Nitco Limited appoints new CFO and Company Secretary; Geeta Shah resigns as CS

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 Limited's board appointed Mr. Bikash Jain, a Chartered Accountant with 20-plus years of finance leadership at GSK, Colgate-Palmolive, Coca-Cola and Hero Cycles, as Chief Financial Officer from January 16, 2026. Mrs. Rupali Swami Kambli was also named Company Secretary from the same date. Existing Company Secretary Mrs. Geeta Shah resigned effective January 14, 2026 owing to relocation abroad and will remain with the company as an employee until February 28, 2026 to support smooth transition.

Likely market impact

New CFO brings strong multinational finance experience. CS change is orderly with transition plan in place, minimizing governance disruption.