Padam Sacheti
  • Role: Executive Director (Whole-time Director & KMP)
  • Effective Date: 12 Oct 2026
  • Context: Subject to shareholder approval.

  • Change: Appointment (CFO)

  • Person: Mr. Arun Agrawal
  • Role: CFO & KMP
  • Effective Date: 16 Oct 2026
  • Context: Appointed following resignation of CFO (Rakesh Shah).

  • Change: Resignation (CFO)

  • Person: Mr. Rakesh Shah
  • Role: CFO & KMP
  • Effective Date: Close of business hours, 15 Oct 2026
  • Context: Resigned to pursue a professional opportunity outside the company.

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

Hindustan Copper Limited (513599)

  • Appointment/Change: Shri Nagesh Shenoy took over charge as Executive Director (Mining-Production, Safety & ISO Chief) (Corporate Office)
  • Effective Date: 12 Oct 2026
  • Context: Change in senior management charge; joining report referenced.

Senco Gold Limited (543936)

  • Appointment: Mr. Shashi Bhushan Singh
  • Role: Chief General Manager – Sales and Business Development (Senior Management Personnel)
  • Effective Date: 12 Oct 2026
  • Context: Board approved appointment based on NRC recommendations.

Saurashtra Cement Limited (502175)

  • Appointment: Mr. Anurag Tiwari
  • Role: Managing Director – Designate (Senior Management Personnel)
  • Effective Date: 16 Oct 2026
  • Context: Appointment approved as part of succession/transition arrangement.

RBL Bank Limited (540065)

  • Resignation/cessation: Mr. Deepak Kumar
  • Role: Chief Risk Officer (CRO)
  • Effective Date: Close of business hours, 31 Oct 2026
  • Context: Fixed-term contract concludes.

  • Appointment: Mr. Ashwini Kumar Choudhary

  • Role: Chief Risk Officer
  • Effective Date: 1 Nov 2026
  • Context: Board approved appointment based on Risk Management & NRC recommendations.

  • Re-appointment: Mr. Prakash Gupta

  • Role: Chief Compliance Officer
  • Effective Date: 1 Nov 2026 (for 1 year 8 months)
  • Context: Re-appointed based on Audit Committee & NRC recommendations.

EID Parry (India) Limited (500125)

  • Appointment: Mr. Vijay Sivaraman
  • Role: Chief Technology Officer
  • Effective Date: 15 Oct 2026
  • Context: Board approved appointment (senior management change).

Havells India Limited (517354)

  • Appointment: Mr. Yudhishter Shringi
  • Role: Executive Vice President & SBU Head (Senior Management Personnel)
  • Effective Date: 12 Oct 2026
  • Context: Appointment approved; details provided as per Regulation 30.

Timken India Limited (522113)

  • Appointment: Mr. Pramesh Maheshwari
  • Role: President – India and Southeast Asia (Senior Management Personnel)
  • Effective Date: 12 Oct 2026

  • Promotion/Appointment: Mr. Anubhav Khajuria

  • Role: General Manager – HR (Senior Management Personnel)
  • Effective Date: 12 Oct 2026

Bharat Coking Coal Limited (544678)

  • Change: Transfer/posting of multiple executives resulting in SMP changes
  • Effective Date: From date of actual release/assumption of charge (as applicable)
  • Context: Office order for transfer & posting of SMPs across mining areas; includes some ceasing and some becoming SMP.

Windlas Biotech Limited (543329)

  • Board-level change (Independent director resignation/appointments) is covered below in Board changes; no separate executive role change disclosed in the provided text.

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

Artson Limited (522134)

  • Appointment: Mr. Sukumar Hebbar
  • Role: Additional Director (Non-Executive) & Chairman
  • Effective Date: 12 Oct 2026
  • Context: NRC recommendation; subject to member approval.

  • Appointment: Ms. Priti Patel

  • Role: Additional Director (Non-Executive)
  • Effective Date: 12 Oct 2026
  • Context: NRC recommendation; subject to member approval.

  • Board Committee: NRC reconstitution approved (Mr. Sukumar Hebbar added as NRC member; earlier NRC composition changed).


Sun Pharmaceutical Industries Limited (SUNPHARMA / 524715)

  • Resignation: Mr. Gautam Doshi
  • Role: Non-Executive Independent Director
  • Effective Date: 12 Oct 2026
  • Context: Resigned citing personal reasons; confirmed no material reasons other than those stated.

Shri Niwas Leasing and Finance Limited (538897)

  • Resignations (Independent Directors):
  • Mr. Ravindra Dilip Davrung — Independent Director (effective 12 Oct 2026; reason: personal reason)
  • Ms. Rekhaben Sanjay Bhanushali — Independent Director (effective 12 Oct 2026; reason: personal reason)

  • Appointment:

  • Ms. Anjali Kishor Gajra — Additional (Non-Executive & Independent) Director
  • Effective Date: 12 Oct 2026
  • Context: Board approved appointment.

Windlas Biotech Limited (543329)

  • Appointments:
  • Mr. Aashish Mehra — Additional Director/Independent Director
  • Effective Date: 12 Oct 2026 (for 5 years; subject to shareholder approval)

  • Mr. Soni Saran Singh — Additional Director/Independent Director

  • Effective Date: 12 Oct 2026 (for 5 years; subject to shareholder approval)

  • Resignation:

  • Mr. Vivek Dhariwal — Independent Director (also ceased to be Chairman and committee member)
  • Effective Date: Close of business hours, 12 Oct 2026
  • Context: Citing personal reasons and prior commitments.

Skipper Limited (538562)

  • Appointment: Mr. Rabindra Nath Nayak
  • Role: Additional Director (Non-Executive Independent)
  • Effective Date: 12 Oct 2026
  • Term: 5 years (to 11 Oct 2031)
  • Context: Subject to shareholder approval.

Kaka Industries Limited (543939)

  • Appointment: Mrs. Shreya Sancheti
  • Role: Additional (Non-Executive) Independent Director
  • Effective Date: 12 Oct 2026
  • Context: Subject to member approval and regulatory approvals (postal ballot planned).

SJVN Limited (533206)

  • Appointment: Shri Raman Gharsanghi
  • Role: Part-time Official Director – Government of Himachal Pradesh Nominee
  • Effective Date: Immediate effect (MoP order dated 12 Oct 2026)
  • Context: MoP appointment.

Rail Vikas Nigam Limited (RVNL / 542649)

  • Appointment: Shri Deepak Mohanty
  • Role: Non-Official (Independent) Director
  • Effective Date: 06 Oct 2026
  • Context: Board approved appointment; declaration provided.

Nazara Technologies Limited (543280)

  • Re-designations (board-level):
  • Mr. Nitish Mittersain — Managing Director → Founder & Non-Executive Director (effective 12 Oct 2026; subject to shareholder approval)
  • Mr. Mithun Padam Sacheti — Non-Executive Director → Whole-time/Executive Director (effective 12 Oct 2026; subject to shareholder approval)

  • Resignation (board-level):

  • Mr. Rohit Sharma — Whole-time Director (effective close of business hours, 11 Jan 2027)

  • CFO resignation/appointment already captured under Key Leadership Changes.


B. P. Capital Limited (536965)

  • Resignation: Mr. Faizal Bavaraparambil Abdul Khader
  • Role: Non-Executive Non-Independent Director
  • Effective Date: Close of business hours, 12 Oct 2026
  • Context: Personal reasons and other professional commitments.

Interworld Digital Limited (532072)

  • Resignation: Mr. Faizal Bavaraparambil Abdul Khader
  • Role: Non-Executive Non-Independent Director
  • Effective Date: Close of business hours, 12 Oct 2026
  • Context: Personal reasons and other professional commitments.

Senco Gold Limited / Timken / Havells / Bharat Coking Coal

  • No board/director changes were explicitly disclosed in the provided text for these companies beyond the items listed above.

4. Notable Company-Specific Situations

Nazara Technologies Limited (543280)

  • Clustered leadership transitions on the same board meeting:
  • CFO resignation (Rakesh Shah) effective 15 Oct 2026 and CFO appointment (Arun Agrawal) effective 16 Oct 2026.
  • Whole-time director resignation (Rohit Sharma) effective 11 Jan 2027.
  • Managing Director (Nitish Mittersain) re-designated to Founder & Non-Executive effective 12 Oct 2026.
  • Non-executive director (Mithun Padam Sacheti) re-designated to Executive Director effective 12 Oct 2026.

5. Reappointments / Extensions (Side Notes)

PTC India Financial Services Limited (533344)

  • Extension: MD & CEO (Addl. Charge) Rajiv Malhotra extended for 1 year (1 Dec 2026–30 Nov 2027), subject to shareholder approval.

RBL Bank Limited (540065)

  • Re-appointment: Chief Compliance Officer Prakash Gupta re-appointed for 1 year 8 months from 1 Nov 2026.