Electrotherm (India) Managing Director Shailesh Bhandari appointed
Electrotherm (India) (NSE: ELECTHERM) said Shailesh Bhandari, Managing Director, has been appointed. The company is valued at about ₹775 crore.
What happened
Electrotherm (India) (NSE: ELECTHERM) informed the stock exchanges on 4 November 2026 at 06:26 PM that Shailesh Bhandari, Managing Director, has been appointed.
Company snapshot
Electrotherm (India) is a micro-cap company, with a market value of about ₹775 crore.
The stock last traded at ₹607.9, against a 52-week range of ₹551–₹1,277 (52.4% below the high).
Before this filing the shares had moved −20.1% over the month and −41.0% over three months. Average daily turnover over the last 20 sessions was about ₹1.01 crore.
Promoters held 29.87% at the end of Q1 FY27, down 0.03% points from the previous quarter; 7.88% of promoter shares were pledged. Foreign institutions owned 9.28% and domestic institutions 0.78%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 834 | 27.8 | 21.78 |
| Q2 FY26 | 814 | -21.6 | -16.97 |
| Q3 FY26 | 904 | -35.4 | -27.8 |
| Q4 FY26 | 1,140 | 13.6 | 10.7 |
| Q1 FY27 | 913 | 6.9 | 5.44 |
What history shows
BCEIE's records show 4 previous management change filings from the company since May 2026.
After those filings, the stock fell 1.0% on average the next trading day and was down 3.4% on average after five days (4 filings with price data).
Market-wide, 4,237 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 |
|---|---|---|---|
| 26 Aug 2026 | Management change | −1.5% | −4.7% |
| 26 Aug 2026 | Management change | −1.5% | −4.7% |
| 20 Jul 2026 | Management change | −0.4% | −2.1% |
| 20 Jul 2026 | Management change | −0.4% | −2.1% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
- 4 November 2026: Board meeting — Financial Results.
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.