Deepak Nitrite Limited has informed the Exchange about change in Management
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Deepak Nitrite Limited announced that Shri Mautik Mehta has been re-appointed and elevated as Deputy Managing Director for 5 years effective May 9, 2026. He ceased to be Executive Director & Chief Executive Officer upon completion of his previous tenure on May 8, 2026. This transition follows a prior intimation dated April 3, 2026. Shri Mehta, son of Chairman & Managing Director Deepak C. Mehta, has been with the company since 2020 during the COVID-19 pandemic. The company has not disclosed who will now hold the CEO position.
The CEO position is now vacant, which could create uncertainty for investors. The appointment reinforces promoter family control over key leadership roles, with three family members (Chairman, Deputy MD, and now this role) holding top positions on the board.