Global Defence Industries has scheduled its 41st Annual General Meeting (AGM) for Tuesday, September 29, 2026. The event will be conducted through Video Conferencing or Other Audio-Visual Means in compliance with SEBI and Ministry of Corporate Affairs regulations.

The company, formerly known as Nibe Ordnance and Maritime Limited, will hold the meeting at 11:00 am. Shareholders holding shares as on the cut-off date of Tuesday, September 22, 2026, are eligible to vote. The e-voting window opens on Saturday, September 26, at 9:00 am and closes on Monday, September 28, at 5:00 pm.

Key Dates and Timelines

The following dates are critical for shareholder participation and voting eligibility:

Participation and Documentation

The Notice of AGM and the Annual Report for FY26 will be sent electronically only to shareholders who have registered their email addresses with the company, its Registrar and Share Transfer Agent, or their Depository Participants. These documents will also be uploaded on the BSE website and the company’s official site.

Members attending the AGM via VC/OAVM will be counted toward the quorum under Section 103 of the Companies Act, 2013. Detailed instructions for accessing the virtual facility will be provided in the AGM notice.

Global Defence Industries Limited reported a consolidated net loss of ₹571.10 crore for the financial year ended March 31, 2026, a significant decline from the net profit of ₹114.40 crore recorded in the previous year. Revenue from operations surged to ₹4,279.39 crore in FY26 from ₹16.07 crore in FY25, driven by business expansion. The company's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026.

The statutory auditors, Kailash Chand Jain & Co., issued an audit report with an unmodified opinion on the financial results. However, the auditors included an emphasis of matter paragraph regarding Nibe Maritime Private Limited, a subsidiary, which reported a negative net worth of ₹83.22 lakh and current liabilities exceeding current assets as of March 31, 2026. The financial statements of this subsidiary have been prepared on a going concern basis based on management's assessment of future business prospects and expected financial support from promoters.

For the quarter ended March 31, 2026, the company reported a consolidated net loss of ₹426.01 crore. Total income for the quarter stood at ₹407.12 crore, while total expenses were ₹949.57 crore. On a standalone basis, the company reported a net loss of ₹164.18 crore for FY26, compared to a net profit of ₹11.30 crore in the previous year. Standalone revenue from operations for FY26 was ₹375.00 crore.

Consolidated Financial Results (FY26)

The board meeting commenced at 05:15 p.m. and concluded at 06:45 p.m. on May 27, 2026. The trading window for dealing in the company's securities, which was closed from April 01, 2026, will reopen 48 hours after the announcement of the financial results.