NIBE Limited Announces CFO Resignation
NIBE Limited confirmed the resignation of Mr. Jigar Shah from his position as Chief Financial Officer and Key Managerial Personnel, effective from the close of business hours on April 11, 2026.The company issued the statement detailing the transition of leadership roles. According to the information provided, the resignation of Mr. Jigar Shah as Chief Financial Officer was due to a Health Issue. This change in key management personnel was effective from the close of business hours on April 11, 2026.
The details regarding the resignation are presented in a structured format:
| Sr. No | Particulars | Details |
|---|---|---|
| 1 | Reason for change viz. appointment, re-appointment, resignation, removal, death or otherwise | Resignation of Mr. Jigar Shah as Chief Financial Officer, due to Health Issue |
| 2 | Date of appointment /reappointment /cessation (as applicable) & term of appointment/re-appointment | Effective from close of business hours on April 11, 2026. |
| 3 | Brief profile (in case of appointment) | Not Applicable |
| 4 | Detailed Reasons for resignation as disclosed by the Directors/KMPs in their resignation letter | Mr. Jigar Shah has confirmed that there are no material reasons for his resignation other than those mentioned in His resignation letter. |
| 5 | Enclosure of resignation letter | Enclosed herewith as Annexure I |
| 6 | Name of listed entities in which resigning Independent Director holds Directorship/Board Committee Membership | Not Applicable |
The resignation letter confirming these details is enclosed as Annexure I, while the accompanying statement is detailed in Annexure II.
NIBE Stock Price Movement
On Friday, NIBE Limited shares edged higher, gaining 3.51% to close at ₹969.95. The stock moved on solid conviction, with 57,720 shares recorded in the trading volume.Source:
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