NIBE Ltd

NIBE Ltd has announced the closure of its trading window for all directors, promoters, designated persons, and connected persons. This closure is in accordance with the company's Code of Conduct for Prevention of Insider Trading. The window will be shut from July 1, 2026, and will reopen 48 hours after the announcement of the un-audited financial results for the quarter ending June 30, 2026. During this period, trading in the company's securities is strictly prohibited for these individuals.

NIBE Ltd has announced the resignation of Mr. Prakash Hari Khose from his position as Chief Executive Officer and Key Managerial Personnel. The resignation is effective from the close of business hours on June 25, 2026. The company has stated that the resignation is due to personal reasons. Further details as required by SEBI regulations are enclosed, including the resignation letter. The information is also available on the company's website.

NIBE Ltd has announced the closure of its trading window for all directors, promoters, designated persons, and connected persons. This closure is in accordance with the company's Code of Conduct for Prevention of Insider Trading. The trading window will be shut from July 1, 2026, and will reopen 48 hours after the announcement of the un-audited financial results for the quarter ending June 30, 2026. During this period, trading in the company's securities is strictly prohibited for these individuals.

Nibe Limited announced the appointment of Mr. Rajagopalan Madhavan as an Independent Director, effective March 25, 2026, for a term of five years. This appointment was approved by the company's members via special resolution following a postal ballot. Mr. Madhavan, a Mechanical Engineer with an M. Tech from IIT Madras and former CMD of Hindustan Aeronautics Limited, is not related to any existing directors and has no disqualifications from SEBI or other authorities. His appointment aligns with SEBI Listing Regulations.

Nibe Limited successfully demonstrated its Garudastra, a Long Range 120mm Vehicle Mounted Mortar and Bomb System, to the Indian Army. The demonstration highlighted rapid shoot-and-scoot capabilities, high-rate of fire, Multiple Rounds Simultaneous Impact (MRSI), and precision engagement using GPS and Laser Guidance. The system achieved a direct hit on a 3m x 3m target from long range. This showcase aligns with the 'Atmanirbhar Bharat' vision, positioning Garudastra as a next-generation firepower solution for modern combat operations.

Nibe Limited has issued a strong rebuttal to an article published by Bharat Shakti on June 15, 2026, titled "Time to stop Mockery of Atmanirbharta in Defence." The company refutes allegations that its 'Suryastra' Rocket Launcher Systems are merely "screwdriver assembly" and that the fast-track procurement process was flawed. Nibe clarifies that its phased indigenization strategy, leveraging global partnerships, is part of a genuine commitment to Aatmanirbharta, supported by its new defence manufacturing complex. The company also confirmed that the ₹293 crore contract was secured under the Emergency Procurement framework and that the Suryastra system successfully passed rigorous technical trials in May 2026, achieving excellent precision metrics for both its 150 km and 300 km variants. Nibe Limited is issuing a formal notice to the publication demanding a correction.

NIBE Ltd announced the allotment of 3,20,000 equity shares of face value Rs. 10 each at an issue price of Rs. 1258 per share to Eminence Global Fund PCC – Eubilia Capital Partners Fund I. This allotment is a result of the conversion of 3,20,000 warrants, representing 75% of the subscription money received. The issuance was done on a preferential basis. This conversion increases the company's paid-up equity share capital from Rs. 14,94,12,730 to Rs. 15,26,12,730, comprising 1,52,61,273 equity shares. The newly allotted shares will rank pari-passu with existing equity shares.

Nibe Defence and Aerospace Limited, a subsidiary of Nibe Limited, has received a lifetime license from the Department for Promotion of Industry and Internal Trade (DPIIT) for the manufacturing and proof testing of firearms and ammunition. This license, granted under the Arms Act, 1959, and associated rules, significantly expands the company's capabilities within the defense manufacturing sector, particularly for Arms of Caliber above 12.7 MM. The approval reinforces Nibe Limited's commitment to developing advanced technologies and precision-engineered systems in the defense domain.

Nibe Limited's Board of Directors, in a meeting held on May 29, 2026, recommended a final dividend of ₹1.30 per equity share for the financial year ended March 31, 2026. The dividend is subject to the approval of the members at the upcoming Annual General Meeting (AGM) and will be paid within 30 days of AGM approval. The board also approved the audited standalone and consolidated financial statements for FY26.

NIBE Ltd reports no deviation or variation in the utilization of funds raised through preferential allotment on March 5, 2026, for the quarter ended March 31, 2026. The funds were allocated for capital expenditure, repayment of existing borrowing, and augmenting working capital needs. As of March 31, 2026, an unutilized amount of ₹6,37,03,097 remains in the company's current account.