ICRA Independent Director Stephen Arthur Long resigns
ICRA (ICRA) said Stephen Arthur Long, Independent Director, has resigned; and Long has resigned. The company is valued at about ₹4,291 crore.
What happened
In a filing with the BSE on 6 November 2026 at 05:33 PM, ICRA (ICRA) said that Stephen Arthur Long, Independent Director, has resigned; and Long has resigned.
From the filing: "Stephen Arthur Long, (DIN: 09595066) has resigned today as Non-Executive and Non-Independent Director of ICRA Limited (inclusive of membership in any and all Committees of the Board) with effective date of January I, 2027."
Company snapshot
ICRA is a small-cap company, with a market value of about ₹4,291 crore.
The stock last traded at ₹4,445.8, against a 52-week range of ₹4,198.2–₹6,547 (32.1% below the high).
Before this filing the shares had moved +3.5% over the month and −13.2% over three months. Average daily turnover over the last 20 sessions was about ₹6.64 crore.
Promoters held 51.87% at the end of Q2 FY27. Foreign institutions owned 8.00% and domestic institutions 20.12%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 137 | 47.8 | 49.68 |
| Q3 FY26 | 164 | 38.8 | 40.34 |
| Q4 FY26 | 175 | 52.5 | 54.5 |
| Q1 FY27 | 163 | 56.2 | 58.36 |
| Q2 FY27 | 178 | 52.2 | 54.2 |
What history shows
BCEIE's records show 1 previous management change filing from the company since May 2026.
Market-wide, 4,295 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 45% 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):
- In this episode of Bond Street, presented by IndiaBonds and CNBC-TV18, K. Ravichandran, Executive Vice President & Chief Ratings Officer at ICRA Ltd, breaks down the fundamentals of credit ratings and
- ICRA Q2 Profit Jumps 9.2% to Rs 52.4 Cr; Revenue Up 30.2%
- ICRA Q2 FY27 Call Scheduled for November 4, 2026
- ICRA Q2 FY2027 slides: 30% revenue growth, R&A expansion drives results By Investing.com
- ICRA Q2 FY27 Revenue Rises 30% as Ratings Expand
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.