Veljan Denison: VDL-Resignation of Mr.Ramesh Kumar Nimmaggadda (DIN.10506458), Independent Director of the Company w.e.f…
Veljan Denison (VELJAN) filed a disclosure titled "VDL-Resignation of Mr.Ramesh Kumar Nimmaggadda (DIN.10506458), Independent Director of the Company w.e.f from 11.11.2026- -a/a". The company is valued at about ₹884 crore.
What happened
Veljan Denison (VELJAN) filed a disclosure with the exchanges on 11 November 2026 at 03:49 PM titled "VDL-Resignation of Mr.Ramesh Kumar Nimmaggadda (DIN.10506458), Independent Director of the Company w.e.f from 11.11.2026- -a/a".
Company snapshot
Veljan Denison is a micro-cap company, with a market value of about ₹884 crore.
The stock last traded at ₹1,965, against a 52-week range of ₹812–₹2,790.7 (29.6% below the high).
Before this filing the shares had moved −27.4% over the month and +18.3% over three months. Average daily turnover over the last 20 sessions was about ₹0.09 crore.
Promoters held 74.98% at the end of Q1 FY27.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 39 | 7.1 | — |
| Q2 FY26 | 36 | 6.6 | 14.76 |
| Q3 FY26 | 33 | 4.6 | 10.31 |
| Q4 FY26 | 41 | 6.6 | 14.61 |
| Q1 FY27 | 39 | 7.5 | 16.58 |
What history shows
BCEIE's records show 7 previous management change filings from the company since May 2026.
After those filings, the stock fell 1.6% on average the next trading day and was up 5.0% on average after five days (7 filings with price data).
Market-wide, 4,491 management change filings with an impact score of 50 or more saw an average next-day move of −0.0%, with 45% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 8 Sept 2026 | Veljan Denison Limited-Resignation of Mr. Velamati Gangadhar… | −0.9% | −2.4% |
| 8 Sept 2026 | Veljan Denison Limited-Resignation of Mr. Velamati Gangadhar… | −0.9% | −2.4% |
| 8 Sept 2026 | Veljan Denison Limited- Resignation of Mr Velamati Gangadhar… | −0.9% | −2.4% |
| 3 Aug 2026 | Management change | −3.1% | +4.7% |
| 3 Aug 2026 | Management change | −6.6% | −2.1% |
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.