Nimbus Projects Limited submitted a corrigendum to its earlier intimation dated July 27, 2026 (Reference No. NPL/BSE/NSE/2026-27/28) regarding the proposed conversion/incorporation of a subsidiary company. This filing was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Conversion

Entity Being Converted: IITL-Nimbus, The Express Park View (partnership firm)

New Entity Name: IITL Nimbus The Express Park View Private Limited

Country of Incorporation: India

Date of Incorporation: Upon issuance of Certificate of Incorporation by Registrar of Companies

Ownership Structure

Current Partnership Structure:

  • Nimbus Projects Limited holds 95% capital contribution
  • Mr. Bipin Agarwal holds 5% capital contribution

Post-Conversion Structure:

  • Nimbus Projects Limited will hold 95% of paid-up equity capital
  • The proposed company will become a subsidiary of Nimbus Projects Limited

Business Details

Industry: Real Estate Industry

Business Activities: The proposed company will continue to undertake real estate development including construction, development, acquisition, sale, leasing and management of residential, commercial and other real estate projects, and provide allied real estate consultancy and related services.

Financial Considerations

Consideration Type: Share conversion in lieu of capital contribution

NPL's Capital Contribution in Partnership: ₹1,02,37,500 (Rupees One Crore Two Lakh Thirty-Seven Thousand Five Hundred only)

Shares Allotted to NPL: 10,23,750 (Ten Lakh Twenty-Three Thousand Seven Hundred Fifty) equity shares of ₹10 each

Total Subscription Value: ₹1,02,37,500

Regulatory Approvals Required

The conversion/incorporation is subject to:

  • Issuance of Certificate of Incorporation by the Registrar of Companies
  • Completion of all applicable statutory and regulatory formalities
  • Such other statutory approvals as may be required

Compliance References

  • Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/376 dated January 30, 2026
  • SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

The detailed information is provided in Annexure A and is available on the company's website at www.nimbusprojectsltd.com.