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

NIBE's board approved the Q1 consolidated financial results for the quarter ended June 30, 2025, with revenue at ₹8.25 Cr and net profit at ₹10.42 Lakh. A key leadership change sees Mr. Ranjan Choudhary stepping down as CEO. Mr. Prakash Khose, a Mechanical Engineer with 34 years of experience in automotive, aerospace, and defense, including M&A and greenfield projects, has been appointed as the new CEO. The board has decided to defer its proposed preferential share issue, citing current market volatility. The company also confirmed no deviation in the utilization of ₹7.83 Cr previously raised from convertible warrants.