Vardhman Special Steels Koichiro Hayashida as Non steps down
Vardhman Special Steels (VSSL) said Koichiro Hayashida as Non has ceased. The company is valued at about ₹3,942 crore.
What happened
In a filing with the NSE on 30 September 2026 at 05:43 PM, Vardhman Special Steels (VSSL) said that Koichiro Hayashida as Non has ceased.
From the filing: "Vardhman Special Steels Limited has informed the Exchange regarding Cessation of Mr."
Company snapshot
Vardhman Special Steels is a small-cap company, with a market value of about ₹3,942 crore.
The stock last traded at ₹407.8, against a 52-week range of ₹206.4–₹428.3 (4.8% below the high).
Before this filing the shares had moved +17.0% over the month and +49.7% over three months. Average daily turnover over the last 20 sessions was about ₹22.58 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
BCEIE has no earlier management change filing from this company on record since May 2026.
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):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.