VST Industries President Saurabh Grover resigns
VST Industries (VSTIND) said Saurabh Grover, President, has resigned. The company is valued at about ₹3,340 crore.
What happened
VST Industries (VSTIND) told the exchanges on 12 November 2026 at 04:06 PM that Saurabh Grover, President, has resigned.
From the filing: "Saurabh Grover, Vice President-Sales & Marketing has tendered his resignation today, 12 November, 2026."
Company snapshot
VST Industries is a small-cap company, with a market value of about ₹3,340 crore.
The stock last traded at ₹196.7, against a 52-week range of ₹184.1–₹286.8 (31.4% below the high).
Before this filing the shares had moved −2.5% over the month and −10.2% over three months. Average daily turnover over the last 20 sessions was about ₹2.72 crore.
Promoters held 32.16% at the end of Q2 FY27. Foreign institutions owned 1.25% and domestic institutions 5.91%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 864 | 115.3 | 6.79 |
| Q3 FY26 | 492 | 60.2 | 3.55 |
| Q4 FY26 | 689 | 116.7 | 6.87 |
| Q1 FY27 | 862 | 42.4 | 2.5 |
| Q2 FY27 | 844 | 41 | 2.41 |
What history shows
BCEIE's records show 1 previous management change filing from the company since May 2026.
Market-wide, 4,506 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.
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.