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Nibe Limited submitted its monitoring agency report confirming utilization of ₹251.85 Crore preferential issue proceeds. Funds were deployed towards debt repayment and working capital.
NIBE Limited's subsidiary, Nibe Space Private Limited, secured a ₹12.58 Crore contract from MSEDCL. The project involves GIS survey, mapping, and digital data preparation of MSEDCL's electrical distribution network. The order will be executed in tranches over a 42-month period, enhancing the subsidiary's project portfolio.
NIBE Limited announced the resignation of Mr. Jigar Arvind Shah as Chief Financial Officer, effective April 11, 2026. The company is now in the process of identifying a successor for the role.
NIBE Limited announced the resignation of Mr. Jigar Shah as Chief Financial Officer and Key Managerial Personnel, effective April 11, 2026. Mr. Shah cited health issues as the reason for his departure. The company confirmed there are no other material reasons for the resignation.
Nibe Limited has completed the sale of its step-down subsidiary, Nibe Aeronautics Limited (NAL), for ₹1.52 Crore to Mr. Nibe Ganesh Ramesh. Consequently, NAL has ceased to be a subsidiary of the company effective April 9, 2026.
Nibe Limited's subsidiary, Nibe Defence and Aerospace Limited, completed the sale of 15,20,000 shares in Nibe Aeronautics Limited (NAL) to Mr. Ganesh Nibe on April 09, 2026. Consequently, NAL has ceased to be a step-down subsidiary of the company.