New CFO and Company Secretary appointed; CS Geeta Shah resigns

Kmp ResignedManagement Changes View source PDF Explain this filing

NITCO · price

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

-2.0%Reaction day

₹89.94

prior close

₹90.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%-1.7% vs market

Ceramics peers, median of 9sector+1.8%-3.8% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 3.8 pts less than its Ceramics 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

+1.4

10m

+0.8

15m

+0.5

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0-0.4-1.7+1.8-3.8

Next day

-2.4-1.7-0.7-0.2-2.2

-8.8-4.3-4.5-1.7-7.1

-11.1-5.1-6.0-3.4-7.7

-4.4-3.6-0.7-2.1-2.3

-10.3-5.7-4.5-5.2-5.0

-8.0-3.7-4.3-3.3-4.7

15d

-4.4+2.1-6.5+5.5-9.9

-10.7-0.1-10.6-0.5-10.2

-26.6-10.0-16.7-10.9-15.7

+0.8+2.2-1.4+1.1-0.3

UpDownMarket · Nifty Microcap 250Sector · Ceramics peers, median of 9Pending

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

AI summary

Nitco's board approved the appointment of Mr. Bikash Jain as CFO and Mrs. Rupali Swami Kambli as Company Secretary, both effective January 16, 2026. Jain is a Chartered Accountant with 20+ years experience at GSK, Colgate-Palmolive, and Coca-Cola. Separately, Mrs. Geeta Shah resigned as Company Secretary effective January 14, 2026, citing relocation abroad. She will continue as an employee till February 28, 2026 to ensure smooth transition.

Likely market impact

Smooth KMP-level leadership transition. Experienced CFO onboard from large multinationals. Outgoing CS leaves for personal relocation with handover support in place.