CFO and Executive Director Mitesh Thakkar resigns from Nivaka Fashions

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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

-1.3%Reaction day

₹0.75

prior close

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announcement price

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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.

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Reaction day

-1.3-2.8+1.4+0.4-1.7

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-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

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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 (DIN:06994888) has resigned as Chief Financial Officer and Executive Director of Nivaka Fashions Limited, effective 7th October 2026. He cited pre-occupancy of work and other evolving professional commitments as the reason. No successor has been named in this filing. The intimation was signed by Managing Director Bhavin Jain.

Likely market impact

Loss of a key managerial personnel with no replacement named yet, which may raise short-term governance concerns for this small-cap stock.