NIBE Limited has issued a corrigendum to its December 23, 2025 board meeting outcome, correcting a typographical error in the issue price for its preferential allotment of equity shares and warrants. The company clarified that the correct issue price is ₹1,258 per security instead of the previously announced ₹1,248, resulting in a revised total fund raising amount of ₹251.85 crores.

Corrected Fund Raising Structure

The revised securities issuance structure reflects the corrected pricing:

The equity shares carry a face value of ₹10.00 each with a premium of ₹1,248.00 per share. The equity warrants are fully convertible into equivalent equity shares within 18 months from the date of allotment.

Revised Allotment Details

The preferential issue allocation among four identified investors has been updated with corrected amounts:

Regulatory Compliance and Pricing

The corrected issue price of ₹1,258.00 per security has been determined in accordance with Regulation 164 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company emphasized that except for the inadvertent typographical error in the issue price and resultant total issue amount, all other disclosures and information provided earlier remain unchanged.

Capital Structure Impact

Upon complete allotment of equity shares and conversion of all warrants, the company's paid-up equity share capital will increase from ₹14.50 crores to ₹16.50 crores. The new securities will rank pari passu with existing equity shares in all respects. The Extra-Ordinary General Meeting remains scheduled for January 22, 2026, to be conducted through video conferencing for shareholder approval.

NIBE , a prominent player in the manufacturing sector, has recently clinched a significant defense contract, marking a notable development in the company's business operations. The company has received a purchase order worth Rs. 28.08 crore from a leading infrastructure and defense company, showcasing its growing presence in the defense manufacturing sector.

Contract Details

The contract specifics are as follows:

Significance of the Order

This order represents a substantial opportunity for Nibe Limited to strengthen its position in the defense manufacturing sector. The contract's long-term nature, extending until June 2028, suggests a steady stream of business for the company over the next few years.

Company's Disclosure

In compliance with regulatory requirements, Nibe Limited has formally disclosed this development to the stock exchanges. The company's announcement, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, underscores the significance of this contract in terms of its potential impact on the company's financial performance.

Market Implications

This contract could potentially boost the company's order book and revenue streams in the coming years. It also highlights Nibe Limited's capabilities in manufacturing critical defense components, which could lead to more opportunities in this sector.

The defense manufacturing sector in India has been gaining momentum, aligning with the government's push for 'Make in India' in defense production. Nibe Limited's success in securing this contract may position it favorably for future defense-related orders.

As the contract unfolds, investors and market analysts will likely keep a close watch on Nibe Limited's execution capabilities and the potential for similar contracts in the future.