Nibe Ltd

Nibe Limited has scheduled its 21st Annual General Meeting for Tuesday, September 29, 2026, via video conferencing or other audio-visual means, and has set Tuesday, September 22, 2026, as the record date for determining member eligibility to vote, according to a filing with the BSE Limited and National Stock Exchange of India Limited. The company's register of members and share transfer books will be closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026, for the annual general meeting and dividend payment, if declared, with payment expected within 30 days of the meeting.

Nibe Limited announced that its subsidiary, Nibe Space Private Limited, has secured a letter of award from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL), a Government of Maharashtra undertaking, for a project involving GIS survey, mapping, and data preparation of MSEDCL’s distribution network. The project, covering the Pune and Kokan regions, is valued at Rs 12,14,85,476 (exclusive of GST) and is expected to be executed over 42 months. The order encompasses digitization of the network from 33 KV substations to end consumer service points, including both overhead and underground infrastructure.

Nibe Limited announced it has secured a supply contract with the Indian Army, Ministry of Defence, Government of India, for the manufacturing and supply of 30 sets of Loiter Munition System, including 300 Loiter Munitions and associated equipment. The total contract consideration is Rs 563.35 crore, inclusive of all taxes and duties, and falls under the "buy (Indian)" category. The order, awarded by a domestic entity, is to be executed within 12 months from the date of advance payment and requires Nibe to furnish performance guarantees totaling 10% and 5% of the contract price.

Nibe Limited informed the BSE Limited and National Stock Exchange of India Limited that there was no deviation or variation in the utilization of funds raised through a preferential allotment of Rs 1,346,689,000 on March 5, 2026, and June 8, 2026, according to a filing on August 14, 2026. Crisil Ratings Limited is the monitoring agency for the funds, and as of June 30, 2026, there was an unutilized amount of Rs 2,53,008 lying in the company's current account, while 75% of the warrant subscription remains pending for 1,242,000 warrants.

Nibe Limited will hold a board meeting on Friday, August 14, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Limited. The trading window for company securities will remain closed for directors, promoters, designated persons, and their immediate relatives until 48 hours after the announcement of the financial results, a measure taken in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

NIBE announced that the Board of Directors of the Company at its meeting held on 29 May 2026, inter alia, have recommended the final dividend of Rs 1.3 per equity Share (i.e. 13%) , subject to the approval of the shareholders.

Net profit of NIBE rose 282.59% to Rs 29.23 crore in the quarter ended March 2026 as against Rs 7.64 crore during the previous quarter ended March 2025. Sales rose 130.48% to Rs 259.50 crore in the quarter ended March 2026 as against Rs 112.59 crore during the previous quarter ended March 2025. For the full year,net profit declined 78.94% to Rs 5.63 crore in the year ended March 2026 as against Rs 26.73 crore during the previous year ended March 2025. Sales declined 6.48% to Rs 474.45 crore in the year ended March 2026 as against Rs 507.32 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales259.50112.59 130 474.45507.32 -6 OPM %19.7717.01 -9.4311.77 - PBDT45.5618.62 145 33.4957.04 -41 PBT37.1114.67 153 3.9339.60 -90 NP29.237.64 283 5.6326.73 -79 Powered by Capital Market - Live

NIBE Group marked a defining milestone in India's indigenous defence manufacturing journey with the inauguration of its state-of-the-art Defence Manufacturing Complex in Shirdi, Maharashtra. The integrated Defence Manufacturing Complex has been envisioned as a next-generation ecosystem dedicated to: ' 155mm Ammunition Shell Manufacturing Plant (5 lakh shells annually) ' Inauguration of Indigenous TNT Plant Technology ' Inauguration Indigenous RDX Plant Technology ' Inauguration Bio-CNG & Hydrogen Fuel Plant ' Flag-off ceremony of Suryastra - 300 KM Universal Rocket Launching System ' Space & Satellite Technologies One of the most significant highlights of the ceremony was the unveiling and ceremonial flag-off of 'Suryastra', India's first indigenous 300 KM Universal Rocket Launching System, symbolizing a major leap in long-range precision strike capabilities and advanced battlefield systems. The event also highlighted the successful trials of the 100 KM Loitering Munition 'Skystriker', further demonstrating NIBE Group's expanding technological footprint in next generation warfare systems.

NIBE will hold a meeting of the Board of Directors of the Company on 29 May 2026.

The stock had already rallied 10.06% in the previous session following the announcement. NIBE shares have surged 34.74% over the past month, although the stock remains down 4.05% over the last one year. The company said the Vayu Astra-1 successfully completed technical trials against the Indian Army's request for proposal at Pokhran in Rajasthan and Joshimath (Malari) in Uttarakhand, demonstrating a strike range of 100 km. During anti-personnel strike trials, the loitering munition carrying a 10 kg warhead hit a target 100 km away in a single attempt with a circular error probable (CEP) of less than one metre. The system also demonstrated abort, attack and re-attack capabilities. NIBE also conducted anti-armor night strike trials using an infrared camera. The system hit the target within a 2-metre CEP in a single attempt. The company said it also demonstrated the capability to transfer operational control from the ground control station to a forward control station located 70 km away. In endurance trials conducted at Joshimath, the Vayu Astra-1 achieved flight endurance of over 90 minutes at altitudes exceeding 14,000 feet. The loitering munition was also safely recovered after mission completion for reuse in subsequent flights. NIBE is engaged in the development, manufacturing and integration of defence systems, with a focus on indigenous defence technologies and exports. On a consolidated basis, NIBE reported net loss of Rs 17.06 crore in Q3 December 2025 as against net profit of Rs 2.07 crore in Q3 December 2024. Net sales declined 60.26% YoY to Rs 59.08 crore in Q3 December 2025. Powered by Capital Market - Live