Maithan Alloys Palghat Krishnan Venkatramani steps down
Maithan Alloys (NSE: MAITHANALL) said Palghat Krishnan Venkatramani has ceased. The company is valued at about ₹2,452 crore.
What happened
Maithan Alloys (NSE: MAITHANALL) informed the stock exchanges on 10 November 2026 at 11:29 AM that Palghat Krishnan Venkatramani has ceased.
From the filing: "Maithan Alloys Limited has informed the Exchange regarding Cessation of Mr Palghat Krishnan Venkatramani as Non- Executive Independent Director of the company w.e.f."
Company snapshot
Maithan Alloys is a small-cap company, with a market value of about ₹2,452 crore.
The stock last traded at ₹842.2, against a 52-week range of ₹759.9–₹1,210.1 (30.4% below the high).
Before this filing the shares had moved −5.1% over the month and −13.8% over three months. Average daily turnover over the last 20 sessions was about ₹2.88 crore.
Promoters held 74.96% at the end of Q2 FY27. Foreign institutions owned 0.70% and domestic institutions 0.00%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 491 | -121 | -41.55 |
| Q3 FY26 | 490 | 88.9 | 30.55 |
| Q4 FY26 | 559 | -70.4 | -24.21 |
| Q1 FY27 | 540 | 393 | 135.01 |
| Q2 FY27 | 557 | 81.1 | 27.85 |
What history shows
This is not the company's first management change disclosure: BCEIE has 3 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 5.7% on average the next trading day and was down 9.7% on average after five days (2 filings with price data).
Market-wide, 4,434 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 |
|---|---|---|---|
| 20 Jun 2026 | Resignation of Director/KMP/SMP | −5.7% | −9.7% |
| 20 Jun 2026 | Cessation of Mr. Vivek Kaul as Non- Executive Independent Director… | −5.7% | −9.7% |
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):
- 2026 LiveLaw (SC) 1110 | Damodar Valley Corporation v. Maithan Alloys Limited & Ors.
- Maithan Alloys Sept-Quarter Consol Net Profit 810.6 Million Rupees
- Supreme Court sets aside APTEL review order on DVC Sinking Fund, imposes costs on Maithan Alloys and SAIL
- Maithan Alloys Q2 profit aided by Rs 88.42 crore tax credit
- Maithan Alloys Q2FY27 net profit turns positive at ₹64.90 crore
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.