Finolex Cables Independent Director Nikhil Naik retires
Finolex Cables (FINCABLES) said Nikhil Naik, Independent Director, has retired; and Vanessa Singh has been appointed; and Zubin Billimoria has been appointed; and Sriraman Raghuraman has been appointed. The company is valued at about ₹22,181 crore.
What happened
In a filing with the BSE on 1 October 2026 at 11:03 AM, Finolex Cables (FINCABLES) said that Nikhil Naik, Independent Director, has retired; and Vanessa Singh has been appointed; and Zubin Billimoria has been appointed; and Sriraman Raghuraman has been appointed.
From the filing: "The shareholders have approved the following re-appointments by passing Special Resolutions : 1."
Company snapshot
Finolex Cables is a small-cap company in the Capital Goods sector, with a market value of about ₹22,181 crore.
The stock last traded at ₹1,450.3, against a 52-week range of ₹700.8–₹1,498 (3.2% below the high).
Before this filing the shares had moved +16.2% over the month and +31.8% over three months. Average daily turnover over the last 20 sessions was about ₹170 crore.
Promoters held 35.86% at the end of Q1 FY27. Foreign institutions owned 9.65% and domestic institutions 16.70%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 1,396 | 162.6 | 10.63 |
| Q2 FY26 | 1,376 | 162.6 | 10.63 |
| Q3 FY26 | 1,599 | 164 | 10.73 |
| Q4 FY26 | 1,951 | 224.4 | 14.67 |
| Q1 FY27 | 2,013 | 249 | 16.28 |
What history shows
This is not the company's first management change disclosure: BCEIE has 5 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 3.1% on average the next trading day and was up 4.5% on average after five days (3 filings with price data).
Across 210 similar disclosures by other Capital Goods companies, shares moved +0.3% on average the next day and +0.5% over five days; 51% of them rose the next day.
Market-wide, 3,837 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 |
|---|---|---|---|
| 11 Aug 2026 | Management change | +3.4% | +8.8% |
| 12 Jun 2026 | Management change | +3.1% | +14.9% |
| 28 May 2026 | Management change | −15.9% | −10.2% |
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):
- With EPS Growth And More, Finolex Cables (NSE:FINCABLES) Makes An Interesting Case
- Finolex Cables Share Price Today: Market and Fundamentals
- Market Trading Guide: Finolex Cables among 3 stock recommendations for Wednesday
- Finolex Cables FY26 Results: Revenue up 19% to ₹6,321 crore, dividend ₹9
- Finolex Cables, United Spirits, Black Box: Stocks to trade — Key levels, target prices & stop loss
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.