Nibe Ordnance and Maritime Limited Completes Q3FY26 Results Publication

2 min read     Updated on 13 Feb 2026, 12:34 PM
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Overview

Nibe Ordnance and Maritime Limited completed regulatory publication of Q3FY26 results showing consolidated revenue of ₹3,874.71 lakhs and net profit of ₹87.74 lakhs, though standalone operations faced challenges with net losses of ₹88.68 lakhs for the quarter.

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Nibe Ordnance & Maritime Limited (formerly known as Anshuni Commercials Limited) has completed the publication of its unaudited financial results for the quarter and nine months ended December 31, 2025, in compliance with regulatory requirements. The company published its results in Business Standard (English) and Mumbai Lakshadeep (Marathi) newspapers dated February 13, 2026.

Regulatory Compliance and Publication

Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted copies of newspaper publications to BSE Limited on February 13, 2026. The Board of Directors had previously approved these results during their meeting held on February 11, 2026. Company Secretary and Compliance Officer Mukesh Ranga (Membership No: A30560) digitally signed the regulatory filing.

Consolidated Financial Performance

The company's consolidated operations demonstrated significant revenue growth during the quarter, marking a substantial transformation in operational scale.

Metric: Q3FY26 Q3FY25 Change
Revenue from Operations: ₹3,874.71 lakhs Nil New revenue stream
Total Income: ₹3,883.29 lakhs ₹183.27 lakhs Substantial increase
Net Profit: ₹87.74 lakhs ₹66.56 lakhs +31.80%
Earnings Per Share: ₹0.45 ₹5.55 Decline

For the nine months ended December 31, 2025, consolidated revenue from operations reached ₹3,874.71 lakhs compared to ₹16.07 lakhs in the corresponding period of the previous year. However, the company reported a net loss of ₹145.09 lakhs for the nine-month period compared to a profit of ₹77.51 lakhs in the previous year.

Standalone Operations Analysis

The standalone financial performance presented operational challenges at the parent company level.

Parameter: Q3FY26 Q3FY25 Nine Months FY26 Nine Months FY25
Total Income: ₹32.15 lakhs ₹0.07 lakhs ₹221.78 lakhs ₹71.31 lakhs
Net Loss: ₹88.68 lakhs ₹23.26 lakhs ₹123.17 lakhs Profit ₹3.18 lakhs
EPS: ₹(5.79) ₹(1.94) ₹(8.04) ₹0.27

Corporate Structure and Capital

The consolidated results include subsidiaries Nibe Maritime Private Limited, Global Munition Limited, Globe Forge Limited, Global Explosives Limited, and joint venture Global Premier Limited. The company's paid-up equity share capital remained at ₹153.14 lakhs as of December 31, 2025, representing an increase from ₹120.00 lakhs in the corresponding period of the previous year.

Auditor Review and Compliance

Kailash Chand Jain & Co., Chartered Accountants (Firm Registration No.: 112318W), conducted a limited review of both consolidated and standalone results. Partner Saurabh Chouhan (Membership No.: 167453) signed the review reports, expressing an unmodified opinion and confirming compliance with SEBI listing regulations. The complete financial results are available on the company's website at www.anshuni.com and BSE's website.

Historical Stock Returns for Nibe Ordnance & Maritime

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NIBE Ordnance and Maritime Limited Announces Board Changes with New Executive Director Appointment

2 min read     Updated on 11 Feb 2026, 07:25 PM
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Reviewed by
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Overview

NIBE Ordnance and Maritime Limited announced board changes on February 11, 2026, appointing Mr. Ravi Kant as Additional Executive Director for 3 consecutive years effective February 12, 2026. Mr. Ravi Kant brings over 3 decades of ammunition production experience and previously served as Chairman & Managing Director of Munitions India Limited. Concurrently, Whole-time Director Mr. Mahesh Panwar resigned effective February 11, 2026, citing personal reasons and pre-occupancy. The changes comply with SEBI regulations and are subject to member approval.

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*this image is generated using AI for illustrative purposes only.

Nibe ordnance & maritime Limited has announced key board changes following a meeting held on February 11, 2026. The company has appointed a new Executive Director while accepting the resignation of its Whole-time Director, marking significant leadership transitions within the organization.

Board Appointment Details

The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, approved the appointment of Mr. Ravi Kant as Additional Director. The appointment details are structured as follows:

Parameter: Details
Name: Mr. Ravi Kant
DIN: 09283919
Position: Additional Director (Executive Director)
Effective Date: February 12, 2026
Term Duration: 3 consecutive years
Status: Liable to retire by rotation
Approval Required: Subject to member approval under Regulation 17(1C)

Executive Profile and Experience

Mr. Ravi Kant brings extensive expertise to the organization with over 3 decades of experience in ammunition production within Indian Ordnance Factories. His educational background includes a Master of Technology in Production Engineering from IIT Roorkee.

Key highlights of his professional experience include:

  • Played a vital role in establishing Munitions India Limited (MIL) as its first Chairman & Managing Director
  • Served as Secretary of Board and Joint Secretary at the Ministry of Defence
  • Led Ordnance Factory Khamaria, recognized as India's largest Ammunition Factory
  • Currently serves as Director in multiple company subsidiaries: Global Munition Limited, Globe Forge Limited, and Global Explosives Limited

Director Resignation

Simultaneously, the company accepted the resignation of Mr. Mahesh Panwar from his position as Whole-time Director. The resignation details are outlined below:

Parameter: Details
Name: Mr. Mahesh Panwar
DIN: 06702073
Position: Whole-time Director
Effective Date: February 11, 2026 (close of business hours)
Reason: Personal reasons and pre-occupancy
Additional Impact: Stepping down from Stakeholders Relationship Committee

Mr. Panwar confirmed in his resignation letter that his decision was entirely personal, with no other material reasons contributing to his departure. He expressed gratitude to the Board Members for their support during his tenure.

Regulatory Compliance

The company has fulfilled all regulatory requirements under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The board meeting commenced at 04:36 p.m. and concluded at 05:00 p.m. on February 11, 2026.

The company confirmed that Mr. Ravi Kant is not debarred from holding the office of Director by virtue of any SEBI order or any other regulatory authority. All necessary disclosures have been submitted to BSE Limited and made available on the company website at www.anshuni.com .

Historical Stock Returns for Nibe Ordnance & Maritime

1 Day5 Days1 Month6 Months1 Year5 Years
-100.00%0.0%+47.15%+47.15%+322.18%-32.97%
Nibe Ordnance & Maritime
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1 Year Returns:+322.18%