Nibe Ordnance and Maritime Ltd — Important, 01-10-2025: Company Update

Nibe Ordnance and Maritime Limited's subsidiary, Globe Forge Limited, has secured a significant international contract. The subsidiary will supply empty shells to a leading global defense company. This contract is valued at USD 64 Million, approximately INR 568.64 Crores, and represents a substantial order for the company. The supply will be completed in tranches by February 2028, pending necessary statutory and regulatory approvals. This development highlights the company's expanding presence in the global defense sector and is a key operational update for stakeholders.