Aastha Spintex Executive Director Jashwant Valjibhai Patel passes away
Aastha Spintex (AASTHA) said Jashwant Valjibhai Patel, Executive Director, has passed away. The company is valued at about ₹110 crore.
What happened
Aastha Spintex (AASTHA) told the exchanges on 7 November 2026 at 05:17 PM that Jashwant Valjibhai Patel, Executive Director, has passed away.
From the filing: "Aastha Spintex Limited has informed the Exchange regarding Demise of Mrs Jashwant Valjibhai Patel, Executive Director of the company on November 06, 2026."
Company snapshot
Aastha Spintex is a micro-cap company, with a market value of about ₹110 crore.
The stock last traded at ₹24.91, against a 52-week range of ₹21.3–₹70 (64.4% below the high).
Before this filing the shares had moved −17.3% over the month and −33.2% over three months. Average daily turnover over the last 20 sessions was about ₹0.7 crore.
Promoters held 53.21% at the end of Q2 FY27. Foreign institutions owned 3.51% and domestic institutions 2.38%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q4 FY26 | 129 | 6.8 | 3.32 |
| Q1 FY27 | 77 | 3.1 | 0.98 |
What history shows
This is not the company's first management change disclosure: BCEIE has 11 earlier filings of this kind on record since May 2026.
After those filings, the stock gained 15.3% on average the next trading day and was up 6.8% on average after five days (11 filings with price data).
Market-wide, 4,314 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 45% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 16 Sept 2026 | Change in Management | +2.6% | +8.7% |
| 26 Aug 2026 | Change in Director(s) of the company. | −0.9% | −0.4% |
| 26 Aug 2026 | Resignation of Director/KMP/SMP | −0.9% | −0.4% |
| 26 Aug 2026 | Resignation of Director/KMP/SMP | +21.0% | +8.4% |
| 25 Aug 2026 | Resignation of Director/KMP/SMP | +21.0% | +8.4% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
- 7 November 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.