Nimbus Projects Limited has made a regulatory disclosure pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Details of the Proposed Subsidiary
- Name: IITL Nimbus The Hyde Park Private Limited
- Incorporation Method: Conversion of existing partnership firm IITL-Nimbus, The Hyde Park Noida
- Country of Incorporation: India
- Industry: Real Estate Industry
- Business Activities: Real estate development including construction, development, acquisition, sale, leasing and management of residential, commercial and other real estate projects, along with allied real estate consultancy and related services
Ownership Structure
- Current Partnership Structure: Nimbus Projects Limited holds 66.67% capital contribution, Mr. Bipin Agarwal holds 33.33% capital contribution
- Post-Conversion Ownership: Nimbus Projects Limited will hold 66.67% of paid-up equity capital (2,50,000 equity shares of ₹10 each) in the proposed company
- Relationship: The proposed company will become a subsidiary of Nimbus Projects Limited
Financial Consideration
- Nimbus Projects Limited will receive 2,50,000 equity shares of ₹10 each in lieu of its capital contribution of ₹25,00,000 in the partnership firm
- The subscription price for shares in the proposed company is ₹25,00,000 for 2,50,000 equity shares
Regulatory Approvals Required
The conversion/incorporation is subject to:
- Issuance of Certificate of Incorporation by the Registrar of Companies
- Completion of all other statutory approvals as may be required
Company Contact
Ritika Aggarwal, Company Secretary & Compliance Officer (Membership No: A69712) signed the disclosure on July 27, 2026 at 17:01:00 +05:30.
Additional Information
The complete disclosure is available on the company's website at www.nimbusprojectsltd.com