NIBE

Nibe Limited announced its unaudited financial results for the quarter ended June 30, 2025, alongside significant leadership changes. The company reported consolidated revenue from operations of Rs 8,249.92 lakhs and net profit after tax of Rs 104.26 lakhs for the quarter. On standalone basis, revenue from operations was Rs 8,119.01 lakhs with net profit after tax of Rs 389.03 lakhs. The board accepted the resignation of CEO Mr. Ranjan Choudhary effective August 12, 2025, due to internal reorganization within the group, and simultaneously appointed Mr. Prakash Khose as the new CEO. Mr. Khose is a Mechanical Engineer with 34 years of experience across automotive, aerospace, defence, and other sectors, having been involved in 14 acquisitions and 7 greenfield projects globally. The company also appointed new cost auditors M/s Dhananjay Laxman Gawade & Co. for FY 2025-26 and secretarial auditors M/s D Maurya & Associates for a five-year term from FY 2025-26 to FY 2029-30. Additionally, Nibe reported no deviation in the utilization of Rs 782.99 lakhs raised through convertible warrants in April 2025, with funds being used for capital expenditure and working capital needs as planned. The board deferred a proposal to raise additional funds through preferential issue due to current market volatility.

Nibe Limited has received purchase orders worth Rs. 26.67 crores from a leading Indian infrastructure and defense company. The contract involves manufacturing and supplying multiple defense structures including Turret Crew Access Door and Turret Ammunition Rack Access Door. The order will be executed and delivered in tranches by June 2026. The contract amount is inclusive of all taxes and duties, and the company confirmed that promoters have no interest in the entity awarding the order.

Aegis Investment Fund PCC acquired 70,758 shares of Nibe Limited through preferential allotment. The acquisition increased the fund's shareholding from 664,192 shares (4.58%) to 734,950 shares, representing 5.06% of the company's voting rights. The transaction was completed on August 8th, 2025. Nibe Limited is listed on NSE Limited, and Aegis Investment Fund PCC is not part of the promoter group.