CEO Suketu Shah resigns; Ravindra Bajranglal Bajaj appointed

CEO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

VISHAL · price

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Price reactionminutes from the announcement price · days from the prior close

+3.0%Reaction day

₹16.20

prior close

₹16.65

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.2%+0.8% vs market

Garments & Apparels peers, median of 44sector+1.2%+1.8% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 1.8 pts more than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.8

10m

-3.1

15m

-0.9

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.0+2.2+0.8+1.2+1.8

Next day

+5.4pendingpending+3.2+2.2

———+1.5—

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15d

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UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 44Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Vishal Fabrics said Suketu Shah resigned as chief executive officer effective November 3, 2026, and appointed Ravindra Bajranglal Bajaj as CEO the same day. The board also approved September-quarter and half-year unaudited results. Standalone quarterly revenue was Rs 36,632.55 lakh and net profit Rs 1,062.64 lakh; consolidated quarterly net profit was Rs 1,157.37 lakh.

Likely market impact

The same-day CEO replacement reduces management disruption, but investors may wait to see strategy and execution under the new leader.