Nimbus Projects Limited has incorporated IITL Nimbus The Express Park View Private Limited (EPV) as a subsidiary company on October 10, 2026. This follows the company's previous intimation dated July 27, 2026 (Reference No. NPL/BSE/NSE/2026-27/28) regarding the proposed conversion of IITL-Nimbus, The Express Park View partnership firm into a subsidiary.

The subsidiary details are as follows:

Company Structure:

  • Authorized Share Capital: ₹1,50,00,000 (Rupees One Crore Fifty Lakh only)
  • Paid-up Share Capital: ₹1,07,76,320 (Rupees One Crore Seven Lakh Seventy-Six Thousand Three Hundred Twenty only)

Shareholding Pattern:

  • Nimbus Projects Limited holds 10,23,750 Equity Shares (95% stake)
  • Mr. Bipin Agarwal, Managing Director and promoter of NPL, holds 53,882 Equity Shares (5% stake)

Transaction Details:

  • The transaction involved converting NPL's capital contribution of ₹1,02,37,500 in the partnership firm into equity shares of the new company
  • Acquisition cost: ₹1,02,37,500 for 10,23,750 equity shares of ₹10 each fully paid-up
  • The transaction was classified as a related party transaction but conducted on an "arm's length" basis

Business Operations:

  • EPV will continue real estate activities including construction of residential houses, commercial buildings, flats, farm houses, factory sheds and buildings
  • The company will act as builders, developers, colonizers, civil and constructional contractors
  • Will provide allied real estate consultancy and related services
  • The subsidiary's activities will consolidate NPL's existing business operations

Regulatory Approvals:

  • Approval received from Ministry of Corporate Affairs, CRC, IMT-Manesar 2, Haryana on October 10, 2026

Historical Financials (as partnership firm):

  • FY 2023-24: ₹172.69 crores turnover
  • FY 2024-25: ₹15.05 crores turnover
  • FY 2025-26: ₹220.29 crores turnover

Geographic Presence:

  • The acquired entity is located in India

The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule III to the said Regulations, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/376 dated January 30, 2026.