Meeting Details

The 21st Annual General Meeting was held on Tuesday, September 29, 2026, at 03:00 P.M. (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting commenced at 03:00 P.M. and concluded at 03:22 P.M., lasting 22 minutes.

Proposed Resolutions and Implications

The meeting transacted both ordinary and special business through 16 resolutions:

Ordinary Business:

  • Resolution 1: Adoption of Audited Standalone and Consolidated Financial Statements for FY 2025-2026
  • Resolution 2: Declaration of dividend of ₹1.30 per equity share (13% of face value of ₹10 each)
  • Resolution 3: Re-appointment of Mrs. Ranjana Manoj Mimani (DIN: 00083262) who retired by rotation

Special Business:

  • Resolution 4: Ratification of remuneration payable to Cost Auditors for FY 2026-2027
  • Resolution 5: Authorization to Board to borrow funds in excess of limits under Section 180(1)(c) of Companies Act, 2013
  • Resolution 6: Authorization to create securities on company properties under Section 180(1)(a)
  • Resolution 7: Approval for loans, guarantees and security under Section 185
  • Resolution 8: Authorization for loans, guarantees, security or investments in excess of Section 186 limits
  • Resolutions 9-16: Approval of Material Related Party Transactions with various subsidiary and promoter group companies including Nibe Defence and Aerospace Limited, Nibe Automobile Limited, Karmayogi Manufacturing Private Limited, Nibe Space Private Limited, Nibe Aeronautics Limited, Global Defence Industries Limited, Global Munition Limited, and Globe Forge Ltd

Voting Process and Methods

The voting process utilized multiple methods:

  • Remote e-voting facility was provided through NSDL from Saturday, September 26, 2026 (9:00 A.M.) to Monday, September 28, 2026 (5:00 P.M.)
  • E-voting during the AGM remained open for an additional 15 minutes for members who hadn't voted remotely
  • Cut-off date (record date) for determining voting eligibility was Tuesday, September 22, 2026
  • Mr. Dhirendra Maurya of D Maurya and Associates was appointed as Scrutinizer for the e-voting process

Attendance and Quorum

Total 44 members were present through video conferencing:

  • Promoters and Promoter Group: 6 members
  • Public: 38 members

Requisite quorum under Section 103 of the Companies Act, 2013 was present.

Directors and KMPs Present

The following attended through Video Conferencing:

Directors:

  • Mr. Ganesh Ramesh Nibe (Chairman & Managing Director and CEO)
  • Mr. Rajagopalan Madhvan (Independent Director)
  • Mr. Bhagwan Krishna Gadade (Independent Director)
  • Mr. Dasharath Ram (Independent Director)
  • Mr. Soonil V Bhokare (Independent Director)

Key Managerial Personnel:

  • Mrs. Komal Bhagat (Company Secretary & Compliance Officer)

Other Attendees:

  • Mr. Yash Singhal and Mr. Saurabh Chauhan (Representatives of M/s Kailash Chand Jain & Co., Statutory Auditor)
  • Mr. Dhirendra Maurya (Representative of M/s D Maurya and Associates, Scrutinizer)
  • Mr. Kartik Bansal (Vice President Finance & Accounts)
  • Mr. Balakrishna Govid Swamy (CTO)

Document Distribution and Availability

The Annual Report for FY 2025-2026 along with the AGM Notice dated August 14, 2026 was:

  • Sent electronically to members with registered email IDs
  • Sent via courier to members without registered email IDs
  • Made available on the company's website at www.nibelimited.com

Compliance Confirmation

The meeting was conducted in compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and relevant rules
  • Circulars issued by Ministry of Corporate Affairs and SEBI
  • All statutory registers were available for inspection throughout the meeting