Minda Corporation CEO Sumit Doseja resigns
Minda Corporation (NSE: MINDACORP) said Sumit Doseja, CEO, has resigned. The company is valued at about ₹17,038 crore.
What happened
Minda Corporation (NSE: MINDACORP) informed the stock exchanges on 6 November 2026 at 03:41 PM that Sumit Doseja, CEO, has resigned.
From the filing: "Sumit Doseja has resigned from the position of CEO - Business Vertical - 1 Division of the Company on November 6, 2026 ."
Company snapshot
Minda Corporation is a small-cap company in the Automobile and Auto Components sector, with a market value of about ₹17,038 crore.
The stock last traded at ₹712.7, against a 52-week range of ₹468.5–₹769 (7.3% below the high).
Before this filing the shares had moved +4.7% over the month and −6.2% over three months. Average daily turnover over the last 20 sessions was about ₹22.32 crore.
Promoters held 64.84% at the end of Q2 FY27. Foreign institutions owned 9.37% and domestic institutions 17.91%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 1,535 | 84.6 | 3.6 |
| Q3 FY26 | 1,560 | 85.7 | 3.64 |
| Q4 FY26 | 1,704 | 124.6 | 5.29 |
| Q1 FY27 | 1,846 | 206 | 8.75 |
| Q2 FY27 | 2,189 | 143.1 | 6.08 |
What history shows
This is not the company's first management change disclosure: BCEIE has 5 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 2.6% on average after five days (3 filings with price data).
Across 86 similar disclosures by other Automobile and Auto Components companies, shares moved −0.5% on average the next day and −0.5% over five days; 38% of them rose the next day.
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.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 3 Nov 2026 | Completion of tenure of Mrs. Pratima Ram, Independent Director of… | +2.4% | — |
| 24 Sept 2026 | Change in Company Secretary/Compliance Officer | −1.5% | −3.1% |
| 21 Aug 2026 | Management change | −3.3% | −2.1% |
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):
- Uno Minda shares rally 10% after Q2 profit jumps 38%; board approves ₹85 crore investment
- UNO Minda Ltd (BOM:532539) (Q2 2027) Earnings Call Highlights: Record Revenue of INR6,655 ...
- Uno Minda shares rally 10% after Q2 profit jumps 38%, approves ₹85 crore investment - CNBC TV18
- Minda Corp Climbs 8% on Record Q2 Revenue
- Minda Corp shares settle 4% higher after Q2 profit surges 68% to Rs 143 crore
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.