Rana Sugars Gaurav Garg resigns
Rana Sugars (BSE: RANASUG) said Gaurav Garg has resigned; and Gaurav Garg from Whole has resigned. The company is valued at about ₹210 crore.
What happened
Rana Sugars (BSE: RANASUG) informed the stock exchanges on 1 October 2026 at 04:52 PM that Gaurav Garg has resigned; and Gaurav Garg from Whole has resigned.
From the filing: "Gaurav Garg shall, however, continue to be associated with the Company in his existing capacity as Chief Financial Officer ("CFO") and his resignation is limited to his position as Whole-time Director/Directorship of the Company."
Company snapshot
Rana Sugars is a micro-cap company, with a market value of about ₹210 crore.
The stock last traded at ₹13.67, against a 52-week range of ₹10.21–₹16.45 (16.9% below the high).
Before this filing the shares had moved −12.6% over the month and +9.6% over three months. Average daily turnover over the last 20 sessions was about ₹0.6 crore.
Promoters held 22.64% at the end of Q1 FY27. Foreign institutions owned 0.00% and domestic institutions 0.00%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 531 | -2.5 | -0.16 |
| Q2 FY26 | 345 | -14.1 | -0.92 |
| Q3 FY26 | 429 | 12.7 | 0.83 |
| Q4 FY26 | 4,378 | 277.5 | 1.81 |
| Q1 FY27 | 464 | -20.7 | -1.35 |
What history shows
This is not the company's first management change disclosure: BCEIE has 6 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 2.2% on average the next trading day and was down 3.7% on average after five days (4 filings with price data).
Market-wide, 3,837 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 |
|---|---|---|---|
| 19 Sept 2026 | Change in Management | −2.2% | −4.0% |
| 19 Sept 2026 | Resignation of Director/KMP/SMP | −2.2% | −4.0% |
| 25 Jun 2026 | Management change | −4.0% | −2.9% |
| 23 Jun 2026 | Management change | −0.5% | −4.2% |
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):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.