Nibe Limited Announces Sale of Subsidiary Nibe Aeronautics Limited
Nibe Limited announced on March 30, 2026, that its subsidiary, Nibe Defence and Aerospace Limited (NDAL), has entered into a Share Purchase Agreement (SPA) with Mr. Nibe Ganesh Ramesh for the sale of equity shares in Nibe Aeronautics Limited (NAL). Upon completion of the transaction, NAL will cease to be a subsidiary of NDAL and a step-down subsidiary of Nibe Limited.The consideration for the sale is not less than the original investment amount of Rs 1,52,00,000. Mr. Nibe Ganesh Ramesh, the Purchaser, is a Promoter of Nibe Limited.
The transaction is expected to be completed on or before May 30, 2026, and is subject to fulfillment of certain conditions precedent.
During the financial year ended March 31, 2025, NAL contributed 0.000% to Nibe Limited's turnover or revenue or income and 0.003% to its net worth.
The Board of Directors of NDAL has approved the disinvestment to Mr. Nibe Ganesh Ramesh.
Table: Details of the Transaction
| Particulars | Details |
|---|---|
| Date of Agreement | March 30, 2026 |
| Expected Completion Date | On or before May 30, 2026 |
| Consideration | Rs 1,52,00,000 |
| Purchaser | Mr. Nibe Ganesh Ramesh (Promoter of Nibe Limited) |
| Turnover/Revenue/Income Contribution (FY 2025) | 0.000% |
| Net Worth Contribution (FY 2025) | 0.003% |
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