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Management change

NIBE Shilpa Ajay Bhatia appointed

NIBE (BSE: NIBE) said Shilpa Ajay Bhatia has been appointed. The company is valued at about ₹1,954 crore.

BCEIE News Desk · Published 14 Nov 2026, 05:22 pm IST · Filing received 14 Nov 2026, 05:06 pm IST

What happened

NIBE (BSE: NIBE) informed the stock exchanges on 14 November 2026 at 05:06 PM that Shilpa Ajay Bhatia has been appointed.

Company snapshot

NIBE is a small-cap company, with a market value of about ₹1,954 crore.

The stock last traded at ₹1,260.6, against a 52-week range of ₹809.6–₹1,848 (31.8% below the high).

Before this filing the shares had moved +3.8% over the month and −12.8% over three months. Average daily turnover over the last 20 sessions was about ₹7.99 crore.

Promoters held 51.46% at the end of Q2 FY27, down 0.81% points from the previous quarter. Foreign institutions owned 11.47% and domestic institutions 0.58%.

Quarterly results (consolidated, ₹ crore)
QuarterRevenueNet profitEPS (₹)
Q1 FY268210.72
Q2 FY2673-8.4-6.69
Q3 FY2659-17.1-11.76
Q4 FY2626029.220.11
Q1 FY2763-11-7.34

What history shows

BCEIE's records show 8 previous management change filings from the company since May 2026.

After those filings, the stock fell 1.8% on average the next trading day and was down 2.9% on average after five days (8 filings with price data).

Market-wide, 4,556 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.

Earlier filings of this kind
DateFilingNext day5 days
29 Sept 2026Resignation of Director/KMP/SMP−0.3%−1.1%
29 Sept 2026Resignation of Mrs Ranjana Manoj Mimani as Non- Executive Director…−0.3%−1.1%
14 Aug 2026Change in Auditors of the company.−3.1%−3.5%
14 Aug 2026Change in Auditors of the company.−3.1%−3.5%
14 Aug 2026Appointment of Mr Ganesh Ramesh Nibe as Chief Executive Officer of…−3.1%−3.5%

What to watch

  • The appointment of a successor and any change in strategy or guidance.
  • 14 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.

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