Board Overhaul: Four New Directors Appointed, Two Directors, Two Independent Directors, CFO and CEO Resign
Premier Capital Services announced a full board and management rejig on September 28, 2026.
By ScoutQuest · · 2 min read
- Appointments
- Bhupesh Kothari and Saroj Kumar Choudhury as Non-Executive, Non-Independent Directors; Manas Ranjan Palo and Iranee Tripathy as…
- Term of Independent Directors
- 5 consecutive years from September 28, 2026 to September 27, 2031, subject to shareholder approval
- Resignations
- Manoj Kasliwal and Sharda Kasliwal (Non-Executive Directors), Aman Sanghvi and Neeraj Goenka (Independent Directors), Rajendra Kumar…
- Effective Date
- September 28, 2026
- Trigger
- Share Purchase Agreement dated 14.02.2025 with Acquirers, linked to change in Promoters
What happened
The Board of Premier Capital Services met on September 28, 2026 and approved a near-complete change of its board and senior management. The exits are tied to the Share Purchase Agreement dated 14.02.2025 executed with the Acquirers, in connection with the change in the Promoters of the Company — that is, this is the board transition that typically follows a promoter/ownership change.
New appointments (all effective September 28, 2026)
- Mr. Bhupesh Kothari — Additional Director, Non-Executive & Non-Independent. Commerce graduate with over 25 years of experience in the agro-business sector; also a Director of Hargo Enterprises Limited.
- Mr. Saroj Kumar Choudhury — Additional Director, Non-Executive & Non-Independent. MBA with more than 25 years of professional experience.
- Mr. Manas Ranjan Palo — Additional Director, Independent category. Engineering graduate from OUAT, Bhubaneswar; over 24 years of experience in e-learning and software development in India plus 2 years in the UK.
- Ms. Iranee Tripathy — Additional Director, Independent category. B.A. (2023); currently pursuing the Company Secretary course from ICSI and LL.B. from Madhusudan Law University, Cuttack.
All four hold office up to the next General Meeting. The two Independent Directors have been recommended for a first term of 5 (five) consecutive years from September 28, 2026 to September 27, 2031, subject to approval of members by Special Resolution.
Resignations noted
- Mr. Manoj Sumatikumar Kasliwal — Non-Executive Director, effective closure of working hours on September 28, 2026.
- Mrs. Sharda Manoj Kasliwal — Non-Executive Director, effective closure of working hours on September 28, 2026.
- Mr. Aman Sanghvi — Independent Director; effect as per Section 168(2) of the Companies Act, 2013 and the date in his resignation notice. He confirmed there are no other material reasons beyond those in his letter.
- Mr. Neeraj Goenka — Independent Director; same basis, with a similar confirmation.
- Mr. Rajendra Kumar Mungar — Chief Financial Officer, effective closure of working hours on September 28, 2026.
- Ms. Deepti Dubey — Chief Executive Officer, effective closure of working hours on September 28, 2026.
The Board placed on record its appreciation for each of them. Resignation letters with detailed reasons were enclosed.
How investors may read this
A simultaneous change of directors, the CFO and the CEO is a large governance event. Here the update links it directly to a contractual transition under the Share Purchase Agreement and the change in Promoters, rather than to any dispute. The incoming non-executive directors bring agro-business and general management backgrounds, which some investors may read as a signal about the direction the new promoter group intends for the business. The appointments still need shareholder approval at the forthcoming General Meeting.
Meeting timing
The meeting commenced at 03:00 P.M. and concluded at 04:45 P.M.
Also from Premier Capital Services
Board Overhaul: 4 New Directors Appointed, 4 Directors Plus CFO and CEO Resign After Promoter Change
28 Sep 2026
Board Rejig: 4 New Directors Appointed; 4 Directors, CFO and CEO Resign After Promoter Change
28 Sep 2026
Board overhaul: CEO, CFO and four directors resign; four new directors appointed after promoter change
28 Sep 2026
More numbers
- Independent Directors' first term5 (five) consecutive years
- Bhupesh Kothari - experience in agro-businessover 25 years
- Saroj Kumar Choudhury - professional experiencemore than 25 years
- Manas Ranjan Palo - experience in e-learning/software in Indiaover 24 years
- Manas Ranjan Palo - professional experience in UK2 years
- Directors appointed4
- Directors/KMP resignations noted6
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