Deepak Fertilizers and Petrochemicals Corporation President Rabindra Purohit resigns
Deepak Fertilizers and Petrochemicals Corporation (DEEPAKFERT) said Rabindra Purohit, President, has resigned. The company is valued at about ₹17,048 crore.
What happened
Deepak Fertilizers and Petrochemicals Corporation (DEEPAKFERT) told the exchanges on 28 September 2026 at 06:06 PM that Rabindra Purohit, President, has resigned.
Company snapshot
Deepak Fertilizers and Petrochemicals Corporation is a small-cap company in the Chemicals sector, with a market value of about ₹17,048 crore.
The stock last traded at ₹1,350.5, against a 52-week range of ₹866.4–₹1,681 (19.7% below the high).
Before this filing the shares had moved −6.3% over the month and −12.5% over three months. Average daily turnover over the last 20 sessions was about ₹33.71 crore.
Promoters held 45.63% at the end of Q1 FY27; 5.47% of promoter shares were pledged. Foreign institutions owned 10.02% and domestic institutions 14.69%.
What history shows
BCEIE's records show 6 previous management change filings from the company since May 2026.
After those filings, the stock fell 2.5% on average the next trading day and was down 2.8% on average after five days (3 filings with price data).
Across 66 similar disclosures by other Chemicals companies, shares moved −0.3% on average the next day and +0.4% over five days; 45% of them rose the next day.
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 |
|---|---|---|---|
| 30 Jul 2026 | Change in Management | −4.5% | −4.1% |
| 2 Jul 2026 | Management change | −3.6% | −8.3% |
| 11 Jun 2026 | Appointment of Mr. Rajib Bhattacharjee as President Transformation,… | +0.4% | +4.1% |
Market reaction so far
Since the filing, the stock has fallen 1.0%, from ₹1,363.8 before the disclosure to ₹1,350.5 (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.