United Polyfab Gujarat Director Naresh Kumar Mistri resigns
United Polyfab Gujarat (BSE: UNITEDPOLY) said Naresh Kumar Mistri, Director, has resigned. The company is valued at about ₹1,146 crore.
What happened
United Polyfab Gujarat (BSE: UNITEDPOLY) informed the stock exchanges on 12 October 2026 at 03:41 PM that Naresh Kumar Mistri, Director, has resigned.
From the filing: "Naresh Kumar Mistri (DIN:11700309), Additional Director of the Company has tendered their resignation vide the resignation letter dated September 29 th , 202 6 with effect from the same date, due to Personal Reason Consequently, all has stepped down from all the Committees of the Company in which…"
Company snapshot
United Polyfab Gujarat is a small-cap company, with a market value of about ₹1,146 crore.
The stock last traded at ₹49.92, against a 52-week range of ₹20.6–₹52 (4.0% below the high).
Before this filing the shares had moved +17.2% over the month and +62.3% over three months. Average daily turnover over the last 20 sessions was about ₹2.46 crore.
Promoters held 51.51% at the end of Q1 FY27. Foreign institutions owned 6.04% and domestic institutions 2.16%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q4 FY25 | 153 | 3.9 | 1.7 |
| Q1 FY26 | 146 | 5.9 | 0.26 |
| Q2 FY26 | 185 | 7.6 | 0.33 |
| Q3 FY26 | 175 | 4.9 | 0.21 |
| Q4 FY26 | 172 | 7.1 | 0 |
What history shows
This is not the company's first management change disclosure: BCEIE has 3 earlier filings of this kind on record since May 2026.
After those filings, the stock gained 0.8% on average the next trading day and was down 2.1% on average after five days (3 filings with price data).
Market-wide, 3,919 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 |
|---|---|---|---|
| 29 Sept 2026 | Resignation of secretarial | +4.8% | — |
| 6 Jul 2026 | Appointment of Company Secretary and Compliance Officer | −2.3% | −2.3% |
| 30 May 2026 | Intimation For Resignation Of Company Secretary And Compliane Officer | −0.2% | −1.9% |
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):
- UNITEDPOLY Share Price Today - United Polyfab on NSE/BSE
- United Polyfab Gujarat UNITEDPOLY SDD Compliance Q2 FY27
- United Polyfab Gujarat Ltd notes resignation of secretarial auditor
- United Polyfab Gujarat (NSE:UNITEDPOLY): Why Did Its Secretarial Auditor Resign?
- United Polyfab shareholders approve all nine AGM resolutions
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.