NIBE Limited — Important, 30-05-2025: Memorandum of Understanding/Agreements

Nibe Limited has announced a board meeting to discuss the financial results for the quarter and half-year. The company has inked a 10-year tech transfer deal with DRDO’s ARDE to manufacture the Pinaka Multi Barrel Rocket Launcher and Battery Command Post. This strategic move positions Nibe as a key defense supplier, boosting its presence in the government contracts space and paving the way for steady long-term revenue growth from defense manufacturing, all without any upfront costs.