Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting and Quarterly Financial Results

Audit Opinion:

Clean opinion with no material misstatements noted. However, the review report contains a scope limitation regarding one subsidiary (Nibe Aeronautics Limited) whose financial results for the period April 01, 2026 to April 09, 2026 were not reviewed by the auditor. These unaudited results reflected total revenues of ₹8.87 lakhs and total net loss after tax of ₹2.00 lakhs.

Auditor’s Comment:

The statutory auditor, Kailash Chand Jain & Co., issued a clean limited review report stating that nothing has come to their attention that causes them to believe the financial results contain any material misstatement. The report complies with Standard on Review Engagements (SRE) 2410.

Key Financial Highlights [Amount in INR Lakhs]:

Consolidated Results:

Revenue from Operations: ₹630.14 lakhs for Q1 FY27 (compared to ₹824.99 lakhs in Q1 FY26, representing a decline)

Total Income: ₹630.14 lakhs for Q1 FY27

Net Profit: Net loss of ₹1,199.74 lakhs (₹11.99 crore) for Q1 FY27 (compared to net profit of ₹74.42 lakhs in Q1 FY26)

EPS: Basic and diluted EPS of (₹7.34) for Q1 FY27 (compared to ₹0.72 in Q1 FY26)

Other Equity: Not specified in consolidated results

Cash and Cash Equivalents: Not specified

Debt: Not specified

Standalone Results:

Revenue from Operations: ₹570.17 lakhs for Q1 FY27

Total Income: ₹591.56 lakhs for Q1 FY27

Net Profit: Net loss of ₹899.85 lakhs (₹8.99 crore) for Q1 FY27 (compared to net profit of ₹389.03 lakhs in Q1 FY26)

EPS: Basic and diluted EPS of (₹5.99) for Q1 FY27 (compared to ₹2.69 in Q1 FY26)

Other Equity: Not specified in standalone results

Cash and Cash Equivalents: Not specified

Debt: Not specified

Segment-wise Performance [Amount in INR Lakhs]:

The Group operates in two segments:

Defence Segment (Q1 FY27):

Segment Revenue: ₹6,212.75 lakhs

Segment Results (before tax): Loss of ₹1,496.85 lakhs

Aeronautics Segment (Q1 FY27):

Segment Revenue: ₹88.67 lakhs

Segment Results (before tax): Loss of ₹26.38 lakhs

Total unallocated expenses/(income): Not specified

Total segment results before tax: Loss of ₹1,523.23 lakhs

Corporate Actions:

No dividend declarations, share splits, bonus issues, or buybacks announced.

Capital Raising:

The company completed a preferential allotment:

  • During Q4 FY26: Allotted 4,40,000 equity shares (face value ₹10) at ₹1,258 per share (including premium of ₹1,248) amounting to ₹5,535.20 lakhs
  • During Q4 FY26: Allotted 15,62,000 share warrants convertible into equity shares at ₹1,258 per equity share, with 25% payment (₹314.50 per warrant) on allotment amounting to ₹4,912.49 lakhs
  • During Q1 FY27: Allotted 3,20,000 equity shares upon receipt of balance 75% amount (₹943.50 per warrant) amounting to ₹3,019.20 lakhs
  • Total funds raised: ₹13,466.89 lakhs

Utilization of Preferential Allotment Proceeds (as of June 30, 2026):

  • Used for capex: ₹2,400.00 lakhs
  • Repayment of existing borrowing: ₹7,500.00 lakhs
  • Augment working capital needs: ₹2,311.00 lakhs
  • General corporate purposes: ₹1,253.36 lakhs
  • Total utilized: ₹13,464.36 lakhs
  • Unutilized amount: ₹2.53 lakhs lying in separate bank account

Management Appointments:

  • Mr. Ganesh Ramesh Nibe appointed as Chief Executive Officer (CEO) effective August 14, 2026 (he currently holds the position of Managing Director and CEO)
  • Mr. Ganesh Ramesh Nibe is not debarred from holding director office per SEBI or competent authority orders
  • Mr. Ganesh Ramesh Nibe is not disqualified pursuant to Section 164 of Companies Act, 2013

Auditor Appointments:

  • M/s. BDO India Services Private Limited appointed as Internal Auditors for FY 2026-27 effective August 14, 2026
  • M/s. Dhananjay Laxman Gawade & Co. (Firm Registration No: 006147) re-appointed as Cost Auditors for FY 2026-27 effective August 14, 2026

Subsidiary Information:

The consolidated financial results include:

  • Nibe Automobile Limited (94.02% holding, India)
  • Nibe Defence and Aerospace Limited (60.30% holding, India)
  • Karmayogi Manufacturing Private Limited (51.00% holding, India)
  • Nibe Meson Naval Limited (99.50% holding, India)
  • Nibe Technologies Private Limited (100.00% holding, India)
  • Nibe Space Private Limited (76.00% holding, India)
  • Nibe Aeronautics Limited (Stepdown subsidiary up to April 09, 2026, India)

Other Significant Information:

  • The financial results have been prepared in accordance with Ind AS 34 "Interim Financial Reporting"
  • Previous year/period figures have been reclassified wherever necessary
  • Paid-up equity share capital (face value ₹10): ₹1,526.13 lakhs as of June 30, 2026
  • The company primarily operates in defence and aeronautics segments
  • No change in accounting policy affecting comparability disclosed
  • No forward-looking guidance or management outlook provided