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

Nibe Limited's board approved the consolidated financial results for the quarter: revenue reached ₹82.50 Cr and net profit was ₹1.04 Cr. Mr. Ranjan Choudhary resigned as CEO due to internal reorganization, and Mr. Prakash Khose was appointed as the new CEO. Mr. Khose is a Mechanical Engineer with 34 years of experience across sectors including Aerospace and Defence. The company also deferred a proposal to raise funds via preferential issue, citing current market volatility. Additionally, Nibe confirmed full utilization, without deviation, of the ₹7.83 Cr previously raised from convertible warrants for capital expenditure and working capital.