Gujarat Mineral Development Corporation Managing Director Ajay Bhadoo appointed
Gujarat Mineral Development Corporation (BSE: GMDCLTD) said Ajay Bhadoo, Managing Director, has been appointed; and Roopwant Singh, Director, has ceased. The company is valued at about ₹16,320 crore.
What happened
Gujarat Mineral Development Corporation (BSE: GMDCLTD) informed the stock exchanges on 29 September 2026 at 07:16 PM that Ajay Bhadoo, Managing Director, has been appointed; and Roopwant Singh, Director, has ceased.
From the filing: "AIS/35.2026/39/Ser.(I) dated 28th September, 2026 issued by the Genera l Administration Department, Government of Gujarat, Shri Ajay Bhadoo, IAS has been appointed as the Managing Director of Gujarat Mineral Development Corporation Limited ("the Company"), vice Shri Roopwant Singh, IAS."
Company snapshot
Gujarat Mineral Development Corporation is a small-cap company in the Metals & Mining sector, with a market value of about ₹16,320 crore.
The stock last traded at ₹513.2, against a 52-week range of ₹466.4–₹771.9 (33.5% below the high).
Before this filing the shares had moved −5.2% over the month and −7.9% over three months. Average daily turnover over the last 20 sessions was about ₹52.23 crore.
Promoters held 74.00% at the end of Q1 FY27. Foreign institutions owned 3.65% and domestic institutions 0.82%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 733 | 163.8 | 5.15 |
| Q2 FY26 | 528 | 465.8 | 14.65 |
| Q3 FY26 | 579 | 133.1 | 4.18 |
| Q4 FY26 | 814 | 194.1 | 6.1 |
| Q1 FY27 | 907 | — | 5.14 |
What history shows
BCEIE has no earlier management change filing from this company on record since May 2026.
Across 66 similar disclosures by other Metals & Mining companies, shares moved +0.2% on average the next day and −1.4% over five days; 55% of them rose the next day.
Market-wide, 3,833 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):
- A BHADOO APPOINTED AS GUJARAT MINERAL DEVELOPMENT CORPORATION MD
- Gujarat Mineral Development Corporation Q2 FY27 Results Preview
- Gujarat Mineral Development Corporation Ltd. Key Financial Ratios – Valuation, Profitability & More
- GMDC NSE:GMDCLTD Trading Window Closure Q2 FY27
- Coal India vs NMDC vs Gujarat Mineral Development Corporation: Co
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.