NIBE Limited — Board Meeting, 12-08-2025: Outcome of Board Meeting

Nibe Limited has announced a board meeting where it approved the consolidated financial results for the quarter ended June 30, 2025. Revenue from operations stood at ₹8.25 Cr, with a net profit of ₹0.10 Cr. The board deferred a proposed preferential issue for fundraising due to current market volatility, noting they may reconsider it later. Key leadership changes include the resignation of CEO Mr. Ranjan Choudhary, replaced by Mr. Prakash Khose, a veteran with 34 years experience in automotive, aerospace, and defense sectors. The company also appointed new Cost and Secretarial Auditors.