NIBE Limited — Important, 12-08-2025: General Updates

Nibe Limited's board has approved the financial results for the quarter, reporting standalone revenue of INR 81.19 Cr and PAT of INR 3.89 Cr, a notable decline. Mr. Ranjan Choudhary resigned as CEO, with Mr. Prakash Khose, a seasoned professional with 34 years of experience across automotive, aerospace, and defense, appointed as the new CEO. The company has deferred its preferential issue fundraising due to market volatility, indicating a cautious financial strategy. Separately, INR 7.83 Cr from a previous warrant exercise was fully utilized for capital expenditure and working capital.