Appointment of Mr. Vivek Soni as CFO of the Company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 1.0 pts less than its Cigarettes & Tobacco Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
NTC Industries Ltd has appointed Mr. Vivek Soni as Chief Financial Officer effective 07.05.2026. He previously served as Accounts Manager at the same company, making this an internal promotion. The previous CFO, Mr. Avijit Maity, resigned effective the same date (07.05.2026). Mr. Soni, born in 1992, is a graduate of Calcutta University and brings 8 years of experience with the company, particularly in client handling, logistics, cross-border transactions, and product development in the tobacco manufacturing industry. The appointment was made based on the recommendation of the Nomination and Remuneration Committee and complies with Section 203 of the Companies Act, 2013.
This appointment fills a key leadership vacancy in the finance function. The resignation of the previous CFO and replacement with an internal candidate suggests a planned transition rather than a sudden departure. Shareholders should note that the company maintains continuity by promoting from within, though any reasons behind the previous CFO's exit are not disclosed.