Nibe Limited has announced the commencement of a remote e-voting process for a special business resolution regarding the appointment of a director. The company has issued a postal ballot notice pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Sections 108 and 110 of the Companies Act, 2013.

The special business seeks approval for the appointment of Mr. Rajagopalan Madhavan (DIN: 08209860) as an Independent Director of the Company. Mr. Madhavan was initially appointed as an Additional Director in the capacity of Non-Executive Independent Director by the Board of Directors effective March 25, 2026. The resolution proposes that he hold office for a term of five consecutive years from the date of appointment and that he shall not be liable to retire by rotation.

E-Voting Schedule and Eligibility

The company has engaged the services of National Securities Depository Limited (NSDL) to provide the remote e-voting facility. The voting period is strictly defined, and members must cast their votes within this window to ensure their participation is recorded.

Members holding Equity Shares as on the cut-off date are entitled to vote. The e-voting module will be disabled by NSDL after the conclusion of the voting period. The results of the postal ballot are expected to be declared within two working days from the conclusion of the remote e-voting period.

Scrutinizer Appointment

The Board of Directors has appointed Mr. Gaurav Thakur, Proprietor of M/s. Gaurav Thakur & Co., a Practising Cost Accountant, as the Scrutinizer. He will oversee the postal ballot process to ensure it is conducted in a fair and transparent manner. The Scrutinizer will submit a report to the Chairperson upon completion of the scrutiny.

Notice Availability

In compliance with relevant circulars issued by the Ministry of Corporate Affairs, the postal ballot notice is being sent only through electronic mode. Physical copies are not being dispatched. The notice is available on the company's website at www.nibelimited.com . Members who have not registered their email addresses are advised to do so to receive future communications and participate in e-voting.

NIBE Limited has announced the successful test-firing of its SURYASTRA Universal Rocket Launcher System, marking a significant milestone in the company's defence manufacturing capabilities. The trials were conducted at the Integrated Test Range (ITR) in Chandipur, Odisha, on May 18 and May 19, 2026.

SURYASTRA Universal Rocket Launcher System Test-Firing

The successful test-firing represents a key achievement for NIBE Limited in the defence sector. The company had received a purchase order in January 2026 under the Emergency Procurement of the Indian Army for the supply of the SURYASTRA Universal Rocket Launcher and rockets of 150 km and 300 km range. The completion of this test underscores the company's progress in developing and validating advanced defence systems.

The trials have validated SURYASTRA’s long-range precision strike capability. The rockets achieved exceptional precision across all ranges, with a Circular Error Probable (CEP) of 1.5 meters for the 150 km range and 2 meters for the 300 km range. This accomplishment highlights NIBE Limited's focus on indigenous defence technology and its efforts to strengthen its position within India's growing defence manufacturing ecosystem.