NIBE Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on January 22, 2026
NIBE · price
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NIBE Limited has called an Extra-Ordinary General Meeting on January 22, 2026 (via video conferencing) to seek shareholder approval for two preferential allotments. The first is the issue of up to 15,62,000 convertible warrants at Rs. 1,258 each (face value Rs. 10, premium Rs. 1,248), which could raise up to ~Rs. 196.5 crore if fully exercised. Allottees are promoter Mr. Nibe Ganesh Ramesh (10,01,500 warrants, ~Rs. 126 crore) and Eminence Global Fund PCC – Eubilia Capital Partners Fund I (5,60,500 warrants, ~Rs. 70.5 crore). The second proposal is to issue up to 4,40,000 equity shares at Rs. 1,258 each, raising up to ~Rs. 55.35 crore from Venus Investments VCC – Venus Stellar Fund and North Star Opportunities Fund VCC – Bull Value Incorporated VCC Sub-Fund. Combined, the company could raise up to ~Rs. 251.85 crore. CRISIL Ratings has been appointed as monitoring agency for use of proceeds, and e-voting will run from January 19 to January 21, 2026.
If approved, this would bring meaningful capital onto the books (~Rs. 251.85 crore potential) along with promoter confidence in the business, but existing shareholders will see dilution once warrants are converted (warrants are exercisable within 18 months). The price is set near the SEBI floor of Rs. 1,257.63, and allotments will carry lock-in as per ICDR Regulations, so there is no immediate exit risk for new investors.