NIBE LTD - Manufacturing of critical components in defence industry

[Nabendu]

Forensics and the art of triangulation

Adding to the curious case of Nibe Limited . What got me excited to even research on this company was the fact that it was in the Defense Sector and as with the case with any micro cap companies in the space it is a black box but I strongly believed that the markets know something which I do not considering its astronomical rise in the market price… My intention of writing this post is to post the facts which I have collected on this is micro - cap company Background 2005 - Incorporated as…

Forensics and the art of triangulation

What justifies the following events 2023 August : Resignation of Mrs Manjusha Nibe from WTD ( Ironically Resignation letter still references the Violet Dream Citi Apartment as her address ) August : Resignation of Statutory Auditors ( Appointed in 2022 for a term of 5 years ending 2027. Resigned in 2023 ) Oct : Resignation of Senior Management ( Mr. Vishnoo K Prathap Chief Innovation Officer / Mrs. Jasleen Kaur Arora Head SCM ) Oct : Resignation of CEO ( Mr. Sachin Raosaheb Shinde ) . New …

Also some more insights on this beautiful company

Read the compliance report for FY 2023-2024 Link

22nd April 2024 Resignation of CFO Link

17th April 2024 Resignation of Independent Director Link

15th March 2024 Resignation of Company Secretary Link