Vardhman Special Steels Iwao Shimamoto as Non appointed
Vardhman Special Steels (VSSL) said Iwao Shimamoto as Non has been appointed. The company is valued at about ₹3,280 crore.
What happened
Vardhman Special Steels (VSSL) told the exchanges on 27 October 2026 at 01:06 PM that Iwao Shimamoto as Non has been appointed.
Company snapshot
Vardhman Special Steels is a small-cap company, with a market value of about ₹3,280 crore.
The stock last traded at ₹339.2, against a 52-week range of ₹206.4–₹428.3 (20.8% below the high).
Before this filing the shares had moved −16.8% over the month and +14.5% over three months. Average daily turnover over the last 20 sessions was about ₹3.84 crore.
Promoters held 51.06% at the end of Q1 FY27. Foreign institutions owned 0.55% and domestic institutions 3.27%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 434 | 19.9 | 2.43 |
| Q2 FY26 | 432 | 34.6 | 3.61 |
| Q3 FY26 | 431 | 33.6 | 3.48 |
| Q4 FY26 | 458 | 34 | 3.52 |
| Q1 FY27 | 486 | 41.2 | 4.26 |
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 fell 3.7% on average the next trading day (3 filings with price data).
Market-wide, 4,000 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 |
|---|---|---|---|
| 30 Sept 2026 | Resignation of Director/KMP/SMP | −3.7% | — |
| 30 Sept 2026 | Appointment of Mr Koichiro Hayashida as Senior Management Personnel… | −3.7% | — |
| 30 Sept 2026 | Cessation of Mr. Koichiro Hayashida as Non- Executive Director of… | −3.7% | — |
What to watch
- The appointment of a successor and any change in strategy or guidance.
- 27 October 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.