Shalby Tushar Shah as Executive appointed
Shalby (SHALBY) said Tushar Shah as Executive has been appointed. The company is valued at about ₹1,329 crore.
What happened
Shalby (SHALBY) told the exchanges on 3 November 2026 at 06:46 PM that Tushar Shah as Executive has been appointed.
From the filing: "Shalby Limited has informed the Exchange regarding Appointment of Mr."
Company snapshot
Shalby is a small-cap company, with a market value of about ₹1,329 crore.
The stock last traded at ₹123.1, against a 52-week range of ₹110.6–₹252.1 (51.2% below the high).
Before this filing the shares had moved −9.8% over the month and −27.0% over three months. Average daily turnover over the last 20 sessions was about ₹0.93 crore.
Promoters held 74.33% at the end of Q4 FY26. Foreign institutions owned 4.36% and domestic institutions 0.25%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 296 | 8.9 | 0.71 |
| Q2 FY26 | 285 | 8.4 | 0.68 |
| Q3 FY26 | 272 | 1.8 | 0.12 |
| Q4 FY26 | 287 | 18.3 | 1.72 |
| Q1 FY27 | 331 | 10.8 | 0.98 |
What history shows
BCEIE's records show 3 previous management change filings from the company since May 2026.
After those filings, the stock fell 2.2% on average the next trading day and was down 1.7% on average after five days (3 filings with price data).
Market-wide, 4,129 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 |
|---|---|---|---|
| 12 Sept 2026 | Cessation of Mr. Shanay Vikram Shah as Additional Director… | −5.2% | −4.5% |
| 18 Aug 2026 | Management change | +1.5% | +1.0% |
| 12 Aug 2026 | Appointment of Mr Shanay Vikram Shah (DIN: 02726541) as Additional… | −2.8% | −1.7% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
- 3 November 2026: Board meeting — Financial Results/Other business matters.
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.