Nimbus Projects Limited has submitted a regulatory disclosure to the BSE and NSE pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III.
The disclosure intimates a change in the designation of Mr. Bipin Agarwal (DIN: 00001276). Mr. Agarwal, who was holding the positions of Chairman and Managing Director, has stepped down from the position of Chairman of the Company with effect from November 05, 2026.
Consequent to this change, Mr. Bipin Agarwal shall continue to hold the position of Managing Director of the Company. The company confirms that this change is limited to his designation as Chairman and does not constitute his resignation or cessation as a Director. He will remain a Key Managerial Personnel. There is no change to the terms and conditions of his appointment and remuneration as Managing Director.
The stated reason for the change, as per the annexure, is the "implementation of discretionary corporate governance requirements."
Mr. Bipin Agarwal, in his letter to the Board of Directors, confirmed that there are no material reasons for his stepping down from the position of Chairman other than those stated in his communication.
The Board of Directors meeting on the date of the disclosure commenced at 03:00 p.m. (IST) and concluded at 08:00 p.m. (IST).
The disclosure was signed and submitted by Ritika Aggarwal (Company Secretary & Compliance Officer, Membership No: A69712) on November 05, 2026. The information is also available on the company's website at www.nimbusprojectsltd.com.
The filing references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Financial Impact: No financial impact is quantified or mentioned in the disclosure. The change is related to corporate governance and designation only.