NIBE board approves acquiring 48.95% stake in Nibe Meson Naval
NIBE · price
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On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 4.5 pts less than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NIBE Limited board approved acquiring 48.95% stake in subsidiary Nibe Meson Naval Limited from Quest Flow Controls for consolidation. Q2 FY26 consolidated revenue fell to 7,336.79 lakhs from 13,598.76 lakhs YoY. H1 FY26 swung to a net loss of 864.48 lakhs versus a profit of 1,677.36 lakhs last year. The company also appointed Mr. Jigar Shah as new CFO after Mr. Rajesh Khatri resigned for personal reasons.
Strengthens control over defence subsidiary, but weak H1 results and CFO exit may pressure stock near term.