CFO and Executive Director Mitesh Thakkar resigns from Nivaka Fashions

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-1.3%Reaction day

₹0.75

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.8%+1.4% vs market

Trading - Textile Products peers, median of 7sector+0.4%-1.7% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.7 pts less than its Trading - Textile Products 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

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3-2.8+1.4+0.4-1.7

Next day

-2.7-2.5-0.2-0.3-2.4

-4.0-1.7-2.3-0.7-3.3

-4.0-1.5-2.5-1.4-2.6

-4.0-0.8-3.2+0.3-4.3

-5.3-2.4-2.9-0.0-5.3

-6.7-3.4-3.3-3.5-3.2

15d

———-6.0—

—————

UpDownMarket · Nifty Microcap 250Sector · Trading - Textile Products peers, median of 7Pending

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

AI summary

Mr. Mitesh Ajit Thakkar has resigned as Chief Financial Officer and Executive Director of Nivaka Fashions Limited, effective 7th October 2026. He cited pre-occupancy of work and evolving professional commitments as the reason for stepping down. The company, formerly B.T. Syndicate Limited, is listed on BSE (scrip code 542206). No replacement has been named in this filing.

Likely market impact

Sudden CFO and board exit may create short-term leadership uncertainty. Watch for announcement of a successor and any impact on financial reporting.