MSP Steel & Power Asit Kumar Kayal appointed
MSP Steel & Power (MSPL) said Asit Kumar Kayal has been appointed. The company is valued at about ₹1,879 crore.
What happened
MSP Steel & Power (MSPL) told the exchanges on 13 November 2026 at 03:05 PM that Asit Kumar Kayal has been appointed.
From the filing: "MSP Steel & Power Limited has informed the Exchange regarding Appointment of Mr."
Company snapshot
MSP Steel & Power is a small-cap company, with a market value of about ₹1,879 crore.
The stock last traded at ₹33.15, against a 52-week range of ₹26.25–₹46.12 (28.1% below the high).
Before this filing the shares had moved +7.5% over the month and −7.1% over three months. Average daily turnover over the last 20 sessions was about ₹1.51 crore.
Promoters held 45.12% at the end of Q1 FY27, up 4.90% points from the previous quarter; 63.53% of promoter shares were pledged. Foreign institutions owned 1.18% and domestic institutions 15.78%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 711 | 17.8 | 0.31 |
| Q2 FY26 | 677 | -74.8 | -1.32 |
| Q3 FY26 | 639 | 5.5 | 0.1 |
| Q4 FY26 | 816 | 85.2 | 1.5 |
| Q1 FY27 | 827 | 22 | 0.39 |
What history shows
BCEIE has no earlier management change filing from this company on record since May 2026.
Market-wide, 4,544 management change filings with an impact score of 50 or more saw an average next-day move of −0.0%, with 46% 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.
- 13 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.