Nibe Ordnance and Maritime Ltd — Board Meeting, 11-08-2025: Board Meeting

Nibe Ordnance and Maritime Limited has announced its financial results for the quarter ended June 30, 2025. The consolidated results show total income of ₹1.41 Cr but a net loss of ₹0.08 Cr. Standalone results reported total income of ₹0.11 Cr and a net profit of ₹0.08 Cr. Importantly, there was no revenue from operations in either consolidated or standalone results for the quarter. The company also confirmed no deviation in the utilization of ₹1.16 Cr raised via a Rights Issue. Of this, ₹0.62 Cr was utilized till March 2025 and an additional ₹0.29 Cr during the quarter for new office expansion and issue expenses. ₹0.25 Cr remains unutilized. A new subsidiary, Global Explosives Limited, was incorporated.