Nibe Ordnance & Maritime Limited has issued a corrigendum to its Extraordinary General Meeting notice, providing updated information to shareholders regarding the company's proposed name change and compliance requirements. The corrigendum addresses specific modifications to the original EGM notice dated December 30, 2025.

Meeting Details and Timeline

The company had originally dispatched the EGM notice to shareholders on January 06, 2026, for a meeting scheduled on January 30, 2026, at 03:00 P.M. through Video Conferencing and Other Audio-Visual Means. The corrigendum, issued on January 23, 2026, provides clarifications and additional information that shareholders need to consider before the meeting.

Key Updates in Corrigendum

The corrigendum introduces two significant modifications to the original EGM notice. The first update clarifies the approval process for the proposed name change, while the second addresses regulatory compliance requirements.

Name Change Approval Details

The explanatory statement has been updated to reflect that the Board of Directors approved the name change from "Nibe Ordnance and Maritime Limited" to "Global Defence Industries Limited" on December 30, 2025. The proposed name has received approval from the Central Registration Centre, Registrar of Companies, through an approval letter dated November 20, 2025, read with January 21, 2026.

Compliance Certification

The corrigendum adds information regarding compliance with Regulation 45 of the Listing Regulations. The company has obtained a certificate from M/s. DAPNS & Co., Practicing Chartered Accountants, confirming compliance with the applicable regulations. This certificate is included as Annexure A in the updated documentation.

Regulatory Compliance Certificate

DAPNS & Co., Chartered Accountants, has provided certification regarding the company's compliance with SEBI Listing Regulations for the name change process. The certificate, dated January 02, 2026, confirms specific compliance requirements have been met.

Document Availability and Access

The corrigendum and related documents are available through multiple channels for shareholder access. The company has ensured wide distribution of the updated information to maintain transparency and compliance with disclosure requirements.

Shareholders can access the corrigendum through:

• Company website at www.anshuni.com
• National Securities Depository Limited at www.evoting.nsdl.com
• BSE Limited at www.bseindia.com

The company has emphasized that except for the details mentioned in the corrigendum, all other aspects of the original EGM notice dated December 30, 2025, remain unchanged. The corrigendum must be read in conjunction with the original notice to understand the complete scope of matters to be discussed at the meeting.

Nibe Ordnance & Maritime Limited (formerly known as Anshuni Commercials Limited) has reported a significant financial setback in its latest quarterly results. The company, which operates in the ordnance and maritime sectors, disclosed a consolidated net loss of Rs 226.84 crore for the quarter ended September 30, 2025, marking a substantial decline from the profit of Rs 22.67 lakh recorded in the same quarter of the previous year.

Financial Performance

The company's financial performance for the quarter and half-year period paints a challenging picture:

*All figures in Rs crore

The stark contrast between the company's income and expenses in the quarter highlights the financial challenges faced by Nibe Ordnance & Maritime.

Subsidiary Funding

Despite the parent company's losses, its subsidiaries have managed to secure significant funding:

• Globe Forge Limited raised Rs 15.88 crore through Compulsory Convertible Debentures (CCDs).
• Global Munition Limited secured Rs 22.69 crore, also through CCDs.

These fundraising efforts by the subsidiaries may provide some financial cushion to the group amidst the challenging quarter.

Rights Issue Utilization

The company reported no deviation in the utilization of funds raised through its Rights Issue in February 2025. Out of the total Rs 115.98 lakh raised:

• Rs 102.30 lakh was allocated for expanding company operations by setting up a new office.
• Rs 13.68 lakh was earmarked for meeting the expenses of the issue.

As of September 30, 2025, the company has utilized the entire amount raised, with Rs 91.46 lakh used by June 2025 and the remaining Rs 24.52 lakh utilized during the quarter ended September 30, 2025.

Board Meeting Outcome

The Board of Directors, in a meeting held on November 11, 2025, approved the unaudited financial results for the second quarter and half-year ended September 30, 2025. The meeting, which commenced at 15:00 hours and concluded at 17:45 hours, also saw the approval of the Limited Review Report issued by the Statutory Auditors.

Nibe Ordnance & Maritime Limited's performance this quarter reflects the challenges in the defense and maritime industries. While the substantial loss is a concern, the successful fundraising by its subsidiaries and the complete utilization of the Rights Issue proceeds for expansion purposes may indicate strategic moves to strengthen the company's position. Investors and stakeholders will likely be watching closely to see how the company navigates these financial challenges in the coming quarters.