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

NIBE has announced a board meeting to approve the financial results for the quarter and half-year. The Board approved audited consolidated and standalone results reporting a consolidated net profit of ₹27.4 Cr and standalone net profit of ₹22.1 Cr for the year. A dividend of ₹1.25 per share is proposed, subject to shareholder approval. Leadership changes include Rajesh Khatri as CFO and Ranjan Choudhary as CEO, while outgoing CEO Balakrishnan Swamy moves to Chief Technical Officer and Head of Strategy. M/s ADV & Associates were re-appointed as Internal Auditors with an unmodified audit opinion.