Regulatory Compliance Disclosure

Nibe Limited submitted a regulatory filing to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was digitally signed by Komal Bhagat, Company Secretary & Compliance Officer (Membership No.: A49751), and includes a press note about a product demonstration.

Product Demonstration Details

Nibe Limited successfully demonstrated its Garudastra system - a Long Range 120mm Vehicle Mounted Mortar and Bomb System - to the Indian Army on June 17, 2026. The demonstration was conducted on NC-NC (No Cost-No Commitment) basis at the Infantry School, Mhow. The system was developed in technical collaboration with a foreign OEM.

Demonstration Capabilities Showcased

Rapid Shoot-and-Scoot Operations:

  • System occupied temporary firing position and came into action in under 30 seconds
  • Engaged target with two rounds in less than 15 seconds
  • Displaced from location within 15 seconds to evade simulated counter-battery fire
  • Relocated to main firing position and re-engaged target with equal accuracy

High Rate of Fire:

  • Two-man crew fired 12 rounds in 60 seconds
  • Maintained outstanding accuracy during rapid firing

Multiple Rounds Simultaneous Impact (MRSI):

  • Three rounds fired on different trajectories with different times of flight
  • All rounds struck target simultaneously
  • Delivered concentrated effects on the target

Precision-Guided Munition:

  • Utilized both GPS and Laser guidance systems
  • Achieved direct hit on 3m × 3m target from long range
  • Demonstrated exceptional precision strike capability

Strategic Context and Company Positioning

The demonstration highlighted Nibe Limited's commitment to delivering next-generation firepower solutions to the Indian Armed Forces under the Atmanirbhar Bharat (self-reliant India) vision. The company described Garudastra as representing a significant enhancement in battlefield effectiveness, survivability, and operational flexibility for modern combat operations.

Company Background

Nibe Limited is an Indian defence manufacturer specializing in:

  • Next-generation strategic defense systems
  • Heavy engineering
  • Ammunition manufacturing
  • Space technologies

The company is dedicated to fulfilling the Aatmanirbhar Bharat vision and actively bridges the gap between traditional field artillery and advanced missile systems through local high-tech manufacturing and global technology integrations.