Hindustan Aeronautics CTO P B Rangarao appointed
Hindustan Aeronautics (HAL) said P B Rangarao, CTO, has been appointed. The company is valued at about ₹3.24 lakh crore.
What happened
In a filing with the BSE on 28 October 2026 at 06:02 PM, Hindustan Aeronautics (HAL) said that P B Rangarao, CTO, has been appointed.
From the filing: "On appointment of Shri P B Rangarao as Director (Operations) of the Company, Shri Kota Ravi, Chairman and Managing Director of the Company ceased to hold the additional charge of Director (Operations) with immediate effect. 5."
Company snapshot
Hindustan Aeronautics is a large-cap company in the Capital Goods sector, with a market value of about ₹3.24 lakh crore.
The stock last traded at ₹4,850, against a 52-week range of ₹3,479.1–₹5,149.9 (5.8% below the high).
Before this filing the shares had moved −1.3% over the month and +3.4% over three months. Average daily turnover over the last 20 sessions was about ₹349 crore.
Promoters held 71.64% at the end of Q1 FY27. Foreign institutions owned 9.34% and domestic institutions 11.98%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 4,819 | 1,383.8 | 20.69 |
| Q2 FY26 | 6,629 | 1,669.1 | 24.96 |
| Q3 FY26 | 7,699 | 1,866.7 | 27.91 |
| Q4 FY26 | 13,942 | 4,196 | 62.74 |
| Q1 FY27 | 5,515 | 1,589.7 | 23.77 |
What history shows
This is not the company's first management change disclosure: BCEIE has 9 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 0.8% on average the next trading day and was down 0.6% on average after five days (7 filings with price data).
Across 232 similar disclosures by other Capital Goods companies, shares moved +0.2% on average the next day and +0.6% over five days; 51% of them rose the next day.
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 |
|---|---|---|---|
| 7 Oct 2026 | Outcome of Meeting - Change in Directorate | −1.9% | +3.4% |
| 28 Sept 2026 | Announcement as attached | −5.2% | — |
| 10 Sept 2026 | Change in Director(s) of the company. | −0.9% | −3.0% |
| 8 Sept 2026 | Change in Auditors of the company. | +3.0% | −3.3% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
- 12 November 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
- PESB Recommends Kota Ravi as CMD of Hindustan Aeronautics Limited
- Hindustan Aeronautics Ltd Share Price Today,, HAL Share Price NSE, BSE
- Hindustan Aeronautics Set For Opportunities As French Firm Expands €1.2 Billion Sourcing
- Hindustan Aeronautics, BEL, BDL: What Rubio’s India visit means for defence stocks; key things investors should know
- Analysts lift target to INR 5,672.80 for Hindustan Aeronautics stock
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.