NITCO tiles has announced key changes to its senior management team following a Board of Directors meeting held on January 14, 2026. The company has appointed new executives to critical positions while managing a smooth transition from outgoing personnel.

Key Management Appointments

The Board approved two significant appointments based on recommendations from the Nomination & Remuneration Committee and Audit Committee. Both appointments are effective from January 16, 2026, and the new executives will serve as Key Managerial Personnel under Section 203 of the Companies Act, 2013.

New CFO Profile and Experience

Mr. Bikash Jain brings extensive financial leadership experience to NITCO Limited. As a Chartered Accountant and member of the Institute of Chartered Accountants of India, he possesses over 20 years of professional experience. His background includes a decade serving as CFO or Head of Finance at multinational organizations including GSK, Colgate-Palmolive, Coca-Cola, and Hero Cycles Limited.

Jain's expertise encompasses:

• Driving profitable growth and improving cash flow
• Aligning business vision with strategic priorities
• Leading large-scale restructuring in complex markets
• Managing finance hubs across Southeast Asia
• Successfully executing business-critical merger integration in North Africa

Company Secretary Appointment

Mrs. Rupali Swami Kambli (ICSI Membership No. A38783) has been appointed as the new Company Secretary and Compliance Officer. She holds multiple professional qualifications including Company Secretary membership with the Institute of Company Secretaries of India, Chartered Secretary certification from The Chartered Governance Institute (ICSA), and a law degree.

Her professional experience spans over 11 years with expertise in:

• Corporate governance and regulatory compliance
• Legal advisory and risk management
• Shareholder relations
• Navigating complex legal and regulatory frameworks

Leadership Transition

The appointments follow the resignation of Mrs. Geeta Shah from her position as Company Secretary and Compliance Officer, effective from the closure of business hours on January 14, 2026. Shah's resignation is attributed to her relocation to a country outside India. To ensure continuity, she will remain associated with the company as an employee until February 28, 2026, facilitating a smooth transition period.

Updated Key Management Personnel

Following these changes, NITCO Limited's Key Management Personnel for determining materiality of events and stock exchange disclosures under Regulation 30(5) includes:

The Board meeting commenced at 3:35 PM IST and concluded at 4:50 PM IST on January 14, 2026. These appointments reflect NITCO Limited's commitment to maintaining strong leadership and governance standards while ensuring regulatory compliance and operational continuity.

Nitco tiles has announced a significant change in its senior management team with the resignation of Chief Financial Officer Sitanshu Satapathy. The tiles and marble company informed stock exchanges about this key personnel change on January 13, 2026, in compliance with regulatory disclosure requirements.

CFO Resignation Details

Mr. Sitanshu Satapathy tendered his resignation from the position of Chief Financial Officer and Key Managerial Personnel through a formal letter dated January 13, 2026. The resignation became effective from the close of business hours on the same date.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. NITCO Limited notified both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) about the resignation through official communications.

The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring complete transparency regarding the management change. The company provided detailed annexures containing all required information about the cessation of Mr. Satapathy's roles.

Management Acknowledgment

In the official communication signed by Chairman & Managing Director Vivek Talwar, the company expressed appreciation for the valuable services rendered by Mr. Satapathy during his tenure. The resignation letter was formally received and accepted by the company's board.

Consequently, Mr. Satapathy also ceases to be a Senior Management Personnel of NITCO Limited with effect from January 13, 2026. The company has committed to completing all necessary formalities in connection with the resignation, including filing requisite forms with the Ministry of Corporate Affairs and informing other relevant authorities as required under applicable laws.