NIBE Ltd

NIBE Ltd has announced its 21st Annual General Meeting (AGM) will be held on Tuesday, September 29, 2026, via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The company has set September 22, 2026, as the cut-off date for determining voting eligibility. Remote e-voting will be open from September 26 to September 28, 2026. The Register of Members and Share Transfer Books will be closed from September 23 to September 29, 2026, for the AGM and potential dividend payment for FY 2025-26.

NIBE Ltd has announced the record date for determining shareholder eligibility for dividend payment for the financial year 2025-26. The 21st Annual General Meeting (AGM) is scheduled for Tuesday, September 29, 2026, to be held via Video Conferencing. The cut-off date for voting eligibility is September 22, 2026. The e-voting period will be from September 26 to September 28, 2026. The company's Register of Members and Share Transfer Books will be closed from September 23 to September 29, 2026, for the AGM and dividend payment, if declared. Dividend payments, subject to tax, will be made within 30 days post-AGM.

Nibe Limited announced that its subsidiary, Nibe Space Private Limited, has received a Letter of Award from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) for a project valued at ₹12,14,85,476 (exclusive of GST). The project involves GIS Survey, Mapping & Data Preparation of MSEDCL's distribution network across Pune and Konkan regions. The execution period for this contract is within 42 months, delivered in tranches. This award signifies a significant business development for the subsidiary and contributes to the company's ongoing projects in the infrastructure and utility sector.

NIBE Ltd has announced a significant supply contract with the Indian Army, Ministry of Defence, Government of India. The contract is for the manufacturing and supply of thirty (30) Sets of Loiter Munition System, including three hundred (300) Loiter Munitions and associated testing equipment. The total consideration for this order is ₹563.35 crore, inclusive of all taxes and duties. The order falls under the 'Buy (Indian)' category, emphasizing domestic manufacturing. Execution and delivery of the order are scheduled to occur in tranches within 12 months from the release of advance payment post-contract signing. This contract represents a substantial business win for NIBE Ltd in the defence sector.

NIBE Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by Crisil Ratings Limited. The report pertains to the utilization of proceeds from a Preferential Issue (PI) conducted between February 20, 2026, and March 06, 2026, which raised ₹251.85 crore. Crisil Ratings confirms that the utilization of funds is in line with the objects disclosed in the offer document and no material deviations were noted. The report also states that there has been no change in the means of finance for the disclosed objects. Crisil Ratings acts as the monitoring agency as per SEBI regulations.

NIBE Ltd announced the appointment of Mr. Ganesh Ramesh Nibe as the Chief Executive Officer (CEO) of the company, effective August 14, 2026. Mr. Nibe currently holds the position of Managing Director and CEO. The Board of Directors also approved the Un-Audited Financial Results for the quarter ended June 30, 2026, and appointed BDO India Services Private Limited as Internal Auditors and M/s Dhananjay Laxman Gawade & Co. as Cost Auditors for FY 2026-27. The board meeting was held on August 14, 2026.

NIBE Ltd announced the appointment of M/s. BDO India Services Private Limited as the Internal Auditors for the Financial Year 2026-27. This decision was approved by the Board of Directors based on the recommendation of the Audit Committee. The board meeting also approved the Un-Audited Financial Results for the quarter ended June 30, 2026, and the appointment of Mr. Ganesh Ramesh Nibe as Chief Executive Officer (CEO) with effect from August 14, 2026. Additionally, M/s Dhananjay Laxman Gawade & Co. was re-appointed as Cost Auditors for FY 2026-27.

NIBE Ltd announced the appointment of M/s Dhananjay Laxman Gawade & Co. as Cost Auditors for the Financial Year 2026-27. This decision was approved by the Board of Directors during their meeting held on August 14, 2026, based on the recommendation of the Audit Committee. The company also approved Un-Audited Financial Results for the quarter ended June 30, 2026, and appointed M/s. BDO India Services Private Limited as Internal Auditors. Additionally, Mr. Ganesh Ramesh Nibe was re-appointed as CEO. The filing complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NIBE Ltd announced its unaudited financial results for the quarter ended June 30, 2026, both on a standalone and consolidated basis. The Board of Directors approved these results following a recommendation from the Audit Committee. The company also announced the appointment of Mr. Ganesh Ramesh Nibe as Chief Executive Officer (CEO) effective August 14, 2026, noting he currently holds the position of Managing Director and CEO. Additionally, M/s. BDO India Services Private Limited was appointed as Internal Auditors for FY 2026-27, and M/s Dhananjay Laxman Gawade & Co. was re-appointed as Cost Auditors for the same financial year. The financial results and auditor reports are available on the company's website.

NIBE Ltd has reported no deviation or variation in the utilization of funds raised through a Preferential Allotment on June 08, 2026. The funds, amounting to ₹1,346,689,000, were raised for setting up new facilities, repayment of existing borrowing, and augmenting working capital. While most allocations are in line with original plans, there's a significant unutilized amount of ₹2,53,008 lying in the current account as of June 30, 2026. Additionally, 75% of the warrant subscription is pending for 1,242,000 warrants.