Nilkamal Limited has informed the Exchange regarding Cessation of Mr Murtaza Taherbhai Manglorwala as Associate Vice President - Category Management, Furniture Division of the company w.e.f. Jun 15, 2026.
NILKAMAL · price
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Nilkamal Limited has announced the resignation of Mr. Murtaza Taherbhai Manglorwala from his position as Associate Vice President - Category Management, Furniture Division. He was designated as Senior Management Personnel (SMP) of the company. He tendered his resignation on May 13, 2026, and will be relieved from duties effective June 15, 2026. The reason stated for his departure is to pursue new challenges and opportunities. The company has acknowledged his resignation and confirmed the effective date of relief.
This is a mid-level management change in the Furniture Division. While not a Key Managerial Personnel (KMP) level departure, it may have minor operational implications for the Furniture Division's category management function. Limited direct impact on stock price expected.