TPL Plastech Jayesh Ajitkumar Ashar resigns
TPL Plastech (TPLPLASTEH) said Jayesh Ajitkumar Ashar has resigned. The company is valued at about ₹519 crore.
What happened
In a filing with the BSE on 4 November 2026 at 07:56 PM, TPL Plastech (TPLPLASTEH) said that Jayesh Ajitkumar Ashar has resigned.
Company snapshot
TPL Plastech is a micro-cap company, with a market value of about ₹519 crore.
The stock last traded at ₹66.54, against a 52-week range of ₹50.01–₹90.33 (26.3% below the high).
Before this filing the shares had moved −6.0% over the month and −19.4% over three months. Average daily turnover over the last 20 sessions was about ₹0.99 crore.
Promoters held 74.86% at the end of Q1 FY27. Foreign institutions owned 0.47% and domestic institutions 0.04%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 90 | 5.5 | 0.7 |
| Q2 FY26 | 107 | 6.8 | 0.88 |
| Q3 FY26 | 111 | 8.7 | 1.11 |
| Q4 FY26 | 114 | 8.1 | 1.03 |
| Q1 FY27 | 124 | 6.5 | 0.84 |
What history shows
This is not the company's first management change disclosure: BCEIE has 4 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 4.6% on average the next trading day and was down 6.2% on average after five days (4 filings with price data).
Market-wide, 4,282 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 |
|---|---|---|---|
| 26 Aug 2026 | Resignation of Director/KMP/SMP | −5.4% | −6.5% |
| 26 Aug 2026 | Management change | −5.4% | −6.5% |
| 26 Aug 2026 | Management change | −5.4% | −6.5% |
| 4 Aug 2026 | Appointment of Mr Pradip Kumar Das as Non- Executive Independent… | −2.0% | −5.1% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
- 4 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.