GUJARAT ENERGY Executive Director B N Patel IAS steps down
GUJARAT ENERGY (GUJENERGY) said B N Patel IAS, Executive Director, has ceased. The company is valued at about ₹19,909 crore.
What happened
GUJARAT ENERGY (GUJENERGY) told the exchanges on 28 October 2026 at 04:55 PM that B N Patel IAS, Executive Director, has ceased.
From the filing: "GUJARAT ENERGY LIMITED has informed the Exchange regarding Cessation of Mr B N Patel IAS as Executive Director (not a Board Member) of the company w.e.f."
Company snapshot
GUJARAT ENERGY is a small-cap company, with a market value of about ₹19,909 crore.
The stock last traded at ₹212.2, against a 52-week range of ₹211.2–₹443.8 (52.2% below the high).
Before this filing the shares had moved −9.9% over the month and −22.1% over three months. Average daily turnover over the last 20 sessions was about ₹33.35 crore.
Promoters held 38.94% at the end of Q1 FY27. Foreign institutions owned 10.85% and domestic institutions 24.23%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 4,065 | 327.6 | 4.76 |
| Q2 FY26 | 3,979 | 279.8 | 4.06 |
| Q3 FY26 | 3,865 | 266.8 | 3.88 |
| Q4 FY26 | 6,002 | 351.2 | 3.75 |
| Q1 FY27 | 9,771 | 999.2 | 10.67 |
What history shows
BCEIE's records show 3 previous management change filings from the company since May 2026.
After those filings, the stock fell 0.6% on average the next trading day and was down 1.4% on average after five days (3 filings with price data).
Market-wide, 4,004 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 |
|---|---|---|---|
| 10 Sept 2026 | Appointment of Ms Dhirubhai Shah & Co. LLP (WR0141) as Statutory… | −5.2% | −4.0% |
| 29 Aug 2026 | Management change | −0.2% | +2.8% |
| 11 Aug 2026 | Management change | +3.6% | −3.0% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
- 5 November 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
- Gujarat Energy, GSPL Transmission pay record ₹384.67 cr dividend to state govt
- Gujarat Energy Minister urges industries to reduce power use: Asks them to save electricity for 5 hours in ...
- Gujarat Energy and GSPL Transmission Pay Record ₹384.67 Crore Dividend to Gujarat Government
- GUJARAT ENERGY LIMITED (GUJENERGY.NS) Q1 24/25 earnings call transcript
- Gujarat Energy Dividend Surge After State Restructuring
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.