Nitin Fire Protection Industries Announces Key Corporate Changes and Strategic Initiatives
Nitin Fire Protection Industries Limited conducted a comprehensive board meeting on February 17, 2026, implementing significant corporate changes including the appointment of experienced CFO Bharat Shah, relocation of registered office within Mumbai, appointment of specialized auditors for enhanced compliance, and strategic initiatives focused on organic and inorganic growth opportunities along with investor recapitalization efforts.
*this image is generated using AI for illustrative purposes only.
Nitin Fire Protection Industries Limited announced significant corporate developments following its board meeting on February 17, 2026, including key leadership appointments, operational changes, and strategic initiatives that strengthen the company's governance structure and future growth prospects.
Key Leadership Appointment
The board approved the appointment of Mr. Bharat Shah as Chief Financial Officer and Key Managerial Personnel, effective February 17, 2026. The appointment was made in compliance with SEBI regulations and listing requirements.
| Parameter: | Details |
|---|---|
| Age: | 67 years |
| Education: | B.Com. (Hons.), Law degree from University of Mumbai, Diploma in Business Management from Indian Merchants' Chamber |
| Experience: | Over 47 years in legal, taxation, and financial matters |
| Company History: | Associated since inception as consultant, joined as Vice-President on March 1, 2006 |
| Reporting Structure: | Reports to Managing Director and Management Committee |
| Relationship Disclosure: | No relation between directors of the Company |
Registered Office Relocation
The company relocated its registered office to enhance operational efficiency, as approved by the board meeting.
| Aspect: | Details |
|---|---|
| Previous Address: | 501, Delta, Technology Street, Powai, Mumbai, Maharashtra - 400076 |
| New Address: | C-801, Neelkanth Business Park, Kirol, Vidyavihar (West), Mumbai - 400086 |
| Effective Date: | February 17, 2026 |
Auditor Appointments
The board strengthened the company's audit framework with two key appointments made in accordance with SEBI Master Circular requirements:
Secretarial Auditor: M/s. AVS & Associates, Company Secretaries, appointed for financial years 2024-25 and 2025-26. The peer-reviewed firm specializes in company law matters, securities laws, merger and amalgamation services, secretarial audits for listed companies, and FEMA-related compliance.
Internal Auditor: M/s. Jimit Kamdar & Associates, Chartered Accountants, appointed for financial years 2025-26 and 2026-27. The firm is led by Mr. Jimit Mahendra Kamdar, a qualified Chartered Accountant with over 10 years of professional experience in audit and taxation across manufacturing, trading, and service sectors.
Strategic Initiatives and Legal Developments
The company outlined several strategic directions and legal resolutions during the board meeting:
| Initiative: | Details |
|---|---|
| Growth Strategy: | Pursuing organic and inorganic growth opportunities as deemed fit by the board |
| Investment Seeking: | Actively looking for potential investors for company recapitalization |
| Legal Resolution: | Accepted consent terms and filed for cancellation of sale certificate in DRT |
Meeting Details and Compliance
The board meeting was conducted under proper governance protocols, with Director Allan Lopes chairing the session. The meeting commenced at 4:00 PM and concluded at 5:00 PM on February 17, 2026. All decisions were communicated to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI Listing Regulations, ensuring full regulatory compliance and transparency for stakeholders.
16
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
