Stories
Major Management Changes Announced Across UltraTech Cement and Nazara Technologies
- •UltraTech Cement shareholders approved the reappointment of Vivek Agarwal as Whole-time Director and Chief Marketing Officer.
- •Nazara Technologies announced major leadership changes with Nitish Mittersain shifting to Founder and Non-Executive Director and Mithun Padam Sacheti joining as Whole-time and Executive Director.
- •GSP Crop Science CFO Pranav Chitre has resigned, with his last working day scheduled for October 30, 2026.
- •Havells India appointed Yudhishtar Shringi as Executive Vice President and SBU Head effective October 12, 2026.
- •Pramesh Maheshwari took over as President-India and Southeast Asia at Timken India effective October 12, 2026.
Key Questions Answered
Nitish Mittersain is stepping down as Managing Director to serve as Founder and Non-Executive Director starting October 12, 2026. Mithun Padam Sacheti has been appointed as Whole-time and Executive Director for a five-year term. Additionally, Whole-time Director Rohit Sharma and CFO Rakesh Shah submitted resignations, with Arun Agarwal slated to take over as CFO on October 16.
The RBL Bank board appointed Ashwini Kumar Chaudhary as the new Chief Risk Officer, effective from November 1, 2026, following the conclusion of Deepak Kumar's fixed-term contract. Furthermore, Prakash Gupta was reappointed as Chief Compliance Officer for a period of one year and eight months starting the same day.
UltraTech Cement shareholders approved the reappointment of Vivek Agarwal as Whole-time Director and Chief Marketing Officer through a postal ballot resolution that received 99.13% of the votes in favor. The resolution was officially deemed passed on October 11, 2026.
