ION Exchange (India): The change in designation of Mr. Rajesh Sharma from Executive Chairman to Non- Executive Non-Independent…
ION Exchange (India) (IONEXCHANG) filed a disclosure titled "The change in designation of Mr. Rajesh Sharma from Executive Chairman to Non- Executive Non-Independent Chairman of the Company". The company is valued at about ₹4,966 crore.
What happened
ION Exchange (India) (IONEXCHANG) filed a disclosure with the exchanges on 3 November 2026 at 10:11 PM titled "The change in designation of Mr. Rajesh Sharma from Executive Chairman to Non- Executive Non-Independent Chairman of the Company".
Company snapshot
ION Exchange (India) is a small-cap company in the Power sector, with a market value of about ₹4,966 crore.
The stock last traded at ₹338.6, against a 52-week range of ₹312.7–₹486 (30.3% below the high).
Before this filing the shares had moved −15.3% over the month and −18.9% over three months. Average daily turnover over the last 20 sessions was about ₹6.43 crore.
Promoters held 25.43% at the end of Q1 FY27, down 0.09% points from the previous quarter. Foreign institutions owned 4.86% and domestic institutions 15.32%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 583 | 48.7 | 4.11 |
| Q2 FY26 | 734 | 49.5 | 4.18 |
| Q3 FY26 | 734 | 20.3 | 1.71 |
| Q4 FY26 | 863 | 24.1 | 2.04 |
| Q1 FY27 | 700 | 4.1 | 0.35 |
What history shows
BCEIE's records show 1 previous management change filing from the company since May 2026.
Across 78 similar disclosures by other Power companies, shares moved −0.5% on average the next day and −2.2% over five days; 44% of them rose the next day.
Market-wide, 4,237 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.
- 3 November 2026: Board meeting — Financial Results/Other business matters.
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Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.