Appointment of Mr. Ravi Kant as the Executive Director of the Company.
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Nibe Ordnance and Maritime Limited (formerly Anshuni Commercials Limited) has appointed Mr. Ravi Kant (DIN: 09283919) as an Additional Director in the capacity of Executive Director, effective February 12, 2026, for a period of three years, subject to shareholder approval. Mr. Ravi Kant brings over three decades of experience in ammunition production from Indian Ordnance Factories and was the first Chairman & Managing Director of Munitions India Limited (a DPSU). He currently serves as Director in the company's subsidiaries — Global Munition Limited, Globe Forge Limited, and Global Explosives Limited. In a related change, Mr. Mahesh Panwar (DIN: 06702073) resigned from the position of Whole-time Director effective end of business hours on February 11, 2026, citing personal reasons and pre-occupancy. The board confirmed there are no material reasons behind his resignation other than what was stated.
The appointment of a seasoned defence-sector veteran with deep ordnance factory experience signals a strategic push into the defence manufacturing business, which is likely positive for shareholders given the sector's growth tailwinds. The smooth, planned transition between directors should not cause disruption, though investors should watch for shareholder approval of the new appointment at the next general meeting.