Proceedings of the 21st Annual General Meeting of the Company

September 29, 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, 25th Floor Dalal Street, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 535136 Symbol: NIBE Sub: Proceedings of the 21st Annual General Meeting of the Company held on Tuesday, September 29, 2026 Dear Sir/Madam, In terms of the General Circulars issued by the Ministry of Corporate Affairs (‘MCA‘) on the subject matters and in compliance with the provisions of the Companies Act, 2013 (‘Act‘) and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations‘), the 21st Annual General Meeting(‘AGM’) of the Company was held on Tuesday, September 29, 2026, at 03:00 P.M. (IST) through Video Conferencing (VC) to transact the business as stated in the AGM Notice dated August 14, 2026. In this regard, please find enclosed the proceedings of the AGM as Annexure A, as required under Regulation 30 of the Listing Regulations. The Proceeding of the AGM shall be made available on the Company’s website at www.nibelimited.com The AGM commenced at 03:00 p.m. and concluded at 03.22 p.m. Please acknowledge and take the same on your records. Yours faithfully, For Nibe Limited Komal Bhagat (Company Secretary & Compliance Officer) Membership No.: A49751 Encl.: As Above Office Address: Plot No. E-2/2, Phase III, Chakan Industrial Area, MIDC, Nanekarwadi (CT), Taluka – Khed, Pune – 410501 (Maharashtra) INDIA | Website: www.nibelimited.com | Phone No: +91 02135 - 637999 | CIN No: L34100PN2005PLC205813 Annexure A Proceedings of the 21st Annual General Meeting (‘AGM’) of the Company held on Tuesday, September 29, 2026 through video conferencing (VC) / other audio-visual means (OAVM) Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Annual General Meeting (AGM) of the Company was held on Tuesday, September 29, 2026 at 03:00 p.m. (IST) through video conferencing (VC) / other audio visual means (OAVM) in compliance with the circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI) in this regard, and as per the applicable provisions of the Companies Act, 2013 read with the relevant rules made thereunder and the proceedings of the same are given herein below; The following directors & KMPs were present through Video Conferencing mode: Mr. Ganesh Ramesh Nibe : Chairman & Managing Director and CEO Mr. Rajagopalan Madhvan : Independent Director M r. Bhagwan Krishna Gadade : I ndependent Director Mr. Dasharath Ram : Independent Director M r. Soonil V Bhokare : I ndependent Director Key Managerial Personnel: M rs. Komal Bhagat : C o m p a n y S e c r e t a ry & Compliance Officer In Attendance: Mr. Yash Singhal and Mr. : Representative of M/s Kailash Chand Jain & Co., Saurabh Chauhan Statutory Auditor Mr. Dhirendra Maurya : Representative of M/s D Maurya and Associates, Practicing C ompany Secretary (Scrutinizer) Mr. Kartik Bansal : V ice President Finance & Accounts, Nibe Limited Mr. Balakrishna Govid : CTO, Nibe Limited Swamy Before commencing with the proceedings of the Meeting, Mrs. Komal Bhagat, Company Secretary & Compliance Officer informed that the Members and Directors, who had joined the Meeting through video conferencing from their respective locations. She also informed that Mr. Yash Singhal, representative of Kailash Chand & Jain, Statutory Auditor, CS Dhirendra Maurya, representative of D Maurya and Associates, Scrutinizer had also joined the Meeting through video conferencing. She further informed the Members that the Company had availed the facility from National Securities Depository Limited (NSDL) for holding the AGM through VC/OAVM and for remote e-voting as well as e-voting at the time of AGM and explained the procedure for participation through video conferencing and e-voting at the Meeting. The members were informed that the Annual Report of the Company for the financial year 2025-2026, along with the Notice of the 21st Annual General Meeting, has been sent by electronic means to all the members whose email IDs were registered with the Company's Registrar and Transfer Agent (RTA) or the depositories and the Notice has also been sent to those members via courier who have not registered their email IDs with the RTA or the depositories. Office Address: Plot No. E-2/2, Phase III, Chakan Industrial Area, MIDC, Nanekarwadi (CT), Taluka – Khed, Pune – 410501 (Maharashtra) INDIA | Website: www.nibelimited.com | Phone No: +91 02135 - 637999 | CIN No: L34100PN2005PLC205813 Thereafter, the Company Secretary apprised the Members that Register of Members, Register of Directors and Key Managerial Personnel and the Register of Contracts or Arrangements in which the directors are interested and other Statutory Registers were available for inspection throughout the Meeting Mr. Ganesh Ramesh Nibe, Chairman and Managing Director of Company chaired the Meeting. Total 44 Members were present in the Meeting through video conferencing. Requisite quorum in accordance with Section 103 of the Companies Act, 2013 was being present, 21st Annual General Meeting was called to order by the Company Secretary with the permission of the Chairman. and the Company Secretary conducted the proceedings of the Meeting. The details of the number of members present at the AGM were as follows: Promoter(s) and Promoter(s) Group Public Total 6 38 44 He welcomed the Members, Directors and other invitees present at the Meeting. Thereafter the Company Secretary proceeded with the meeting and invited the Chairman to present his speech. The Chairman welcome and acknowledged the presence of Members and other invitees and briefed about the performance of the Company and plans of the Company. The Notice convening the Meeting together with financial statements, Board’s Report and Auditor’s report were taken as read with the consent of the Members present, as there was no qualification in the Audit report. Mr. Kartik Bansal, VP- finance of Nibe Limited brief about financial performance of the Company for the FY 2025-26. The Company Secretary then invited the Members who had registered themselves as speakers to express their views, ask questions and seek clarifications on the operations and financial performance of the Company and the resolutions proposed. Mr. Balakrishan Govid Swamy, CTO of Nibe Limited, responded to the queries raised by the members. The Chairperson informed the members that, Notice of the AGM along with the Annual Report 2025- 26 have already been circulated to all the Members of the Company through electronic mode, which is in compliance with the MCA and SEBI Circulars. The Members were briefed on the business items proposed to be transacted at the meeting, as under: Sr. Agenda Items Resolution Type Ordinary Business 1. To consider and adopt the Audited Standalone and Consolidated Ordinary Resolution Financial Statements of the Company for the financial year ended March 31, 2026 together with the Board report and Audit report thereon. Office Address: Plot No. E-2/2, Phase III, Chakan Industrial Area, MIDC, Nanekarwadi (CT), Taluka – Khed, Pune – 410501 (Maharashtra) INDIA | Website: www.nibelimited.com | Phone No: +91 02135 - 637999 | CIN No: L34100PN2005PLC205813 2. To declare a dividend of Rs. 1.30/- per Equity Share (13%) of the face Ordinary Resolution value of Rs.10/- each for the financial year ended March 31, 2026. 3. To appoint a director in place of Mrs. Ranjana Manoj Mimani (DIN: Ordinary Resolution 00083262), who retires by rotation and being eligible, offers herself for re-appointment. Special Business 4. Ratification of remuneration payable to Cost Auditors for the financial Special Resolution year ended on March 31, 2027. 5. Authorization to Board of Directors to borrow funds in excess of limit Sp [Showing first 8,000 characters — download PDF for full document]