Automotive Stampings and Assemblies: Change in Management : Withdrawal of Candidature Mr. Prafullkumar Hulsure as IT Head - IT Digital (Please…
Automotive Stampings and Assemblies (ASAL) filed a disclosure titled "Change in Management : Withdrawal of Candidature Mr. Prafullkumar Hulsure as IT Head - IT Digital (Please refer earlier Stock Exchange Disclosure made on 23.10.2026)". The company is…
What happened
Automotive Stampings and Assemblies (ASAL) filed a disclosure with the exchanges on 26 October 2026 at 05:12 PM titled "Change in Management : Withdrawal of Candidature Mr. Prafullkumar Hulsure as IT Head - IT Digital (Please refer earlier Stock Exchange Disclosure made on 23.10.2026)".
Company snapshot
Automotive Stampings and Assemblies is a micro-cap company, with a market value of about ₹633 crore.
The stock last traded at ₹399, against a 52-week range of ₹374.5–₹585 (31.8% below the high).
Before this filing the shares had moved −11.2% over the month and −21.6% over three months. Average daily turnover over the last 20 sessions was about ₹0.48 crore.
Promoters held 75.00% at the end of Q2 FY27. Foreign institutions owned 0.03% and domestic institutions 0.00%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 212 | 4.4 | 2.77 |
| Q3 FY26 | 250 | 7.5 | 4.71 |
| Q4 FY26 | 256 | 13.3 | 8.37 |
| Q1 FY27 | 253 | 4.7 | 2.95 |
| Q2 FY27 | 337 | 10.1 | 6.35 |
What history shows
This is not the company's first management change disclosure: BCEIE has 4 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 2.7% on average the next trading day and was down 4.7% on average after five days (3 filings with price data).
Market-wide, 3,997 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 1 Oct 2026 | Intimation w.r.t Appointment of SMP - Mr. Vinod Chandak as Head -… | −0.2% | −3.9% |
| 17 Sept 2026 | Resignation of Director/KMP/SMP | +1.0% | −1.6% |
| 24 Jul 2026 | Board Comments On Fine Levied By The Stock Exchanges | −8.8% | −8.5% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
- Automotive Stampings And Assemblies Sept-Quarter Profit 100.7 Million Rupees
- Automotive Stampings and Assemblies Reports Q2 Revenue of ₹337 Crore Versus ₹212 Crore YoY
- Automotive Stampings Q2FY27 net profit up 129% YoY to ₹10 crore
- Automotive Stampings and Assemblies Q2 FY27 Results Preview: What Investors Should Watch on 23 October
- Automotive Stampings and Assemblies Limited Achieves Revenue from Operations of Rs 33,669.98 Lakhs in Q2 FY27 as Net Profit More Than Doubles Year-on-Year to Rs 1,006.62 Lakhs
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.