Nibe Ordnance and Maritime Ltd — Updates, 11-08-2025: Company Update

Nibe Ordnance and Maritime Limited has confirmed no deviation in the utilization of funds raised through its Rights Issue on February 4, 2025. The company raised Rs. 1.16 Cr, earmarked for expanding operations with a new office (Rs. 1.02 Cr) and covering issue expenses (Rs. 0.14 Cr). As of June 30, 2025, Rs. 0.91 Cr of these funds have been utilized, with Rs. 0.25 Cr remaining in the bank. This indicates the company is deploying capital as initially planned, which is a positive sign for investors regarding financial transparency and project execution.