Ganga Forging Hiralal Mahidas Tilva resigns
Ganga Forging (NSE: GANGAFORGE) said Hiralal Mahidas Tilva has resigned. The company is valued at about ₹46.17 crore.
What happened
Ganga Forging (NSE: GANGAFORGE) informed the stock exchanges on 5 November 2026 at 03:39 PM that Hiralal Mahidas Tilva has resigned.
From the filing: "Ganga Forging Limited has informed the Exchange regarding Resignation of Mr Hiralal Mahidas Tilva as Chairman & Managing Director of the company w.e.f."
Company snapshot
Ganga Forging is a micro-cap company, with a market value of about ₹46.17 crore.
The stock last traded at ₹1.37, against a 52-week range of ₹1.34–₹4.1 (66.6% below the high).
Before this filing the shares had moved −7.4% over the month and −23.5% over three months. Average daily turnover over the last 20 sessions was about ₹0.29 crore.
Promoters held 35.51% at the end of Q2 FY27. Foreign institutions owned 12.76% and domestic institutions 0.00%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 8 | -0.3 | -0.02 |
| Q2 FY26 | 8 | -2.9 | -0.22 |
| Q3 FY26 | 9 | 0 | 0 |
| Q4 FY26 | 11 | -0.5 | -0.03 |
| Q1 FY27 | 7 | 1.1 | 0.08 |
What history shows
BCEIE's records show 1 previous management change filing from the company since May 2026.
Market-wide, 4,282 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.