India Management Changes Report

AXISCADES CFO Transition and Vodafone Idea COO Appointment

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

0. Critical Alerts (Resignations “for cause”)

No resignations were reported with a stated reason indicating governance/ethical/mismanagement concerns (e.g., “lack of access to information”, “governance concerns”, “allegations”, etc.).
(Several resignations cited personal commitments/pre-occupation or other non-material reasons.)


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

AXISCADES Technologies Limited (AXISCADES)

  • Change: Appointment (CFO transition)
  • Person: Mr. Uttam Kumar Bhageria
  • Role: Chief Financial Officer (CFO) – Designate
  • Effective Date: October 21, 2026
  • Context: Board approved CFO-designate appointment; current Group CFO Mr. Shashidhar SK to superannuate Dec 31, 2026, after which Mr. Bhageria assumes CFO/KMP Jan 1, 2027.

Dynavision Limited (517238)

  • Change: Resignation (CFO)
  • Person: Mr. Aditya J Krishna
  • Role: Chief Financial Officer (CFO)
  • Effective Date: October 16, 2026 (revised from earlier 31 Oct 2026)
  • Context: Filing states resignation due to personal reasons; effective date revised to 16 Oct 2026.

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

Kfin Technologies Limited (KFINTECH)

  • Appointment: Mr. Srinivas Yadav Karri
  • Role: Group Chief Information Security Officer (Group CISO)
  • Effective Date: October 16, 2026
  • Context: Enhancement of role/designation from Senior Management Personnel to Group CISO.

Arman Financial Services Limited (ARMANFIN)

  • Appointment (subsidiary): Mr. Chandramouli Akkiraju
  • Role: Chief Business Officer (Senior Management Personnel) – Namra Finance Limited (wholly owned subsidiary)
  • Effective Date: October 16, 2026
  • Context: Board of Namra appointed and designated him as SMP.

Vodafone Idea Limited (IDEA)

  • Appointment: Mr. Manoj Murali
  • Role: Chief Operating Officer (COO)
  • Effective Date: October 19, 2026
  • Context: Board approved appointment based on Nomination & Remuneration Committee recommendation.

Torrent Pharmaceuticals Limited (TORNTPHARM)

  • Resignation: Amal Kelshikar
  • Role: Executive Director (designated as Senior Management Personnel)
  • Effective Date: Close of business hours, October 16, 2026
  • Context: Resignation from Executive Director/SMP role (no additional reason stated in filing).

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

IndiaNivesh Limited (501700)

  • Resignation: Mr. Jagdish Prasad Ridhkaran Pareek
  • Role: Non-Executive Independent Director
  • Effective Date: October 16, 2026 (closing of business hours)
  • Context: Resignation letter cites pre-occupation and personal commitments; confirms no material reason other than stated.
  • Appointment: Mr. Sanjay Ramdhari Yadav
  • Role: Additional Non-Executive Independent Director
  • Effective Date: October 16, 2026
  • Context: Appointed for 5 consecutive years.

PTC India Limited (532524)

  • Appointment: Shri Amol Babulal Taori
  • Role: Non-Executive Nominee Director (POWERGRID nominee)
  • Effective Date: October 23, 2026
  • Context: Appointed as nominee director on POWERGRID’s board for PTC India.

Aris International Limited (531677)

  • Appointment: Ms. Hemant Kumar
  • Role: Additional Non-Executive Independent Director
  • Effective Date: October 16, 2026 (to Oct 15, 2031; subject to member approval)
  • Appointment: Mr. Kunal Khaitan
  • Role: Additional Non-Executive Independent Director
  • Effective Date: October 16, 2026 (to Oct 15, 2031; subject to member approval)

NSDL – National Securities Depository Limited (544467)

  • Re-appointment: Mr. Sriram Krishnan
  • Role: Non-Independent Director (NID) on Governing Board
  • Effective Date: September 22, 2026
  • Context: SEBI approval received for re-appointment.

Kizi Apparels Limited (544221)

  • Appointment: Mr. Raj Kumar Nathani
  • Role: Additional Non-Executive Director
  • Effective Date: October 16, 2026 (subject to shareholder approval)
  • Resignation: Mr. Ajay Mishra
  • Role: Non-Executive Non-Independent Director
  • Effective Date: October 13, 2026 (close of business hours)
  • Context: Resignation noted; letter confirms no other material reasons beyond those provided.

Turner Industries Limited (531164) (formerly Laser Diamonds Limited)

  • Appointment: Mr. Sachin Mishra
  • Role: Additional Non-Executive Independent Director
  • Effective Date: October 16, 2026
  • Appointment: Mr. Chandresh Dutt Upadhyay
  • Role: Additional Non-Executive Independent Director
  • Effective Date: October 16, 2026
  • Appointment: Mrs. Mudrika Devi
  • Role: Additional Non-Executive Woman Director
  • Effective Date: October 16, 2026

Aadhar Housing Finance Limited (AADHARHFC)

  • Cessation (death): Mr. Raj Vikash Verma
  • Role: Independent Director & Non-Executive Chairperson
  • Effective Date: October 16, 2026 (upon demise)
  • Context: Company informed of untimely demise.

Tahmar Enterprises Limited (516032)

  • Resignation: Ms. Kanika Kabra
  • Role: Independent Director
  • Effective Date: October 16, 2026
  • Context: Resignation due to preoccupation with other professional commitments.

Goyal Associates Limited (530663)

  • Resignation: Mr. Vuppala Naga Malleswara Rao
  • Role: Non-Executive Non-Independent Director
  • Effective Date: October 16, 2026
  • Context: Resignation due to advancing age and health-related issues; confirms sole reasons.

Bharat Dynamics Limited (BDL)

  • Appointment: Dr. Jagannath Nayak (DIN: 12007022)
  • Role: Part-Time Official Director (Government Director)
  • Effective Date: October 16, 2026
  • Context: Appointment pursuant to Ministry of Defence order.

Garden Reach Shipbuilders & Engineers Limited (GRSE) (542011)

  • Appointment: Shri Dharminder Kumar
  • Role: Part-Time Non-Official Director (Independent Director)
  • Effective Date: October 16, 2026
  • Context: Appointed for 3 years or until further orders (MoD letter basis).

Arman Financial Services / Others

No additional board changes beyond those listed above in the provided filings.


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

Kizi Apparels Limited (544221)

  • Clustered board changes same day:
  • Resignation of Non-Executive Non-Independent Director Ajay Mishra (effective Oct 13) noted in the same set of filings as
  • Appointment of Raj Kumar Nathani as Additional Non-Executive Director (effective Oct 16)
  • Plus committee reconstitution (Stakeholders Relationship Committee and Nomination & Remuneration Committee) effective Oct 16.

5. Reappointments / Extensions (side notes)

NSDL – National Securities Depository Limited (544467)

  • Re-appointment: Mr. Sriram Krishnan as Non-Independent Director (NID) on Governing Board, w.e.f. Sept 22, 2026 (SEBI approval received).

6. Other KMP / Company Secretary changes (not in the “Key Leadership” set)

(Included only because they are KMP-level governance roles, though not requested in the strict CEO/CFO/COO/Chair/MD section.)

CONTAINE Technologies Limited (543606)

  • Resignation: Mrs. Nikitha Sarda
  • Role: Company Secretary & Compliance Officer (KMP)
  • Effective Date: October 16, 2026
  • Context: Resignation due to personal pre-occupations.

Kellton Tech Solutions Limited (KELLTONTECH)

  • Resignation: Mr. Rahul Jain
  • Role: Company Secretary & Compliance Officer
  • Effective Date: October 17, 2026 (end of business hours)
  • Context: New career opportunity.

Williamson Financial Services Limited (519214)

  • Resignation: Mrs. Anushree Biswas Dutt
  • Role: Company Secretary & Compliance Officer
  • Effective Date: October 16, 2026 (close of business hours)
  • Context: Personal reasons.

Sky Gold and Diamonds Limited (SKYGOLD)

  • Internal Auditor change:
  • Cessation: Ms. Aasna Shah (effective Oct 16, 2026)
  • Appointment: M/s Doshi Jain & Co., Chartered Accountants (effective Oct 16, 2026)
  • Context: Ms. Shah resigned due to change in professional responsibilities.

(Additional internal auditor change)

No other internal auditor changes were provided beyond Sky Gold.