NIBENSENIBE LimitedMinimalNeutral
Announced Wed, 20 May · 13:02 IST

NIBE Limited has informed the Exchange about Copy of Newspaper Publication regarding Postal Ballot

NIBE · price

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Price reaction · full curve 14 horizons · vs prior close
+17.5%1-day move
₹1102.90
prior close
₹1183.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.8-0.7-1.2-0.9+17.5+32.1+27.4+29.4+29.2+38.3+30.5+66.2+41.6
Up moveDown movePending
AI summary

NIBE Limited has published a Postal Ballot Notice seeking shareholder approval for the appointment of Mr. Rajagopalan Madhavan (DIN: 08209860) as an Independent Director through a Special Resolution. The notice was dispatched on May 19, 2026 via electronic mode to eligible shareholders as of the cut-off date May 15, 2026. E-voting commenced on May 20, 2026 and will conclude on June 18, 2026 at 5:00 PM IST. The company has appointed Mr. Gaurav Thakur as scrutinizer, and results will be announced by June 20, 2026. The appointment is being conducted in compliance with SEBI LODR Regulations and Companies Act, 2013 provisions.

Likely market impact

Shareholders of NIBE Limited should cast their votes before June 18, 2026. If approved, this appointment will strengthen the Board's independence. The stock is listed on BSE (Code: 535136) and NSE (Symbol: NIBE).