EBIX Devender Kumar Garg appointed
EBIX (EBIX) said Devender Kumar Garg has been appointed. The company is valued at about ₹365 crore.
What happened
In a filing with the BSE on 6 October 2026 at 03:54 PM, EBIX (EBIX) said that Devender Kumar Garg has been appointed.
From the filing: "Devender Kumar Garg (DIN: 02316543), and, in furtherance of continuity and the requisite category - wise composition of the Board, the appointment of (i ) Dr."
Company snapshot
EBIX is a micro-cap company, with a market value of about ₹365 crore.
The stock last traded at ₹17.01, against a 52-week range of ₹16.03–₹22.83 (25.5% below the high).
Before this filing the shares had moved −15.6% over the month. Average daily turnover over the last 20 sessions was about ₹0.06 crore.
Promoters held 42.70% at the end of Q1 FY27. Foreign institutions owned 14.35% and domestic institutions 0.76%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q4 FY25 | 2 | -6 | — |
| Q1 FY26 | 5 | -17.8 | -0.93 |
| Q2 FY26 | 5 | -47.5 | -2.49 |
| Q3 FY26 | 2 | -23.1 | -1.21 |
| Q4 FY26 | -5 | -55.4 | -2.84 |
What history shows
BCEIE has no earlier management change filing from this company on record since May 2026.
Market-wide, 3,866 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.
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.