Nibe Limited has announced the resignation of its Chief Financial Officer, Mr. Jigar Shah, effective from the close of business hours on April 11, 2026. The resignation was communicated to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resignation Details and Timeline

The company filed the intimation on April 11, 2026, confirming Shah's departure from his position as CFO and Key Managerial Personnel. The resignation letter, dated April 15, 2026, was addressed to the Chairman and Managing Director, citing health grounds as the primary reason for his immediate departure.

Regulatory Compliance and Documentation

NIBE Limited has submitted comprehensive documentation to fulfill regulatory requirements. The company provided details as mandated under Schedule III of SEBI regulations, along with compliance to SEBI Circular No. HO/49/14/14(7)2025-CFDP0D2/1/3762/2026 dated January 30, 2026.

Leadership Acknowledgment

In his resignation letter addressed to Chairman and Managing Director Ganesh Nibe, Shah expressed appreciation for the opportunity to serve the company, stating he served "with utmost sincerity and to the best of my ability." He acknowledged the Chairman and Managing Director as "an inspiration" and extended wishes for the company's continued success and future milestones.

Corporate Communication

The resignation announcement was signed by Komal Bhagat, Company Secretary and Compliance Officer (Membership Number: A49751), and digitally authenticated on April 11, 2026. The information has been made available on the company's official website at www.nibelimited.com , ensuring transparency for stakeholders and investors. The filing includes proper digital signatures from both the Company Secretary and Chairman Ganesh Ramesh Nibe for authentication purposes.

NIBE Limited has filed a non-applicability certificate with stock exchanges under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The regulatory filing demonstrates the company's continued compliance with depositories regulations and confirms the complete dematerialization status of its shareholding.

Regulatory Compliance Filing

The company submitted the certificate to both BSE Limited and National Stock Exchange of India Limited on April 10, 2026, in compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Komal Bhagat signed the submission, ensuring adherence to regulatory timelines.

Certificate Confirmation

Bigshare Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the non-applicability certificate dated April 08, 2026. The certificate confirms that Regulation 74(5) does not apply to NIBE Limited due to specific shareholding characteristics during the quarter.

Shareholding Status

The certificate establishes that the entire shareholding of NIBE Limited remains in dematerialized form. This complete demat status eliminates the need for compliance with certain depositories regulations that apply to companies with physical share certificates.

Key findings from the quarter include:

• Complete shareholding maintained in demat form
• No rematerialisation requests received from shareholders
• No dematerialization requests processed during the period
• Full compliance with depositories regulations maintained

Regulatory Framework

The filing falls under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, which replaced the earlier Regulation 54 of SEBI (Depository and Participant) Regulations, 1996. This regulation requires companies to submit certificates regarding their compliance with depositories norms on a quarterly basis.

The non-applicability status reflects NIBE Limited's complete transition to electronic shareholding, eliminating the administrative requirements associated with physical share certificate management. This status supports efficient share transfer processes and reduces operational complexities for both the company and its shareholders.