Ecoline Exim CFO Resigns as Company Establishes New Corporate Office in West Bengal
Ecoline Exim Limited disclosed two related corporate developments on May 9, 2026: the establishment of a new corporate office at 187/A, Badu Road, P.O. Digberia, West Bengal – 700155, and the resignation of CFO Nitesh Agrawal, who cited the office relocation as the reason for his departure, effective June 06, 2026. The registered office at 8, G.C. Ghosh Road, Kolkata remains unchanged. Both disclosures were filed under Regulation 30 of the SEBI Listing Regulations by Company Secretary Sonum Jain.
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Ecoline Exim Limited has notified the National Stock Exchange of India of two related corporate developments: the resignation of Mr. Nitesh Agrawal from his position as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), and the establishment of a new corporate office address. Both intimations, dated May 9, 2026, were filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
New Corporate Office Established
The company has established its corporate office at a new address with effect from May 9, 2026. The registered office address of the company remains unchanged. The key details of the office addresses are summarised below:
| Parameter: | Details |
|---|---|
| New Corporate Office Address: | 187/A, Badu Road, P.O. Digberia, West Bengal – 700155 |
| Effective Date: | May 9, 2026 |
| Registered Office Address (Unchanged): | 8, G.C. Ghosh Road, Kolkata, West Bengal, India, 700048 |
CFO Resignation Details
Mr. Nitesh Agrawal submitted his resignation letter on May 08, 2026, citing the proposed relocation of the company's corporate office as the primary reason. He confirmed that the new location would significantly increase his daily commute, making it challenging to continue discharging his responsibilities effectively. He further confirmed that there is no other material reason for his resignation beyond the above.
The following table summarises the key details of the change in Key Managerial Personnel as disclosed under Regulation 30 of the Listing Regulations:
| Parameter: | Details |
|---|---|
| Name: | Mr. Nitesh Kumar Agrawal |
| Designation: | Chief Financial Officer & Key Managerial Personnel |
| Reason for Change: | Resignation due to relocation of the company's corporate office |
| Date of Resignation Letter: | May 08, 2026 |
| Effective Date of Cessation: | June 06, 2026 |
| Brief Profile (Appointment): | Not Applicable |
| Relationship Disclosure: | Not Applicable |
Regulatory Implications
With effect from the close of business hours on June 06, 2026, Mr. Agrawal will cease to be the CFO and Key Managerial Personnel of Ecoline Exim Limited. He will also cease to be the Key Managerial Personnel authorised for the purpose of determining the materiality of an event or information and for making disclosures to stock exchanges in terms of Regulation 30 of the Listing Regulations. Mr. Agrawal noted in his resignation letter that he would ensure a smooth transition of duties and provide all necessary support for the handover of responsibilities during the notice period.
Disclosure and Compliance
Both intimations have been made in accordance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The disclosures were signed and submitted by Sonum Jain, Company Secretary and Compliance Officer (Membership No. A54135), on behalf of Ecoline Exim Limited. The company has also uploaded the intimations on its official website at www.ecoline.net.in .
Who will Ecoline Exim Limited appoint as the new CFO, and how quickly can the company fill this critical KMP vacancy before the June 6, 2026 effective date?
Could the relocation of Ecoline Exim's corporate office to Badu Road signal a broader operational or strategic shift, such as expansion into new business areas or cost restructuring?
How might the absence of a CFO impact Ecoline Exim's financial reporting obligations, investor confidence, and compliance with SEBI regulations during the transition period?
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