Chennai Petroleum Corporation Inderjeet as Non steps down
Chennai Petroleum Corporation (CHENNPETRO) said Inderjeet as Non has ceased. The company is valued at about ₹21,470 crore.
What happened
In a filing with the NSE on 6 November 2026 at 11:19 PM, Chennai Petroleum Corporation (CHENNPETRO) said that Inderjeet as Non has ceased.
From the filing: "Chennai Petroleum Corporation Limited has informed the Exchange regarding Cessation of Mr Inderjeet as Non- Executive Director of the company w.e.f."
Company snapshot
Chennai Petroleum Corporation is a small-cap company in the Oil Gas & Consumable Fuels sector, with a market value of about ₹21,470 crore.
The stock last traded at ₹1,441.8, against a 52-week range of ₹765.5–₹1,677.5 (14.1% below the high).
Before this filing the shares had moved +11.8% over the month and +21.3% over three months. Average daily turnover over the last 20 sessions was about ₹526 crore.
Promoters held 67.29% at the end of Q2 FY27. Foreign institutions owned 15.79% and domestic institutions 1.18%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 20,034 | 719.2 | 48.3 |
| Q3 FY26 | 19,438 | 1,001.6 | 67.26 |
| Q4 FY26 | 20,455 | 1,421.9 | 95.48 |
| Q1 FY27 | 29,359 | 1,031.4 | 69.26 |
| Q2 FY27 | 22,055 | 2,247 | 152.53 |
What history shows
This is not the company's first management change disclosure: BCEIE has 6 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 2.9% on average the next trading day and was down 2.0% on average after five days (5 filings with price data).
Across 69 similar disclosures by other Oil Gas & Consumable Fuels companies, shares moved +0.0% on average the next day and −0.1% over five days; 54% of them rose the next day.
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 |
|---|---|---|---|
| 7 Oct 2026 | Appointment of Mr RITESH KUMAR GOLCHHA as Independent Director of… | −7.7% | — |
| 7 Oct 2026 | Appointment of Shri Ritesh Kumar Golchha (DIN: 02195963) as… | −7.7% | — |
| 1 Jul 2026 | Management change | −1.9% | −4.0% |
| 30 Jun 2026 | Cessation of Mr P SHANKAR as Company Secretary & Compliance Officer… | −1.9% | −4.0% |
| 26 Jun 2026 | Appointment of Company Secretary and Compliance Officer | +4.7% | +2.1% |
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):
- Chennai Petroleum Corporation Limited (CHENNPETRO.NS) Stock Price, News, Quote & History
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Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.