Nitco Limited has informed the Exchange about resignation of Mr. Bikash Jain as a Chief Financial Officer (CFO) & Key Managerial Personnel (KMP) of the Company
NITCO · price
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On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 1.0 pts more than its Ceramics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Nitco Limited has informed the stock exchanges that Mr. Bikash Jain has resigned from the position of Chief Financial Officer and Key Managerial Personnel of the company, effective from the close of business hours on March 31, 2026. The resignation has been tendered due to his relocation to Delhi for family reasons and his future career plans. The company has acknowledged his services and confirmed he will also cease to be a Senior Management Personnel from the same date. The disclosure was made under SEBI Listing Regulations, with the formal resignation letter dated March 24, 2026, signed by Chairman & Managing Director Vivek Talwar.
The CFO exit is due to personal reasons rather than any governance or performance concerns, which is a relatively neutral signal for shareholders. However, investors should watch for timely appointment of a new CFO, as a prolonged vacancy at this key position could create uncertainty around financial reporting and strategic execution.