Nimbus Projects Limited
Agreement Details
Nimbus Projects Limited (NPL) has entered into a Strategic Investment Agreement dated October 07, 2026 with Sankalp Agencies Private Limited (SAPL) for making a strategic investment in a real estate development project.
Key Terms of Agreement
- Date of Agreement: October 07, 2026
- Purpose: Strategic financial investment by NPL towards development of a commercial real estate project
- Investment Size: ₹15.00 crore, payable in one or more tranches
- Project Location: Plot No. 05, Community Centre, Hari Nagar, New Delhi
- Project Land Details: Freehold commercial land admeasuring approximately 6,252.60 sq. m. (67,303 sq. ft.), acquired by SAPL through DDA e-auction
- Shareholding: NPL does not hold any equity shares or other securities in SAPL. The agreement does not involve acquisition of any shares or securities of SAPL by NPL.
- Utilization: Investment amount shall be utilized solely towards development and completion of the Project, not divertible for any other project or purpose
- Management Control: No change in management or control of NPL under the agreement
- Restrictions: No material restriction imposed on management or control of NPL
- Directorship Rights: Not applicable
- Consideration: Cash
- Normal Course of Business: Yes, represents strategic investment in real estate project as approved by competent authority
- Tenure: Investment remains until obtaining Completion Certificate, subject to early exit provisions
- Related Party Transaction: No
- Return Mechanism: NPL entitled to receive Investment Amount plus return determined by reference to overall return generated by the Project
- SAPL Responsibilities: Obtaining/maintaining necessary approvals, payment of balance consideration and other land-related dues, development completion, and compliance with applicable laws
Additional Information
The disclosure is also available on the company website at www.nimbusprojectsltd.com
Board Meeting Timing
The Board of Directors meeting commenced at 1:00 PM IST and concluded at 2:00 PM IST on October 07, 2026.
Filing Authority
Disclosure signed by Ritika Aggarwal, Company Secretary & Compliance Officer (Membership No: A69712) on October 07, 2026 at 4:53:25 PM IST.