Management Change

Gland Pharma Management Change

Gland Pharma Limited has re-appointed Ms. Naina Lal Kidwai as a Non-Executive Independent Director for a five-year term effective May 17, 2026. A Padma Shri recipient and former HSBC India Chairman, her extensive leadership experience across finance and industry continues to strengthen the company's board governance.

Execution

5 years

Nanavati Ventures Management Change

Nanavati Ventures Limited appointed Mr. Ankitkumar Kiritkumar Shah as an Additional Director effective April 09, 2026. Simultaneously, Ms. Vaishnavi Mihir Patel resigned from her position as Director. These changes in the Board of Directors follow recommendations from the Nomination & Remuneration Committee.

IFB Industries Management Change

IFB Industries Limited has appointed Mr. Sandeep Joseph Abraham as Managing Director for a five-year term effective April 9, 2026. Additionally, Mr. Manoj Kumar Vijay was appointed as a Non-Executive Independent Director for two years. These leadership changes bring extensive industrial experience in business management and finance to the company's board.

Execution

5 years

IFB Industries Management Change

IFB Industries Limited appointed Mr. Manoj Kumar Vijay as an Independent Director for two years and Mr. Sandeep Joseph Abraham as Managing Director & CEO for five years, effective April 9, 2026. Mr. Abraham brings 30+ years of experience from MRF and other major firms. These appointments are subject to shareholder approval.

Execution

2 years for Mr. Vijay; 5 years for Mr. Abraham

Container Corporation of India Management Change

Container Corporation of India Limited (CONCOR) has appointed Shri Rahul Agarwal as a Nominee Director effective March 19, 2026. Shri Agarwal is a 1992 batch IRTS officer currently serving with the Ministry of Railways. The appointment follows regulatory guidelines for board composition.

Electro Force (India) Management Change

Ms. Priyanka Yadav has resigned as an Independent Director of Electro Force (India) Limited effective April 3, 2026, citing personal reasons. She also stepped down from various board committees. The company confirmed there are no other material reasons for her departure.

Container Corporation of India Management Change

Container Corporation of India Ltd (CONCOR) appointed Shri Rahul Agarwal as a Part-Time Government Director, effective March 19, 2026. Agarwal, a 1992 batch IRTS officer, replaces Shri Prabhas Dansana. This appointment, directed by the Ministry of Railways, aligns the board with senior railway leadership to oversee freight policy and planning.

Execution

Till he holds the post of PED TT(M), Railway Board or further orders

Ikoma Technologies Management Change

Ikoma Technologies Ltd announced the resignations of CFO Rahul Anandrao Bhargav and three Independent Directors: Arvind Tiwari, Archana Chirawawala, and Sanjeev Seth. The directors cited concerns over governance transparency, statutory compliance, and inadequate information flow as reasons for their departures. The company has submitted their resignation letters following a query from the BSE.

Chemplast Sanmar Management Change

Chemplast Sanmar Limited announced the resignation of Mr. Sumit Maheshwari, a Non-Executive Non-Independent Director, effective April 9, 2026. His departure follows a recalibration of his professional commitments. The company has formalised this change in compliance with SEBI Listing Regulations.

iStreet Network Management Change

Mr. Bhargeshwar Banerji has resigned from his position as an Independent Director at iStreet Network Limited, effective March 07, 2026. The resignation is attributed to personal commitments, and the director confirmed there are no other material reasons for his departure.

Asahi Songwon Colors Management Change

Asahi Songwon Colors Limited has announced the resignation of Mr. Pratik Shah as the Chief Financial Officer (CFO). The resignation is effective from April 9, 2026. The company is now in the process of identifying a successor for the key managerial role.

Asahi Songwon Colors Management Change

Mr. Pratik Shah has resigned as Chief Financial Officer of Asahi Songwon Colors Ltd with immediate effect from April 09, 2026, citing personal reasons. The company confirmed there are no other material reasons for his departure. The resignation will be noted by the Board at its next meeting.

Heranba Industries Management Change

Mr. Mahesh Kenjale has resigned from his position as General Manager - Works (Senior Management Personnel) at Heranba Industries Limited to pursue better opportunities. His resignation is effective from the close of business hours on April 30, 2026.

Heranba Industries Management Change

Heranba Industries Limited announced the resignation of Mr. Mahesh Kinjale. His resignation is effective from April 30, 2026. The company disclosed this transition via an exchange filing under the Change in Management domain.

Rana Sugars Management Change

Rana Sugars Limited has appointed Satwant Singh to its leadership team effective April 10, 2026. The appointment is for a fixed term of five years. This management change is part of the company's regular corporate governance updates.

Execution

5 years

Max India Management Change

Max India Limited has appointed Ms. Mrinalini Mirchandani as a Non-Executive Independent Director for a five-year term effective April 15, 2026. A former Senior Partner at McKinsey & Company, she brings extensive experience in private equity and healthcare leadership. This strategic appointment strengthens the board's professional expertise and corporate governance.

Execution

5 years

GIC Housing Finance Management Change

GIC Housing Finance Ltd. has appointed Ms. Paba Koshy as Senior Vice President and Head of Operations Department, effective April 09, 2026. A Chartered Accountant with 23 years of experience, she joins on deputation from United India Insurance Co. Ltd. This senior leadership addition aims to strengthen the company's operational management.

GIC Housing Finance Management Change

GIC Housing Finance Ltd has appointed Ms. Paba Koshy as Senior Vice President and Head of Operations, effective April 09, 2026. A Chartered Accountant with 23 years of experience, she joins on deputation from United India Insurance Co. Ltd.

Execution

April 09, 2026 onwards

Artemis Electricals and Projects Management Change

Ms. Priyanka Yadav has resigned as an Independent Director of Artemis Electricals and Projects Limited effective April 03, 2026, citing personal reasons. She also stepped down from various board committees. The company confirmed there are no other material reasons for her departure.

Max India Management Change

Max India Limited has appointed Ms. Mrinalini Mirchandani as an Independent Director for a five-year term starting April 15, 2026. A former Senior Partner at McKinsey & Company, she brings extensive expertise in private equity and healthcare. The appointment is subject to shareholder approval.

Execution

5 years

Empower India Management Change

Mr. Rajgopalan Iyengar has resigned as Managing Director and CFO of Empower India Limited, effective April 8, 2026. The resignation is attributed to medical reasons. The Board accepted the resignation in its meeting held on April 9, 2026.

Advanced Enzyme Technologies Management Change

Mr. Dipak Roda has resigned as Senior Vice President - Marketing and Business Development at Advanced Enzyme Technologies Limited, effective April 09, 2026. He is leaving to pursue new opportunities outside the company. He also resigned as Non-Executive Director of the subsidiary, Advanced Enzytech Solutions Limited.

Garuda Construction and Engineering Management Change

Ms. Priyanka Yadav resigned as an Independent Director of Garuda Construction and Engineering Limited effective April 3, 2026, citing personal reasons. She confirmed there are no other material reasons for her departure. The company has updated the stock exchanges accordingly.

Awfis Space Solutions Management Change

Mr. Arjun Shanker Bhartia has resigned as a Non-Executive Non-Independent Director of Awfis Space Solutions Limited, effective April 09, 2026. The resignation is attributed to other professional commitments. No other material reasons were cited for his departure.

Heranba Industries Management Change

Mr. Manoj Kenjale has resigned from his position as General Manager - Works (Senior Management Personnel) at Heranba Industries Limited. His resignation is effective from the close of business hours on April 30, 2026. He is leaving the company to pursue better opportunities.

Pratiksha Chemicals Management Change

Pratiksha Chemicals Limited announced the resignation of its Secretarial Auditor, M/s. A. SHAH & ASSOCIATES, effective February 2, 2026. The resignation was attributed to personal reasons and other professional commitments. The company delayed the disclosure while attempting to retain his services given the criticality of the role.

Sai Capital Management Change

Mr. Sachin Chauhan has resigned as Company Secretary of Butterfly Ayurveda Private Limited, a material subsidiary of Sai Capital Limited, effective April 09, 2026. The resignation, tendered to pursue better career opportunities, will be placed before the subsidiary's Board of Directors at their upcoming meeting for formal consideration.

Sarveshwar Foods Management Change

Sarveshwar Foods Limited has appointed Ms. Meghna as Chief Financial Officer, effective April 9, 2026. A Chartered Accountant and former Deloitte Deputy Manager, she brings over six years of experience in forensic investigations and risk advisory. This leadership addition strengthens the company's financial governance and compliance framework.

Sarveshwar Foods Management Change

Sarveshwar Foods Limited appointed Ms. Meghna as Group Chief Financial Officer and Key Managerial Personnel, effective April 9, 2026. A Chartered Accountant with over six years of experience at Deloitte and EY, she specializes in forensic investigations and risk advisory. This leadership addition aims to strengthen the company's financial governance and compliance frameworks.

Bank of India Management Change

Bank of India has reorganized its senior management by assigning additional charges to Shri Satendra Singh and Shri Ashutosh Mishra. Effective April 7, 2026, the appointments carry terms of six and nine months, respectively. This leadership adjustment aims to optimize executive responsibilities within the bank's administrative structure.

Execution

6-9 months