NIBE Limited Issues Corrigendum to EGM Notice Dated December 29, 2025
NIBE Limited issued a corrigendum to its EGM notice dated December 29, 2025. The notice clarifies preferential allotment details, including funding for new facilities (₹126.85 crore), debt repayment (₹75 crore), and working capital (₹25 crore). The issue price is set at ₹1,247.44 per share/warrant. The EGM is scheduled for January 22, 2026.
The preferential allotment involves significant funding for capital expenditure and working capital, along with changes in shareholding patterns. These details are material to investors and may impact the company's financial structure and ownership.
The announcement is a corrigendum to a previous EGM notice. While it details financial aspects of a preferential allotment, it does not introduce new positive or negative developments but rather clarifies existing information.
NIBE Limited has issued a corrigendum to its Extraordinary General Meeting (EGM) Notice originally circulated on December 30, 2025. This corrigendum, dated January 12, 2026, addresses changes to the Notice and Explanatory Statement that was approved by the Board on December 29, 2025, concerning the issuance of Equity Share Warrants and Equity Shares on a preferential basis.
The key amendments include clarifications and insertions in the Explanatory Statement regarding the objects of the issue, funding of capital expenditure, and the relevant date for price determination. Specifically, the company has detailed the allocation of funds for new manufacturing facilities (₹126.85 crore), repayment of existing borrowing (₹75 crore), and augmentation of working capital (₹25 crore), with utilization timelines provided.
Furthermore, the corrigendum specifies the price determination for the issuance of Warrants and Equity Shares, which is Rs. 1,247.44, based on VWAP calculations. It also updates the time frame for the completion of the preferential allotment and provides revised tables for pre-issue and post-issue shareholding patterns for various allottees, including promoter Mr. Nibe Ganesh Ramesh and non-promoters like Venus Investments VCC, Eminence Global Fund PCC, and North Star Opportunities Fund VCC.
The corrigendum also clarifies the lock-in period for the Equity Shares and Warrants and provides updated links to the valuation report and Practicing Company Secretary's Certificate on the company's website. The EGM is scheduled for January 22, 2026, with remote e-voting available. The corrigendum will be read in conjunction with the original EGM notice, and all other items remain unchanged.
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NIBE Limited filed this with the NSE as a statutory disclosure, categorised under egm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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