Mishra Dhatu Nigam CTO Venkateshwar Rathod retires
Mishra Dhatu Nigam (NSE: MIDHANI) said Venkateshwar Rathod, CTO, has retired. The company is valued at about ₹7,851 crore.
What happened
Mishra Dhatu Nigam (NSE: MIDHANI) informed the stock exchanges on 1 October 2026 at 08:54 PM that Venkateshwar Rathod, CTO, has retired.
Company snapshot
Mishra Dhatu Nigam is a small-cap company in the Capital Goods sector, with a market value of about ₹7,851 crore.
The stock last traded at ₹419.1, against a 52-week range of ₹266.7–₹482.4 (13.1% below the high).
Before this filing the shares had moved +1.2% over the month and −2.5% over three months. Average daily turnover over the last 20 sessions was about ₹139 crore.
Promoters held 74.00% at the end of Q1 FY27. Foreign institutions owned 2.56% and domestic institutions 7.37%.
What history shows
BCEIE's records show 6 previous management change filings from the company since May 2026.
After those filings, the stock gained 0.9% on average the next trading day and was down 1.1% on average after five days (5 filings with price data).
Across 208 similar disclosures by other Capital Goods companies, shares moved +0.1% on average the next day and +0.5% over five days; 51% of them rose the next day.
Market-wide, 3,846 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.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 17 Sept 2026 | Change in Director(s) of the company. | +2.6% | −0.7% |
| 9 Sept 2026 | Re-appointment of Statutory Auditors for FY 2026-27. | −3.5% | −12.1% |
| 21 Aug 2026 | Management change | −2.3% | −2.3% |
| 2 Aug 2026 | Management change | +4.2% | +9.6% |
| 5 Jun 2026 | Management change | +3.4% | +0.2% |
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):
- Mishra Dhatu Nigam Limited (NSE:MIDHANI) Will Pay A ₹1.25 Dividend In Three Days
- Mishra Dhatu Nigam (MIDHANI) vs Kalyani Steels vs Sarda Energy an
- Mishra Dhatu Nigam to attend investor meet in Hyderabad on Sep 28
- Mishra Dhatu Nigam appoints Meera Mohanty Govt Nominee Director
- Meera Mohanty Appointed Government Nominee Director on MIDHANI Board
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.