Carraro India Director Sanjay Kumar steps down
Carraro India (NSE: CARRARO) said Sanjay Kumar, Director, has ceased; and Dheeraj Kumar Rai, Director, has been appointed. The company is valued at about ₹3,042 crore.
What happened
Carraro India (NSE: CARRARO) informed the stock exchanges on 28 September 2026 at 03:48 PM that Sanjay Kumar, Director, has ceased; and Dheeraj Kumar Rai, Director, has been appointed.
From the filing: "Sanjay Kumar, Director of Manufacturing and consequent cessation as the Senior Management Personnel (SMP) of the Company , to be effective from the close of business hours on Wednesday, 30 th September, 2026 . b."
Company snapshot
Carraro India is a small-cap company, with a market value of about ₹3,042 crore.
The stock last traded at ₹535, against a 52-week range of ₹416–₹667.6 (19.9% below the high).
Before this filing the shares had moved −1.7% over the month and +0.2% over three months. Average daily turnover over the last 20 sessions was about ₹6.99 crore.
Promoters held 68.77% at the end of Q1 FY27. Foreign institutions owned 2.91% and domestic institutions 16.10%.
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 0.3% on average the next trading day and was down 4.4% on average after five days (2 filings with price data).
Market-wide, 3,828 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 |
|---|---|---|---|
| 19 Jun 2026 | Resignation of Mr. Vijay Raman, Director of Purchase & Supply Chain… | +8.2% | +4.3% |
| 26 May 2026 | Management change | −8.8% | −13.1% |
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):
- Carraro India Ltd Dividend History, Yield & Record Date
- CARRARO INDIA LIMITED Share Price - Live NSE: CARRARO Stock Price & Chart
- Carraro India Names Dheeraj Kumar Rai as Director of Manufacturing
- Carraro India to Meet Analysts and Investors on September 21 at 9 AM
- Carraro India appoints Dheeraj Kumar Rai as Director of Manufacturing
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.