Relaxo Footwears Ankit Jain resigns
Relaxo Footwears (RELAXO) said Ankit Jain has resigned. The company is valued at about ₹7,238 crore.
What happened
Relaxo Footwears (RELAXO) told the exchanges on 30 September 2026 at 04:36 PM that Ankit Jain has resigned.
From the filing: "Ankit Jain, Company Secretary and Compliance Officer, a Key Managerial Personnel (KMP) and Senior Management Personnel (SMP) of the Company, has tendered his resignation vide his letter dated September 07, 2026 to pursue a better opportunity outside the organization."
Company snapshot
Relaxo Footwears is a small-cap company in the Consumer Durables sector, with a market value of about ₹7,238 crore.
The stock last traded at ₹290.8, against a 52-week range of ₹236.5–₹454.8 (36.1% below the high).
Before this filing the shares had moved −18.5% over the month and −29.1% over three months. Average daily turnover over the last 20 sessions was about ₹7.97 crore.
Promoters held 71.27% at the end of Q1 FY27. Foreign institutions owned 3.11% and domestic institutions 9.67%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 654 | 48.9 | 1.96 |
| Q2 FY26 | 629 | 36.2 | 1.46 |
| Q3 FY26 | 668 | 26.5 | 1.06 |
| Q4 FY26 | 751 | 67.7 | 2.72 |
| Q1 FY27 | 705 | 54.9 | 2.21 |
What history shows
This is not the company's first management change disclosure: BCEIE has 2 earlier filings of this kind on record since May 2026.
Across 75 similar disclosures by other Consumer Durables companies, shares moved +0.6% on average the next day and +0.9% over five days; 45% of them rose the next day.
Market-wide, 3,833 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.
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):
- Relaxo Footwears shareholders approve ₹3.50 per share final dividend for FY26
- Relaxo Footwears RELAXO Trading Window Closure Q2 FY27
- Relaxo Sparx – "It's In Me": A Youth Lifestyle Repositioning
- Agarwal Toughened Glass wins Rs 2.55 crore order from Relaxo Footwears
- Relaxo Hawai’s Insight into Everyday Comfort Footwear
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.