Nibe announced a series of key board decisions on Thursday, November 13, including a change in the company’s finance leadership and approval for a strategic acquisition.
The board formally took note of the resignation of Mr. Rajesh Khatri, Chief Financial Officer (CFO), with effect from November 12, 2025. The company stated that the resignation was due to personal reasons. A copy of his resignation letter dated November 12, 2025 was submitted to the exchanges, with the company noting that it is self-explanatory. Details as per Regulation 30 of the Listing Regulations were enclosed as Annexure I.
In another major development, the board approved the acquisition of a 48.95% shareholding in Nibe Meson Naval Limited, currently held by Quest Flow Controls Limited (formerly Meson Valves India Limited). The company said that the required disclosures under Regulation 30 have been provided in Annexure II.
Further, based on the recommendations of the Nomination and Remuneration Committee, the board approved the appointment of Mr. Jigar Shah as the new Chief Financial Officer of the company. His appointment takes effect immediately, replacing outgoing CFO Rajesh Khatri.
