Bata India Managing Director Gunjan Shah appointed
Bata India (BATAINDIA) said Gunjan Shah, Managing Director, has been appointed; and Shah, CEO, has ceased. The company is valued at about ₹7,953 crore.
What happened
Bata India (BATAINDIA) told the exchanges on 30 September 2026 at 06:42 PM that Gunjan Shah, Managing Director, has been appointed; and Shah, CEO, has ceased.
From the filing: "Reason for change viz. appointment, re-appointment, resignation, removal, death or otherwise Cessation upon completion of tenure. 3."
Company snapshot
Bata India is a small-cap company in the Consumer Durables sector, with a market value of about ₹7,953 crore.
The stock last traded at ₹618.8, against a 52-week range of ₹605–₹1,238 (50.0% below the high).
Before this filing the shares had moved −8.3% over the month and −8.4% over three months. Average daily turnover over the last 20 sessions was about ₹9.85 crore.
Promoters held 50.16% at the end of Q1 FY27. Foreign institutions owned 6.38% and domestic institutions 27.23%.
What history shows
BCEIE's records show 6 previous management change filings from the company since May 2026.
After those filings, the stock gained 1.9% on average the next trading day and was down 1.0% on average after five days (6 filings with price data).
Across 73 similar disclosures by other Consumer Durables companies, shares moved +0.4% on average the next day and +0.8% over five days; 44% of them rose the next day.
Market-wide, 3,833 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 |
|---|---|---|---|
| 23 Sept 2026 | Pursuant to Regulation 30 of the SEBI (Listing Obligations and… | −1.2% | — |
| 21 Sept 2026 | Pursuant to Regulation 30 of the SEBI (Listing Obligations and… | +0.3% | — |
| 9 Sept 2026 | Resignation of Director/KMP/SMP | −1.9% | −3.7% |
| 9 Sept 2026 | Pursuant to Regulation 30 of the SEBI (Listing Obligations and… | −1.6% | −5.0% |
| 12 Aug 2026 | Change in Director(s) of the company. | +5.7% | −0.6% |
Market reaction so far
Since the filing, the stock has fallen 0.9%, from ₹624.7 before the disclosure to ₹618.8 (live price).
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):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.