Nibe Ordnance and Maritime Ltd — Important, 11-02-2026: Company Update

NIBE Ordnance and Maritime Limited's Board, following consideration by its Nomination and Remuneration Committee, has announced changes to its leadership. Mr. Ravi Kant has been appointed as an Additional Director (Executive Director) for three years. He brings over three decades of experience in ordnance production, including founding Munitions India Limited and holding leadership roles. Concurrently, Mr. Mahesh Panwar has resigned as Whole-time Director due to personal reasons and pre-occupancy. This update injects deep industry expertise into the board, relevant for the company's strategic focus.