NIBE Limited — Others, 29-05-2025: Cessation

NIBE has announced a board meeting on May 29, 2025, approving the financial results for the quarter and half-year with consolidated revenue of ₹507.3 Cr and net profit of ₹27.43 Cr. The Board declared a dividend of ₹1.25 per share, pending shareholder approval. Leadership changes include Mr. Rajesh Khatri as CFO, Mr. Ranjan Choudhary as CEO, and former CEO Mr. Balakrishnan Swamy moving to Chief Technical Officer to focus on strategy. M/s ADV & Associates were reappointed as Internal Auditors, with an unmodified audit report.