Outcome of Board Meeting held on November 11, 2025 - Unaudited Financial Results for the Quarter & Half Year ended on September 30, 2025.
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The Board of Directors of Nibe Ordnance and Maritime Limited met on November 11, 2025, and approved the unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2025. Statutory auditor Kailash Chand Jain & Co. issued an unmodified limited review report on both sets of results, indicating nothing came to their attention suggesting a material misstatement. The company also filed a Statement of Deviation/Variation under SEBI Regulation 32, confirming no deviation in the use of Rs. 115.98 lakhs raised through a Rights Issue in February 2025. Of the total, Rs. 102.30 lakhs was earmarked for setting up a new office and Rs. 13.68 lakhs for issue expenses, with the full amount shown as utilized. The Board meeting ran from 3:00 PM to 5:45 PM.
Routine quarterly compliance filing with a clean auditor review and full utilization of rights-issue funds as planned; no red flags for shareholders from this disclosure, though actual revenue, profit, and margin figures are not included in the public summary and investors should review the full results to assess performance.