NIBE Limited CEO resigns citing personal reasons

Ceo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

NIBE · price

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

-2.4%Reaction day

₹1683.00

prior close

₹1650.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-2.1% vs market

Aerospace & Defense peers, median of 24sector-0.3%-2.1% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 2.1 pts less than its Aerospace & Defense 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

-2.1

10m

-2.7

15m

-1.7

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.4-0.3-2.1-0.3-2.1

Next day

-0.8+0.8-1.5+2.1-2.9

-1.3+0.9-2.2+1.7-3.0

-1.6+1.8-3.4+2.8-4.4

-2.3+1.5-3.8+2.4-4.7

-4.3+1.7-6.0+4.4-8.8

-11.5-1.1-10.4+1.6-13.1

15d

-7.2+1.0-8.2+0.2-7.4

-16.8+0.4-17.2-2.8-14.0

-18.6+6.4-24.9+0.5-19.1

-26.3+5.5-31.8+4.4-30.7

UpDownMarket · Nifty Microcap 250Sector · Aerospace & Defense peers, median of 24Pending

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

AI summary

Mr Prakash Hari Khose has stepped down as Chief Executive Officer and Key Managerial Personnel of NIBE Limited, effective close of business hours on June 25, 2026. He cited personal reasons and confirmed there are no other material reasons for his resignation. The company has informed BSE and NSE under Regulation 30 of the Listing Regulations and has placed the resignation letter and required details on record.

Likely market impact

Sudden exit of the CEO may create short-term uncertainty; watch for a successor announcement and any change in company strategy.