Nitco: Company Secretary resigns, new CFO and CS appointed

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

Board of Nitco on January 14, 2026 accepted the resignation of Geeta Shah as Company Secretary and Compliance Officer due to her relocation overseas. She stays as employee until February 28, 2026 for transition. Bikash Jain, a Chartered Accountant with 20 plus years at GSK, Colgate-Palmolive and Coca-Cola, appointed as new CFO. Mrs. Rupali Swami Kambli, a Company Secretary with 11 plus years of governance experience, named as new Company Secretary. Both appointments effective January 16, 2026.

Likely market impact

Smooth KMP transition. New CFO brings 20 plus years at multinational firms; qualified CS appointed for compliance. No governance issues flagged.