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.

NITCO Tiles has reported a significant surge in its sales performance, recording an impressive 85% increase compared to the previous month. This substantial growth demonstrates the company's strong business momentum in the tiles and building materials sector.

Sales Performance Highlights

The monthly sales comparison reveals the company's robust performance trajectory:

Market Position

This remarkable month-on-month sales increase positions NITCO favorably within the tiles and building materials industry. The 85% growth figure reflects significant improvement in the company's operational performance and market reach.

Business Momentum

The substantial sales growth indicates positive market conditions and suggests that NITCO's business strategies are effectively driving revenue expansion. This performance metric highlights the company's ability to capitalize on market opportunities and maintain competitive positioning in the tiles manufacturing sector.

The strong monthly sales performance demonstrates NITCO's operational efficiency and market responsiveness, contributing to its overall business growth trajectory in the building materials industry.