Rajnandini Metal Managing Director Ashok Kalra resigns
Rajnandini Metal (NSE: RAJMET) said Ashok Kalra, Managing Director, has resigned. The company is valued at about ₹82.94 crore.
What happened
Rajnandini Metal (NSE: RAJMET) informed the stock exchanges on 13 November 2026 at 06:19 PM that Ashok Kalra, Managing Director, has resigned.
From the filing: "Rajnandini Metal Limited has informed the Exchange regarding 'Intimation regarding withdrawal/recall of Resignation of Mr."
Company snapshot
Rajnandini Metal is a micro-cap company, with a market value of about ₹82.94 crore.
The stock last traded at ₹3, against a 52-week range of ₹2.56–₹5.28 (43.2% below the high).
Before this filing the shares had moved −1.6% over the month and −9.1% over three months. Average daily turnover over the last 20 sessions was about ₹0.06 crore.
Promoters held 31.61% at the end of Q1 FY27.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 74 | -2 | -0.06 |
| Q2 FY26 | 71 | 0 | 0 |
| Q3 FY26 | 62 | 0.5 | 0.02 |
| Q4 FY26 | 56 | 1.1 | 0.04 |
| Q1 FY27 | 52 | 0.4 | 0.01 |
What history shows
BCEIE's records show 3 previous management change filings from the company 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.
- 14 November 2026: Board meeting — Financial Results.
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.