Change in Director(s)

NIBE Limited announced a change in its board of directors, formalizing an existing appointment. Following a postal ballot, company members passed a special resolution on June 18, 2026. This resolution approved the permanent appointment of Mr. Rajagopalan Madhavan as an Independent Director. Mr. Madhavan had previously been appointed as an Additional Director (Non-Executive, Independent) by the Board on March 25, 2026. For investors, this signifies a formal update to corporate governance and solidifies the composition of the independent board.