NIBE Limited — Others, 12-08-2025: Resignation

Nibe Limited's board approved the financial results for the quarter, reporting a consolidated net profit of Rs. 1.04 Cr on revenue of Rs. 82.50 Cr. The company announced the resignation of Mr. Ranjan Choudhary as CEO and the appointment of Mr. Prakash Khose as the new CEO. Mr. Khose brings 34 years of experience from automotive, aerospace, and defence sectors, including leading 14 acquisitions. Additionally, the board deferred a proposal to raise funds via preferential issue due to market volatility, which may be reconsidered. The company confirmed no deviation in the utilization of the Rs. 7.83 Cr raised earlier from convertible warrants, used for capital expenditure and working capital.