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.

NIBE Limited has successfully concluded its 1st Extra Ordinary General Meeting (EGM) held on January 22, 2026, with shareholders unanimously approving key resolutions for capital raising through preferential allotment. The meeting was conducted through video conferencing from 03:00 P.M. to 03:27 P.M. IST, in compliance with MCA circulars and SEBI regulations.

Meeting Overview and Participation

The EGM witnessed significant shareholder participation with detailed voting statistics across different categories:

The remote e-voting facility was available from January 19, 2026 at 10:00 A.M. till January 21, 2026 at 5:00 P.M., with National Securities Depository Limited (NSDL) serving as the e-voting platform provider.

Resolution 1: Issue of Convertible Warrants on Preferential Basis

The first special resolution regarding the issue of convertible warrants on preferential basis received unanimous approval from all voting categories:

Resolution 2: Issue of Equity Shares on Preferential Basis

The second special resolution for issuing equity shares on preferential basis also achieved complete consensus among shareholders:

Scrutinizer's Report and Compliance

CS Dhirendra Maurya of D Maurya and Associates served as the appointed scrutinizer for the e-voting process. The scrutinizer's report dated January 23, 2026, confirmed that both special resolutions were passed with requisite majority. Key highlights from the scrutinizer's findings include:

• 37 members participated through remote e-voting
• 1 member cast votes during the EGM
• No invalid votes were recorded for either resolution
• Complete compliance with Companies Act, 2013 and SEBI regulations

Regulatory Compliance and Documentation

The company ensured full regulatory compliance by publishing advertisements in Business Standard (English) and Navrashtra (Marathi) on December 31, 2025. The EGM notice was made available on the company's website and stock exchange platforms. Voting results and the scrutinizer's report have been uploaded to the company's website at www.nibelimited.com and NSDL's e-voting portal for public access.

The unanimous approval of both resolutions demonstrates strong shareholder confidence in the company's capital raising initiatives through preferential allotment of convertible warrants and equity shares.