Management Change announcements

Marico Management Change

Marico Limited's Board has approved the appointment of Mr. Girish Paranjpe as an Independent Director for a five-year term starting June 1, 2026. Mr. Paranjpe, a former Joint-CEO of Wipro, brings over 35 years of global IT and business leadership experience. The appointment is subject to shareholder approval via postal ballot.

Execution

5 years

Seshachal Technologies Management Change

Mr. Manish Kumar Jain has resigned as an Independent Director of Seshachal Technologies Limited (BSE: 531794), effective May 4, 2026. The resignation is attributed to personal commitments and pre-occupation. The company confirmed there are no other material reasons for the departure.

Exxaro Tiles Management Change

Exxaro Tiles Limited has re-appointed Mr. Mitesh Koshti as Internal Auditor for the Financial Year 2026-27. Mr. Koshti, a qualified Master of Commerce with over 10 years of experience, will continue managing the internal audit function. The board approved the appointment in its meeting held on May 5, 2026.

Execution

Financial Year 2026-27

Yash Highvoltage Management Change

Mr. Tushar J Lakhmapurkar has resigned as Company Secretary and Compliance Officer of Yash Highvoltage Limited due to personal reasons. He will be relieved from his duties effective May 30, 2026, after business hours. The company confirmed there are no other material reasons for his departure.

Sangam (India) Management Change

Mr. Sudhir Maheshwari has resigned as Non-Executive Independent Director of Sangam (India) Limited effective May 4, 2026, citing personal reasons. Consequently, he ceases to be Chairman of the Stakeholders’ Relationship Committee and a Member of the Audit Committee. He confirmed there are no other material reasons for his departure.

Blue Cloud Softech Solutions Management Change

Mr. Vankineni Krishna Babu has resigned as a Non-Executive Director of Blue Cloud Softech Solutions Ltd, effective May 4, 2026. He cited relocation abroad and newly assigned roles as the reasons for his departure. The company confirmed there are no other material reasons for the resignation.

Archies Management Change

Archies Limited has re-appointed Mr. Varun Moolchandani as Executive Director for a two-year term starting May 5, 2026. The company also appointed Mr. Shailesh Dayal as scrutinizer for an upcoming postal ballot process.

Execution

2 (Two) years with effect from 05.05.2026

Interglobe Aviation Management Change

Mr. Budhram Siyag, Chief Manager GA Head Banaskantha and Senior Management Personnel at IRM Energy Limited, has resigned effective May 4, 2026. The resignation is attributed to personal reasons.

InterGlobe Aviation Management Change

Mr. Vinay Malhotra, Head of Global Sales at InterGlobe Aviation Limited (IndiGo), has resigned to pursue outside opportunities. His resignation was received on May 4, 2026, and will be effective from July 3, 2026. This transition marks a change in the company's senior management team.

Zee Media Corporation Management Change

Mr. Pavel Chopra has resigned as the Chief Human Resource Officer (Senior Management Personnel) of Zee Media Corporation Limited, effective May 4, 2026. The resignation marks a change in the company's senior management leadership.

Veedol Corporation Management Change

Mr. Arijit Basu has resigned as Managing Director of Veedol Corporation Limited to pursue new professional opportunities. His resignation is effective from the close of business on November 3, 2026. Basu has led the company since March 2023.

DiGiSPICE Technologies Management Change

Mr. Rohit Ahuja ceased to hold office as Executive Director of DiGiSPICE Technologies Limited on May 4, 2026, following the completion of his tenure. He chose not to seek re-appointment due to personal exigencies after serving for 10 years. The company has formally filed the resignation with the stock exchanges.

Veedol Corporation Management Change

Mr. Arijit Basu has resigned as Managing Director of Veedol Corporation Limited, effective from the close of business on November 3, 2026. He has served in this role since March 2023. The company is complying with SEBI Regulation 30 disclosures regarding this senior leadership change.

Hindustan Petroleum Corporation Management Change

Hindustan Petroleum Corporation Limited announced the completion of tenure for Mr. Vivekananda Biswal as a Non-Executive Independent Director, effective May 5, 2026. This is a routine board transition following the expiration of the director's term.

National Fertilizers Management Change

National Fertilizers Limited (NFL) announced that Independent Directors Jyoti Bhramar Tubid and Rabi Ranjan Sen ceased to be on the board effective May 5, 2026. Their departures follow the completion of their respective tenures on May 4, 2026. This is a routine board transition resulting from tenure expirations.

National Fertilizers Management Change

National Fertilizers Limited announced the cessation of Shri Jyoti Bhramar Tubid and Shri Rabi Ranjan Sen as Non-Official Independent Directors. Their tenures were completed on May 4, 2026, and they ceased to be on the board effective May 5, 2026.

National Fertilizers Management Change

National Fertilizers Limited (NFL) announced that Non-Official Independent Directors Shri Jyoti Bhramar Tubid and Shri Rabi Ranjan Sen ceased to be directors effective May 5, 2026. Their departure follows the completion of their respective tenures on May 4, 2026, marking a change in the company's board composition.

Hindustan Petroleum Corporation Management Change

Hindustan Petroleum Corporation Limited announced that Shri Vivekananda Biswal has ceased to be an Independent Director effective May 05, 2026. This follows the completion of his tenure on May 04, 2026.

Manappuram Finance Management Change

Manappuram Finance announced a major board overhaul following a change in promoter control. Six independent directors resigned, replaced by six new appointments. Key management changes include Dr. Sumitha Nandan becoming Vice-Chairperson and Mr. Buvanesh Tharashankar taking over as CFO, effective May 5, 2026. This reorganization aligns the leadership with the company's new promoter structure.

Mahindra Holidays & Resorts India Management Change

Mahindra Holidays & Resorts India announced that Mr. Vimal Agarwal will step down as CFO on June 30, 2026, to transition into a new role within the Mahindra Group. Mr. Rajiv Vimal, an experienced finance leader from PPG Asian Paints, has been appointed as the new CFO effective July 1, 2026.

Quess Corp Management Change

Quess Corp Limited announced a leadership transition where Mr. Anish Thurthi is appointed as an Additional Non-Executive Director effective June 1, 2026. Simultaneously, Mr. Chandran Ratnaswami resigned from the board effective May 31, 2026, to facilitate a transition to younger leadership.

Gretex Industries Management Change

Gretex Industries Limited has appointed Ms. Priyanka K. Marvania as a Non-Executive Independent Director for a 5-year term effective May 4, 2026. A qualified Company Secretary, she brings experience in SEBI compliance and regulatory filings.

Execution

60 months

IIFL Capital Services Management Change

IIFL Capital Services Limited has re-appointed M/s. A N S A & Associates LLP as the Internal Auditor of the company. The appointment, approved during the board meeting on May 4, 2026, is for a tenure of 12 months effective immediately.

Execution

12 months

Sapphire Foods India Management Change

Sapphire Foods India Limited has appointed Mr. Punit Jhunjhunwala as Sr. Vice President and Deputy CFO, effective May 4, 2026. A qualified CA and CS with 17 years of experience, he previously served as VP and Head of Finance & Accounts. This internal elevation strengthens the company's senior finance leadership team.

IRM Energy Management Change

Mr. Budhram Siyag has resigned as Chief Manager - GA Head (Banaskantha) and Senior Management Personnel of IRM Energy Limited effective May 04, 2026. The resignation is due to personal reasons. The company has notified both BSE and NSE regarding this change in senior management.

Sapphire Foods India Management Change

Sapphire Foods India Limited has promoted Mr. Punit Jhunjhunwala to Sr. Vice President and Deputy CFO, effective May 4, 2026. A seasoned professional with 17 years of experience, he previously served as VP and Head of Finance & Accounts. He will continue reporting to the Executive Director & CFO, Mr. Vijay Jain.

Blue Cloud Softech Solutions Management Change

Mr. Vankineni Krishna Babu has resigned as a Non-Executive Director of Blue Cloud Softech Solutions Ltd, effective May 4, 2026. He cited relocation abroad and new professional roles as the reasons for his departure. The company confirmed there are no other material reasons for his resignation.

IIFL Capital Services Management Change

IIFL Capital Services Limited has re-appointed M/s. A N S A & Associates LLP as Internal Auditors for the financial year 2026-27. The firm brings nearly four decades of experience in governance, risk, and compliance. The board meeting concluded at 7:00 p.m. on May 4, 2026.

Execution

Financial year 2026–27

Banswara Syntex Management Change

Banswara Syntex Limited announced the resignation of Ms. Amit Nandwana from the position of Chief Technology Officer, effective May 4, 2026. The departure is classified as a cessation of senior management personnel.

Zee Media Corporation Management Change

Zee Media Corporation Limited announced the resignation of Mr. Pavel Chopra, Chief Human Resource Officer, effective May 4, 2026. This departure relates to the Senior Management Personnel category as per SEBI regulations.