Mitshi India CFO Resigns In A Unique Way; Writes Resignation Letter On School Notebook Paper; Check Details

Mitshi India has caught everyone's attention after the company's CFO opted to resign from his post in a unique manner. We all have seen or experienced in our lives that in this digital age, we usually send our resignation to our immediate bosses via mail.

Away from all this, Rinku Niket Patel, Chief Financial Officer Mitshi India adopted a traditional or old-style method to put down his papers. Instead of writing a mail, Patel decided to resign on school notebook paper in a handwritten letter. This has come as a big surprise at a time most of our work is done on laptops or mobile phones and notebooks or papers have just faded away.

In an exchange filing on December 21, the company said that Rinku Niket Patel resigned from the post of Chief Financial Officer of the company due to personal reasons.

The company also enclosed Patel's letter which was written on school notebook paper in its official statement.

The company also said that it is in the process of identifying/appointing a new CFO and shall inform the Stock Exchanges once the position of CFO is filled up.

Mitshi India stock price:

The share price of Mitshi India Ltd was up 4.34% at Rs 23.30 per share at 3:17 pm IST. In the last six months, the stock has gained 8.66%, its YTD performance is up 14.09%, and the last one year returns from the stock have gained 13.80%. Mitshi India shares have gained 8.41% in the last two years.

About the company:

Mitshi India Limited (formerly Dera Paints and Chemicals Ltd) was founded in the year 1976, and incorporated in July 1990. The company is listed on BSE.

According to Bloomberg, Mitshi India is paints manufacturer. The company also produces paper, plastic, hardware, and metal products, and wholesales fruits and vegetables.