Nibe Ordnance and Maritime Ltd — Important, 25-11-2025: Company Update

Nibe Ordnance and Maritime Limited's subsidiary, Globe Forge Limited, has achieved a key milestone by taking possession of a substantial plot of land. The company confirmed that Globe Forge Limited received possession of the entire 399,408 square meters plot in the Shirdi Industrial Area from Maharashtra Industrial Development Corporation (MIDC). This development is vital for the subsidiary's future operational setup and expansion, providing a significant land base for its business activities. This physical possession completes a previously announced land allotment.