Nitco, a prominent tiles and marble manufacturer based in Mumbai, experienced a 4.61% increase in its share price, reaching ₹105.32, after investor Mathew Cyriac acquired a 0.83% stake in the company on May 6, 2026. Cyriac purchased 20 lakh shares at ₹95.05 per share, while Rashi Fincorp sold 23 lakh shares at ₹95.09 per share. This acquisition marks Cyriac's entry into Nitco's shareholding, as his name was not listed in the company's shareholding pattern for the quarter ending March 2026. As of that date, the promoters held 20.17% of the company, with Authum Investment and Infrastructure holding 46.77% among public shareholders. Mathew Cyriac is the executive chairman of Florintree Advisors, a private equity firm investing in various sectors in India. Previously, he held significant positions at Blackstone India, Tata Motors, and Bank of America. In terms of financial performance, Nitco reported a net loss of ₹11.90 crore for Q3 December 2025, a significant improvement from a net loss of ₹660.18 crore in the same quarter the previous year, while net sales rose 54.66% year-on-year to ₹130.30 crore.