NIBE Limited has completed a significant capital raising exercise through preferential allotment, mobilizing ₹104.48 crore from a combination of convertible warrants and equity shares. The allotment was approved by the Board of Directors on March 05, 2026, marking the culmination of a process that began with Board and shareholder approvals in December 2025 and January 2026.

Convertible Warrants Allotment Details

The company successfully allotted 15,62,000 convertible warrants at an issue price of ₹1258 per warrant, including a premium of ₹1248. The warrants were issued with a face value of ₹10 each, with allottees paying an upfront amount of ₹314.50 per warrant, representing 25% of the total issue price.

The warrants are convertible into fully paid-up equity shares within 18 months from the allotment date. Upon conversion, warrant holders will need to pay the remaining ₹943.50 per warrant, representing 75% of the issue price.

Equity Shares Allotment

Simultaneously, NIBE Limited allotted 4,40,000 equity shares on a preferential basis at ₹1258 per share, including a premium of ₹1248 per equity share. This allotment raised ₹55,35,20,000 for the company.

Allottee Distribution

The warrant allotment was distributed between promoter and non-promoter categories. Nibe Ganesh Ramesh, classified as a promoter, received 10,01,500 warrants for ₹31,49,71,750. The remaining 5,60,500 warrants were allotted to Eminence Global Fund PCC - Eubilia Capital Partners Fund I, a non-promoter entity, for ₹17,62,77,250.

For equity shares, both allottees were non-promoter investors:

• Venus Investments VCC - Venus Stellar Fund: 2,32,000 shares for ₹29,18,56,000
• North Star Opportunities Fund VCC - Bull Value Incorporated VCC Sub-Fund: 2,08,000 shares for ₹26,16,64,000

Impact on Share Capital

Following the allotment, the company's issued, subscribed and paid-up equity share capital increased from ₹14,50,12,730 to ₹14,94,12,730. This increase of ₹44,00,000 reflects the immediate impact of the 4,40,000 newly allotted equity shares with a face value of ₹10 each.

Regulatory Compliance

The allotment was conducted in compliance with SEBI regulations, having received in-principle approval from both BSE Limited and National Stock Exchange of India Limited on February 19, 2026. The company has indicated it will apply to stock exchanges for listing and trading approval for the newly allotted equity shares in due course.

Nibe Limited has completed a strategic acquisition to strengthen its control over its naval equipment subsidiary, acquiring an additional 48.95% stake in Nibe Meson Naval Limited for Rs. 4.89 lakh.

Acquisition Details

The company announced the completion of acquiring 48,950 equity shares representing 48.95% of Nibe Meson Naval Limited through a cash transaction. This acquisition increases Nibe Limited's total shareholding in the subsidiary from 51% to 99.95%, providing substantial management control and strategic decision-making flexibility.

Target Company Profile

Nibe Meson Naval Limited operates in the specialized field of fluid control equipment manufacturing. The company focuses on manufacturing, assembling, and supplying comprehensive equipment and systems for controlling and managing fluids.

Business Operations

The target company's core business activities include:

• Manufacturing valves, actuators, and remote-control systems
• Supplying piping, pumps, and related fluid control components
• Providing installation and maintenance services
• Serving the fluid control equipment manufacturing industry

Strategic Rationale

The acquisition represents a strategic move by Nibe Limited to consolidate its position in the fluid control equipment sector. Previously holding a 51% stake, the company has now secured near-complete ownership to enhance operational control and strategic flexibility in decision-making processes.

Regulatory Compliance

The transaction was completed without requiring any governmental or regulatory approvals. The acquisition does not fall within related party transactions, and the company has fulfilled all disclosure requirements under Regulation 30 of SEBI Listing Regulations.

This acquisition strengthens Nibe Limited's portfolio in the specialized naval and fluid control equipment manufacturing segment, positioning the company for enhanced operational synergies and strategic control over its subsidiary operations.