Nibe Ordnance and Maritime Ltd — Important, 11-11-2025: Company Update

NIBE ORDNANCE AND MARITIME LIMITED confirmed no deviation in the utilization of funds from its Right Issue. The company raised Rs. 1.16 Cr and has fully deployed these funds for their intended purposes. Specifically, Rs. 1.02 Cr was utilized to expand operations by setting up a new office, and Rs. 0.14 Cr was used to cover the issue's expenses. A total of Rs. 0.91 Cr was utilized by June, with the remaining Rs. 0.25 Cr deployed during the quarter ending September 30. This update assures shareholders that capital is being used as per the original business plan.