NIBE MD, chairman, board of directors and AGM
NSE: NIBEBSE: 535136Aerospace & DefenseSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹1,203.30.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,739 Cr1,238th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 29 May 2026
- 5.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.12%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 14 Aug 2026
- −2.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 14 Aug 2026
- −0.2%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 29 May 2026
- 0.30
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,29,42144.3% delivered
NIBE board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorGANESH RAMESH NIBHE
- Company Secretary and Compliance OfficerKomal Prashant Bhagat
5 directors4 independent1 executive
- GANESH RAMESH NIBHE · Chairperson and managing directorExecutive · joined Feb 2020 · reappointed Sep 2024 · 2 listed boards · 1 committee seat
- BHAGWAN KRISHNA GADADEIndependent · joined Feb 2020 · reappointed Sep 2024 · 79 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
- DASHARATH RAMIndependent · joined May 2023 · reappointed May 2023 · 40 months as independent · 1 listed board · 1 as independent · 2 committee seats
- SOONIL V BHOKAREIndependent · joined Aug 2023 · reappointed Aug 2023 · 37 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 3 as chair
- RAJAGOPALAN MADHAVANIndependent · joined Mar 2026 · reappointed Mar 2026 · 6 months as independent · 1 listed board · 1 as independent · 2 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- RANJANA MANOJ MIMANI, left 29 Sep 2026: Others
- VENKATESWARA GOWTAMA MANNAVA, left 6 Feb 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 14 Aug 20266 of 6 present4 independent · 76 days in between
- 29 May 20266 of 6 present4 independent
Audit Committee
Chair DASHRATHRAM
BHAGWAN KRISHNA GADADE, SOONIL V BHOKARE, RAJAGOPALAN MADHAVAN
- 14 Aug 20264 of 4 present4 independent · 76 days in between
- 29 May 20264 of 4 present4 independent
Nomination and remuneration committee
Chair BHAGWAN KRISHNA GADADE
DASHRATHRAM, SOONIL V BHOKARE, RAJAGOPALAN MADHAVAN
- 14 Aug 20264 of 4 present4 independent · 76 days in between
- 29 May 20264 of 4 present4 independent
Stakeholders Relationship Committee
DASHARATH RAM, BHAGWAN KRISHNA GADADE, RAJAGOPALAN MADHAVAN
- 29 May 20264 of 4 present3 independent
Corporate Social Responsibility Committee
Chair SOONIL V BHOKARE
DASHARATH RAM, RAJAGOPALAN MADHAVAN, GANESH RAMESH NIBHE
- 14 Aug 20264 of 4 present3 independent · 76 days in between
- 29 May 20264 of 4 present3 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- M/s Kailash Chand Jain & CoPeer-review certificate valid to Mar 2027
1 earlier auditor
- Kailash Chand Jain & CoNamed in the filing for the quarter to Mar 2026
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
NIBE AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.NIBE dividend history
Annual general meeting, 29 Sep 2026
46,295 shareholders on the register on 22 Sep 2026; present: 6 promoters and 38 others; votes counted by Dhirendra Maurya / D Maurya & Associates, Company Secretaries.The company's voting result (opens in a new tab)
- To received consider and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended on March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.48% · promoters 99.91% · institutions 0.00% · other public 2.65%
- To declare a dividend of Rs. 1.30/- per Equity Share (13%) of the face value of Rs. 10/- each for the financial year ended March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.48% · promoters 99.91% · institutions 0.00% · other public 2.65%
- To appoint a director in place of Mrs. Ranjana Manoj Mimani (DIN: 00083262), who retires by rotation and being eligible, offers herself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.48% · promoters 99.91% · institutions 0.00% · other public 2.65%
- Ratification of remuneration payable to Cost Auditors for the financial year ended on March 31, 2027.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.48% · promoters 99.91% · institutions 0.00% · other public 2.65%
- Authorization to Board of Directors to borrow funds in excess of limit specified under Section 180 (1) (c) of the Companies Act, 2013.Special99.92% for0.08% against
Against: promoters 0.00% · institutions 0.00% · other public 3.55%
Turnout: all 53.48% · promoters 99.91% · institutions 0.00% · other public 2.65%
- Authorization to Board of Directors to create securities on the properties of the Company under Section 180 (1) (a) of the Companies Act, 2013.Special99.92% for0.08% against
Against: promoters 0.00% · institutions 0.00% · other public 3.55%
Turnout: all 53.48% · promoters 99.91% · institutions 0.00% · other public 2.65%
- To approve granting of loans, guarantees and security under Section 185 of the Companies Act, 2013.Special99.92% for0.08% against
Against: promoters 0.00% · institutions 0.00% · other public 3.55%
Turnout: all 53.48% · promoters 99.91% · institutions 0.00% · other public 2.65%
- Authorization to Board of Directors to give Loans, provide Guarantee or Security or make investment in excess of limits specified under Section 186 of the Companies Act, 2013.Ordinary99.92% for0.08% against
Against: promoters 0.00% · institutions 0.00% · other public 3.55%
Turnout: all 53.48% · promoters 99.91% · institutions 0.00% · other public 2.65%
- Approval of Material Related Party Transactions between the Company and Nibe Defence and Aerospace Limited, Subsidiary Company of the Company.OrdinaryPromoters have an interest in it96.45% for3.55% against
Against: promoters 0.00% · institutions 0.00% · other public 3.55%
Turnout: all 1.26% · promoters 0.00% · institutions 0.00% · other public 2.65%
- Approval of Material Related Party Transactions between the Company and Nibe Automobile Limited, Subsidiary Company of the Company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 1.26% · promoters 0.00% · institutions 0.00% · other public 2.65%
- Approval of Material Related Party Transactions between the Company and Karmayogi Manufacturing Private Limited, Subsidiary Company of the Company.OrdinaryPromoters have an interest in it96.45% for3.55% against
Against: promoters 0.00% · institutions 0.00% · other public 3.55%
Turnout: all 1.26% · promoters 0.00% · institutions 0.00% · other public 2.65%
- Approval of Material Related Party Transactions between the Company and Nibe Space Private Limited, Subsidiary Company of the Company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 1.26% · promoters 0.00% · institutions 0.00% · other public 2.65%
- Approval of Material Related Party Transactions between the Company and Nibe Aeronautics Limited, same Promoter Group.OrdinaryPromoters have an interest in it96.45% for3.55% against
Against: promoters 0.00% · institutions 0.00% · other public 3.55%
Turnout: all 1.26% · promoters 0.00% · institutions 0.00% · other public 2.65%
- Approval of Material Related Party Transactions between the Company and Global Defence Industries Limited, same Promoter Group Company.OrdinaryPromoters have an interest in it96.45% for3.55% against
Against: promoters 0.00% · institutions 0.00% · other public 3.55%
Turnout: all 1.26% · promoters 0.00% · institutions 0.00% · other public 2.65%
- Approval of Material Related Party Transactions between the Company and Global Munition Limited, same Promoter Group Company.OrdinaryPromoters have an interest in it96.45% for3.55% against
Against: promoters 0.00% · institutions 0.00% · other public 3.55%
Turnout: all 1.26% · promoters 0.00% · institutions 0.00% · other public 2.65%
- Approval of Material Related Party Transactions between the Company and Globe Forge Limited, same Promoter Group Company.OrdinaryPromoters have an interest in it96.45% for3.55% against
Against: promoters 0.00% · institutions 0.00% · other public 3.55%
Turnout: all 1.26% · promoters 0.00% · institutions 0.00% · other public 2.65%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 18 Jun 2026, 1 resolution
43,182 shareholders on the register on 15 May 2026; votes counted by Gaurav Thakur / M/s. Gaurav Thakur & Co..The company's voting result (opens in a new tab)
- Appointment of Mr. Rajagopalan Madhavan (Din: 08209860) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 54.61% · promoters 99.91% · institutions 0.00% · other public 2.73%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 22 Jan 2026, 2 resolutions
43,614 shareholders on the register on 15 Jan 2026; present: 4 promoters and 32 others; votes counted by Dhirendra Maurya / D Maurya & Associates, Company Secretaries.The company's voting result (opens in a new tab)
- Issue of Convertible Warrants on Preferential BasisSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 61.45% · promoters 99.91% · institutions 0.00% · other public 14.42%
- Issue of Equity Shares on Preferential BasisSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 61.45% · promoters 99.91% · institutions 0.00% · other public 14.42%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 30 Sep 2025, 14 resolutions
46,109 shareholders on the register on 23 Sep 2025; present: 5 promoters and 38 others; votes counted by Dhirendra Maurya / D Maurya & Associates, Company Secretaries.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited (Standalone and Consolidated) Financial statements of the Company for the Financial Year ended March 31, 2025 together with the reports of the Board of Directors and the Auditors’ thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 56.21% · promoters 99.91% · institutions 0.00% · other public 5.44%
- To declare a dividend of Rs. 1.25/- per Equity Share (12.5%) of the face value of Rs.10/- each for the financial year ended March 31, 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 56.21% · promoters 99.91% · institutions 0.00% · other public 5.44%
- To appoint a director in place of Mr. Venkateswara Gowtama Mannava (DIN: 07628039), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 56.21% · promoters 99.91% · institutions 0.00% · other public 5.44%
- Ratification of remuneration payable to Cost Auditors for the financial year ended on March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 56.21% · promoters 99.91% · institutions 0.00% · other public 5.44%
- Authorization to Board of Directors to borrow funds in excess of limit specified under Section 180 (1) (c) of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 56.21% · promoters 99.91% · institutions 0.00% · other public 5.44%
- Authorization to Board of Directors to create securities on the properties of the Company under Section 180 (1) (a) of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 56.21% · promoters 99.91% · institutions 0.00% · other public 5.44%
- Authorization to Board of Directors to give Loans, provide Guarantee or Security or make investment in excess of limits specified under Section 186 of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 56.21% · promoters 99.91% · institutions 0.00% · other public 5.44%
- Approval of Material Related Party Transaction(s) between the Company and Nibe Defence and Aerospace Limited, Subsidiary Company of the CompanyOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 2.52% · promoters 0.00% · institutions 0.00% · other public 5.44%
- Approval of Material Related Party Transaction(s) between the Company and Nibe Aeronautics Limited, Subsidiary Company of the CompanyOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 2.52% · promoters 0.00% · institutions 0.00% · other public 5.44%
- Approval of Material Related Party Transaction(s) between the Company and Nibe Space Private Limited, Subsidiary Company of the CompanyOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 2.52% · promoters 0.00% · institutions 0.00% · other public 5.44%
- Approval of Material Related Party Transaction(s) between the Company and Karmayogi Manufacturing Private Limited, Subsidiary Company of the CompanyOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 2.52% · promoters 0.00% · institutions 0.00% · other public 5.44%
- Approval of Material Related Party Transaction(s) between the Company and Global Munition LimitedOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 2.52% · promoters 0.00% · institutions 0.00% · other public 5.44%
- Approval of Material Related Party Transaction(s) between the Company and Globe Forge LimitedOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 2.52% · promoters 0.00% · institutions 0.00% · other public 5.44%
- Appointment of Secretarial AuditorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 56.21% · promoters 99.91% · institutions 0.00% · other public 5.44%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Reason and comments |
|---|---|---|---|---|---|---|
| Preferential IssuesJun 2026, checked by Crisil Ratings Limited | – | Funding Capital Expenditure requirements for development setting up of new facilities including construction and civil works. | – | – | No | Audit committee: No Comments requiredAuditors: No Comments required |
| Preferential IssuesJun 2026, checked by Crisil Ratings Limited | – | Repayment of existing borrowing | – | – | No | Audit committee: No Comments requiredAuditors: No Comments required |
| Preferential IssuesJun 2026, checked by Crisil Ratings Limited | – | Augment Working Capital needs of the Company | – | – | No | Audit committee: No Comments requiredAuditors: No Comments required |
| Preferential IssuesJun 2026, checked by Crisil Ratings Limited | – | GCP | – | – | No | Audit committee: No Comments requiredAuditors: No Comments required |