Nibe Limited has announced a significant corporate restructuring move through its subsidiary Nibe Defence and Aerospace Limited (NDAL), which has entered into a Share Purchase Agreement to divest its stake in Nibe Aeronautics Limited (NAL). The agreement was executed on March 30, 2026, marking a strategic disinvestment by the company.

Transaction Details

The share purchase agreement involves the sale of equity shares held by NDAL in Nibe Aeronautics Limited to Mr. Nibe Ganesh Ramesh, who is identified as a promoter of Nibe Limited. The transaction structure and key parameters are outlined below:

Financial Impact Assessment

The financial contribution of Nibe Aeronautics Limited to the parent company during the financial year ended March 31, 2025, demonstrates minimal operational impact:

The consideration received from the sale matches the original investment amount of Rs 1.52 crore, indicating the transaction is structured to recover the initial capital deployed.

Related Party Transaction Compliance

Given that the purchaser Mr. Nibe Ganesh Ramesh is a promoter of Nibe Limited, this transaction constitutes a related party transaction (RPT). However, the company has confirmed that the transaction is being conducted on an arm's length basis. The pricing and commercial terms have been determined through proper valuation processes and commercial negotiations to ensure fair dealing.

Corporate Structure Impact

Upon successful completion of this disinvestment, Nibe Aeronautics Limited will cease to be a subsidiary of Nibe Defence and Aerospace Limited and will no longer remain a step-down subsidiary of Nibe Limited. The completion of the transaction is subject to the fulfillment of certain conditions precedent as stipulated in the Share Purchase Agreement.

The company has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and regulatory authorities regarding this corporate restructuring initiative.

Nibe Limited has announced the appointment of Mr. Rajagopalan Madhavan as Additional Non-Executive Independent Director, effective March 25, 2026. The appointment was approved during a board meeting held on the same date and is subject to shareholder approval.

Board Meeting Outcome

The board of directors, based on the recommendation of the Nomination and Remuneration Committee, approved Mr. Madhavan's appointment for a five-year term. The decision was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 3.55 p.m. and concluded at 4.20 p.m. on March 25, 2026.

Director Profile and Qualifications

Mr. Rajagopalan Madhavan brings significant experience to the board with his distinguished background in the aerospace sector. He holds a Mechanical Engineering degree from NIT Raipur and completed his postgraduate M.Tech from IIT Madras. His professional background includes serving as Chairman and Managing Director of Hindustan Aeronautics Limited, bringing valuable leadership experience to Nibe Limited's board.

The company has confirmed that Mr. Madhavan has no inter-se relationship with other directors or Key Managerial Personnel of the company. Additionally, he is not debarred from holding the office of Director by any order from SEBI or other regulatory authorities.

Regulatory Compliance and Filing

The appointment follows all necessary regulatory procedures and disclosures as per SEBI Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The company has filed the necessary intimation with both BSE Limited (Scrip Code: 535136) and National Stock Exchange of India Limited (Symbol: NIBE), ensuring full compliance with listing regulations and disclosure requirements.

All required information has been made available on the company's website at www.nibelimited.com . The formal communication was signed by Komal Bhagat, Company Secretary & Compliance Officer (Membership No.: A49751), confirming the completion of all regulatory formalities for the directorial appointment.