News Stocks NIBE Ordnance and Maritime Limited Announces Board Changes with New Executive Director AppointmentNIBE Ordnance and Maritime Limited Announces Board Changes with New Executive Director Appointment
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.
*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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | 0.0% | +47.15% | +47.15% | +322.18% | -32.97% |
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