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Management Changes

Sobha and Quess Corp lead leadership exits and board changes

May 5, 2026 4 mins read Firehose Gupta

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

0. Critical Alerts (for-cause resignations)

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

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

None reported in the provided filings for these specific roles.


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

Alembic Pharmaceuticals Limited

  • Resignation: Mr. Goldee Pardesi — Associate Vice President (Sales & Marketing)
  • Effective: 4 May 2026 (close of business hours)

Banswara Syntex Limited

  • Resignation: Mr. Amit Nandwana — Chief Technology Officer (CTO)
  • Effective: 4 May 2026 (close of business hours)
  • Reason: “personal reason”

Geojit Financial Services Limited

  • Cessation (end of term): Mr. Issac Yohannan — Assistant Vice President (CISO)
  • Effective: 4 May 2026 (close of business hours)
  • Reason: “End of term of the Agreement”

Greaves Cotton Limited

  • Appointment: Mr. Vinay Pawar — Group Chief Technology Officer
  • Effective: 4 May 2026

IRM Energy Limited

  • Resignation: Mr. Budhram Siyag — Chief Manager, GA Head (Banaskantha) (SMP)
  • Effective: 4 May 2026 (close of business hours)
  • Reason: “personal reasons”

LG Balakrishnan & Bros Limited

  • Clarification (delay in disclosure): Mr. Suresh Sivalingam — Vice President, Strategic Business Development (SMP)
  • Resignation effective: 31 Jan 2026 (close of business hours)
  • Reason for delay in disclosure: “inadvertence… unintentionally”

Metro Brands Limited

  • Appointment: Mr. Uttam Kumar — Chief Product Officer (SMP)
  • Effective: 4 May 2026

Popular Vehicles and Services Limited

  • Resignation (notice): Mr. Manoj J. Chethimattam — Head, Supply Chain Management
  • Effective: 3 Aug 2026
  • Reason: “personal reasons”

Relaxo Footwears Limited

  • Appointment: Mr. Vijay Kumar — Vice President, Supply Chain Planning & Logistics (SMP)
  • Effective: 5 May 2026

Sapphire Foods India Limited

  • Appointment (promotion/elevation): Mr. Punit Jhunjhunwala — Sr. Vice President & Deputy CFO (SMP)
  • Effective: 4 May 2026 (close of business hours)
  • Context: promoted from VP & Head—Finance & Accounts

Sobha Limited

  • Resignations (SMPs):
  • Ms. Geetha K. Nair — Chief Design Officer
    • Effective: 4 May 2026 (close of business hours)
    • Reason: “personal reasons”
  • Ms. Shanthi V — Chief Operating Officer
    • Effective: 4 May 2026 (close of business hours)
    • Reason: “better prospects”

Wockhardt Limited

  • Designations identified as SMPs (appointments/designations):
  • Ms. Annapurna Das — President (India Business & Emerging Markets)
    • Effective: 4 May 2026
  • Mr. Om Narayan — Senior Vice President (Biotech Research Centre)
    • Effective: 4 May 2026
  • Mr. Sunil Soni — Senior Vice President (Biotechnology)
    • Effective: 4 May 2026

Zee Media Corporation Limited

  • Resignation: Mr. Pavel Chopra — Chief Human Resource Officer (CHRO) (SMP)
  • Effective: 4 May 2026 (close of business hours)
  • Reason: not stated in the filing (resignation letter referenced)

3. Board / Director Changes

Blue Cloud Softech Solutions Limited

  • Resignation: Mr. Vankineni Krishna Babu — Non-Executive Director
  • Effective: 4 May 2026
  • Reason: “proposed relocation to abroad and newly assigned roles”

Quasar India Limited

  • Appointment: Ms. Reema Magotra — Additional Non-Executive Independent Director
  • Effective: 4 May 2026
  • Resignation (noted): Mrs. Namrata Sharma — Non-Executive Independent Director
  • Effective: 4 May 2026
  • Reason: “personal reason”

Quess Corp Limited

  • Appointment: Mr. Anish Thurthi — Additional Non-Executive, Non-Independent Director
  • Effective: 1 June 2026 (till ensuing 19th AGM)
  • Resignation: Mr. Chandran Ratnaswami — Non-Executive Director
  • Effective: 31 May 2026 (close of business hours)
  • Reason (quote/summary): “advancing age… make space for younger people”

SNL Bearings Limited

  • Re-appointment: Mr. Kaiyomarz Minoo Marfatia — Independent Director (2nd term)
  • Effective: 31 May 2026
  • Term: 5 years (till 30 May 2031)

Kuber Udyog Limited

  • Resignation: Mrs. Richa Dani — Non-Executive Independent Director
  • Effective: 4 May 2026
  • Reason: “personal reasons”

4. Notable Company-Specific Situations

Sobha Limited

  • Multiple SMP resignations on the same date: Ms. Geetha K. Nair (Chief Design Officer) and Ms. Shanthi V (COO) both ceased as SMPs effective 4 May 2026.

Quess Corp Limited

  • Board change clustering: one director appointment (effective 1 June 2026) and one director resignation (effective 31 May 2026) approved in the same board outcome.

LG Balakrishnan & Bros Limited

  • Disclosure compliance issue flagged by BSE: company clarified delay in reporting resignation details (resignation effective 31 Jan 2026, disclosure delay attributed to “inadvertence”).

5. Reappointments / Extensions (side notes)

Manappuram Finance Limited

  • Continuation/extension: Mr. V. P. Nandakumar — Managing Director & Chairperson
  • Till: 30 Sep 2026
  • Redesignation: from 1 Oct 2026 as Non-Executive Director & Non-Executive Chairperson

SNL Bearings Limited

  • Independent director reappointment: Mr. Kaiyomarz Minoo Marfatia
  • From: 31 May 2026 for 5 years

Sobha Limited

  • Re-appointment (future effective date):
  • Mr. Jagadish Nangineni — Managing Director (Whole-time Director)
    • Effective: 1 Apr 2027 (subject to shareholder approval)
  • Mr. Raman Mangalorkar — Non-executive Independent Director
    • Effective: 1 Apr 2027 (subject to shareholder approval)

If you want, I can also provide a one-page tabular view (Company | Change type | Person | Role | Effective date | Reason).