Notice of 40th Annual General Meeting (''AGM'') to be held on 30th September, 2025.
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Nibe Ordnance and Maritime Limited (formerly Anshuni Commercials Limited, BSE Scrip Code: 512091) has issued notice for its 40th AGM on Tuesday, September 30, 2025 at 11:00 AM, to be held via Video Conferencing. Ordinary business includes adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, and re-appointment of Mr. Venkateswara Gowtama Mannava (DIN: 07628039) as director retiring by rotation. Special business seeks shareholder approval to authorize the Board to borrow funds up to Rs. 800 crore and create securities on company assets under Sections 180(1)(c) and 180(1)(a). The company is also seeking approval for granting loans/guarantees up to Rs. 150 crore under Section 185 and investments up to Rs. 800 crore under Section 186. Five separate resolutions cover material related party transactions with subsidiaries and step-down subsidiaries: Nibe Maritime Pvt Ltd (Rs. 105.7 cr), Global Munition Ltd (Rs. 105 cr), Globe Forge Ltd (Rs. 105 cr), Global Premier Ltd (Rs. 22.07 cr), and Global Explosives Ltd (Rs. 107.5 cr), valid until the next AGM.
Shareholders are being asked to approve a substantial Rs. 800 crore borrowing ceiling and multiple related party transactions with subsidiaries that aggregate to roughly Rs. 445 crore. While these are standard AGM governance items, the scale signals potential expansion or restructuring within the group. Approval of these resolutions will give the Board wide financial flexibility for the coming year.