NIBE Limited has informed the Exchange regarding Resignation of Mr Jigar Shah as Chief Financial Officer of the company w.e.f. April 11, 2026.
NIBE · price
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NIBE Limited announced the resignation of Mr. Jigar Shah as Chief Financial Officer and Key Managerial Personnel (KMP), effective from the close of business on April 11, 2026. The stated reason for resignation is 'Health Issue.' The company confirmed that Mr. Shah has indicated no material reasons for his resignation beyond what was mentioned in his resignation letter. No successor has been named in the filing. The resignation was disclosed under SEBI Listing Regulations (Regulation 30) with all required Annexures submitted to BSE and NSE.
The mid-term departure of the CFO creates a leadership gap at NIBE Limited, which could introduce short-term operational uncertainty until a replacement is appointed. The stated health reason and absence of material concerns cited may limit negative sentiment.