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

NIBE has announced a board meeting approving the financial results for the quarter and half-year, reporting consolidated revenue of Rs. 507.3 Cr and a net profit of Rs. 27.43 Cr for the year. The board proposed a dividend of Rs. 1.25 per equity share, subject to shareholder approval. Leadership changes include Mr. Rajesh Khatri as CFO and Mr. Ranjan Choudhary as CEO, with former CEO Mr. Balakrishnan Swamy becoming Chief Technical Officer. Internal auditors M/s. ADV & Associates were re-appointed, and statutory auditors gave an unmodified opinion on the results.