NIBE Ltd Announces Resignation of Chief Executive Officer
Nibe Limited has announced the resignation of Mr. Prakash Hari Khose from the post of Chief Executive Officer (CEO) and Key Managerial Personnel. The transition is effective from the close of business hours on June 25, 2026.Mr. Khose tendered his resignation due to personal reasons, stating that he was unable to continue in his current role. In his letter, he expressed gratitude for the guidance and support provided by the Board of Directors and senior management during his tenure with the company.
The particulars regarding the change in key managerial personnel have been disclosed:
| Particulars | Details |
|---|---|
| Executive Resigned | Mr. Prakash Hari Khose |
| Role | Chief Executive Officer (CEO) |
| Reason for Change | Resignation due to personal reason |
| Date of Cessation | June 25, 2026 |
Mr. Khose confirmed that there were no material reasons for his resignation beyond those mentioned in his formal resignation letter.
NIBE Stock Price Movement
NIBE Limited shares slipped on Thursday, shedding ₹16.50 or 0.97% from the previous close and settling at ₹1656.2. The stock saw a volume of 114,661 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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