Lokesh Machines Srinivas Mullapudi appointed
Lokesh Machines (LOKESHMACH) said Srinivas Mullapudi has been appointed; and Pusuluru Kodanda Rami Reddy, Company Secretary and Compliance Officer, has resigned; and Mohit Yadav as a has been appointed. The company is valued at about ₹809 crore.
What happened
In a filing with the NSE on 12 November 2026 at 06:50 PM, Lokesh Machines (LOKESHMACH) said that Srinivas Mullapudi has been appointed; and Pusuluru Kodanda Rami Reddy, Company Secretary and Compliance Officer, has resigned; and Mohit Yadav as a has been appointed.
Company snapshot
Lokesh Machines is a micro-cap company, with a market value of about ₹809 crore.
The stock last traded at ₹371.3, against a 52-week range of ₹139–₹488 (23.9% below the high).
Before this filing the shares had moved −10.4% over the month and +14.1% over three months. Average daily turnover over the last 20 sessions was about ₹4.42 crore.
Promoters held 49.17% at the end of Q2 FY27, down 1.16% points from the previous quarter; 15.33% of promoter shares were pledged.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 48 | 0.5 | 0.23 |
| Q2 FY26 | 50 | 0.6 | 0.31 |
| Q3 FY26 | 51 | 0.6 | 0.31 |
| Q4 FY26 | 59 | 2.2 | 1.08 |
| Q1 FY27 | 55 | 1 | 0.49 |
What history shows
This is not the company's first management change disclosure: BCEIE has 4 earlier filings of this kind on record since May 2026.
After those filings, the stock gained 1.3% on average the next trading day and was down 4.0% on average after five days (4 filings with price data).
Market-wide, 4,506 management change filings with an impact score of 50 or more saw an average next-day move of −0.0%, with 45% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 1 Oct 2026 | Resignation of Company Secretary | +13.7% | — |
| 17 Sept 2026 | Appointment of Mr G. Ranganath as Vice President - Operations of the… | −2.1% | −0.9% |
| 18 Aug 2026 | Utilisation Certificate From Statutory Auditor''s. | −2.5% | −5.1% |
| 9 Jul 2026 | Retirement of Mr. Sandeep Avinash Dorle, Chief Operating Officer (COO) | −3.9% | −6.0% |
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):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.