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:

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:

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 .

Nibe Ordnance & Maritime Limited (formerly known as Anshuni Commercials Limited) announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results during their meeting held on February 11, 2026, which commenced at 04:36 p.m. and concluded at 05:00 p.m.

Regulatory Compliance and Board Meeting

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted its quarterly results to BSE Limited. The results were approved by the Board of Directors and are available on the company's website at www.anshuni.com . Company Secretary and Compliance Officer Mukesh Ranga (Membership No: A30560) signed the regulatory filing.

Consolidated Financial Performance

The company's consolidated operations demonstrated significant revenue growth during the quarter. The consolidated financial results showed marked improvement in operational scale compared to the previous year.

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

The standalone financial performance presented challenges, with the company facing operational difficulties at the parent level.

Expense Analysis

The consolidated results showed total expenses of ₹3,673.67 lakhs in Q3FY26, with purchases of stock-in-trade being the largest component at ₹3,173.84 lakhs. Employee benefits expenses increased to ₹63.40 lakhs from ₹38.72 lakhs in the previous year quarter.

Corporate Structure and Subsidiaries

The consolidated results include the following entities:

Capital Structure and Auditor's Review

The company's paid-up equity share capital remained at ₹153.14 lakhs as of December 31, 2025, with shares having a face value of ₹10 each. This represents an increase from ₹120.00 lakhs in the corresponding period of the previous year.

Kailash Chand Jain & Co., Chartered Accountants (Firm Registration No.: 112318W), conducted a limited review of both consolidated and standalone results and expressed an unmodified opinion. Partner Saurabh Chouhan (Membership No.: 167453) signed the review reports, confirming that nothing came to their attention that would suggest the financial statements contain material misstatements or fail to comply with SEBI listing regulations.