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Nibe Limited has announced an Extra-Ordinary General Meeting (EGM) scheduled for Thursday, January 22, 2026, to be held through Video Conference (VC) or Other Audio Visual Means (OAVM). The primary purpose of this EGM is to consider and approve a preferential issue of up to 15,62,000 Convertible Warrants at ₹1,258 per warrant, potentially raising ₹1,964.96 crore. These warrants are proposed to be issued to promoters and non-promoters, including Mr. Nibe Ganesh Ramesh and Eminence Global Fund PCC – Eubilia Capital Partners Fund I. The company also plans to issue up to 4,40,000 Equity Shares at ₹1,258 per share, aiming to raise ₹553.52 crore from non-promoters, specifically Venus Investments VCC – Venus Stellar Fund and North Star Opportunities Fund VCC – Bull Value Incorporated VCC Sub-Fund.

The notice for the EGM, along with the e-voting information, was sent electronically to members as of the cut-off date of December 26, 2025. Remote e-voting will commence on Monday, January 19, 2026, and conclude on Wednesday, January 21, 2026. The results of the postal ballot are expected to be announced on or before January 26, 2026. CRISIL Ratings Limited has been appointed as the Monitoring Agency for the utilization of issue proceeds. The preferential issue of warrants will involve an upfront payment of 25% of the issue price, with the remaining 75% payable upon exercise and allotment of equity shares. The warrants are convertible into equity shares within 18 months of allotment. The equity shares issued will be listed on the BSE and NSE.