Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Nibe Limited

Meeting Details

The 21st Annual General Meeting was held on Tuesday, September 29, 2026 at 03:00 p.m. (IST) through Video Conferencing (VC). The meeting commenced at 03:00 p.m. and concluded at 03:22 p.m. The notice of the AGM was dated August 14, 2026.

Shareholder Participation

  • Total number of shareholders on record date: 46,295
  • Shareholders present through video conferencing: Promoters and Promoter Group: 6, Public: 38
  • Total shareholders attending meeting: 44

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting period: September 26, 2026 (9:00 a.m.) to September 28, 2026 (5:00 p.m.)
  • E-voting during the AGM
  • National Securities Depository Limited (NSDL) provided the e-voting platform
  • 43 members voted through remote e-voting, 1 member voted during the AGM

Resolution Summary and Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Ordinary Resolution
  • Promoter & Promoter Group: 7,969,771 votes in favor (100%), 0 against
  • Public Non-Institutions: 192,695 votes in favor (100%), 0 against
  • Total: 8,162,466 votes in favor (100%), 0 against

Resolution 2: Declaration of Dividend of ₹1.30 per share

  • Ordinary Resolution
  • Promoter & Promoter Group: 7,969,771 votes in favor (100%), 0 against
  • Public Non-Institutions: 192,695 votes in favor (100%), 0 against
  • Total: 8,162,466 votes in favor (100%), 0 against

Resolution 3: Re-appointment of Ms. Ranjana Manoj Mimani (DIN: 00083262)

  • Ordinary Resolution
  • Promoter & Promoter Group: 7,969,771 votes in favor (100%), 0 against
  • Public Non-Institutions: 192,695 votes in favor (100%), 0 against
  • Total: 8,162,466 votes in favor (100%), 0 against

Resolution 4: Ratification of Cost Auditors' Remuneration

  • Ordinary Resolution
  • Promoter & Promoter Group: 7,969,771 votes in favor (100%), 0 against
  • Public Non-Institutions: 192,693 votes in favor (99.999%), 2 against (0.001%)
  • Total: 8,162,464 votes in favor (100%), 0 against

Resolution 5: Borrowing Limits under Section 180(1)(c)

  • Special Resolution
  • Promoter & Promoter Group: 7,969,771 votes in favor (100%), 0 against
  • Public Non-Institutions: 185,851 votes in favor (96.4483%), 6,844 against (3.5517%)
  • Total: 8,155,622 votes in favor (99.9162%), 6,844 against (0.0838%)

Resolution 6: Creation of Securities under Section 180(1)(a)

  • Special Resolution
  • Promoter & Promoter Group: 7,969,771 votes in favor (100%), 0 against
  • Public Non-Institutions: 185,851 votes in favor (96.4483%), 6,844 against (3.5517%)
  • Total: 8,155,622 votes in favor (99.9162%), 6,844 against (0.0838%)

Resolution 7: Loans/Guarantees under Section 185

  • Special Resolution
  • Promoter & Promoter Group: 7,969,771 votes in favor (100%), 0 against
  • Public Non-Institutions: 185,851 votes in favor (96.4483%), 6,844 against (3.5517%)
  • Total: 8,155,622 votes in favor (99.9162%), 6,844 against (0.0838%)

Resolution 8: Investments under Section 186

  • Special Resolution
  • Promoter & Promoter Group: 7,969,771 votes in favor (100%), 0 against
  • Public Non-Institutions: 185,851 votes in favor (96.4483%), 6,844 against (3.5517%)
  • Total: 8,155,622 votes in favor (99.9162%), 6,844 against (0.0838%)

Resolutions 9-16: Related Party Transactions

Various ordinary resolutions for related party transactions with subsidiary 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 Limited.

All related party transaction resolutions showed similar voting patterns with promoters not voting (0 votes) and public non-institutions voting approximately 96.45% in favor and 3.55% against.

Scrutinizer's Role and Findings

CS Dhirendra Maurya of D Maurya and Associates was appointed as scrutinizer. The scrutinizer verified:

  • Remote e-voting period: September 26-28, 2026
  • 43 members voted through remote e-voting, 1 member voted during AGM
  • All 16 resolutions (12 ordinary + 4 special) were passed with requisite majority
  • No invalid votes were cast in any resolution

Compliance Confirmation

The company confirmed compliance with:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies (Management and Administration) Rules, 2014
  • MCA General Circulars and SEBI Circulars