Date: September 29, 2026

Financial Results (Standalone & Consolidated)

Standalone Results for FY2026:

  • Revenue from operations: ₹146.73 lakh (compared to ₹151.12 lakh in previous year)
  • Loss: ₹1212.94 lakh (compared to loss of ₹1274.92 lakh in previous year)

Consolidated Results for FY2026:

  • The company consolidated financial statements with subsidiaries, partnership firms, and associate companies
  • Subsidiaries consolidated: N.N. Financial Services Private Limited, Pelican Realty Ventures Private Limited
  • Partnership firms consolidated: IITL-Nimbus, The Express Park View and IITL-Nimbus, The Palm Village (company holds 95% of partners' capital)
  • Associate companies consolidated: Capital Infraprojects Private Limited, Brothers Trading Private Limited, Nimbus (India) Limited, World Resorts Limited
  • Consolidated revenue from operations: ₹22875.62 lakh (compared to ₹17829.71 lakh in previous year)
  • Consolidated loss: ₹8798.85 lakh (compared to profit of ₹6411.66 lakh in previous year)

Project Portfolio Update

Completed Projects (4 projects delivered):

  • Express Park View-I
  • Express Park View-II
  • Hyde Park
  • Golden Palms
  • Total saleable area across all completed projects: approximately 65.31 lakh sq. ft.

Ongoing Projects:

Nimbus The Palm Village:

  • Total saleable area: approximately 14.18 lakh sq. ft.
  • Unit composition: 1,172 residential units and 44 commercial units
  • Units sold as of March 31, 2026: 978 units
  • Total sales value: ₹79,249 lakh
  • Construction progress: progressing at full pace
  • Possession commitment date: on or before March 2028

Nimbus Sunworld Arista:

  • Total saleable area: approximately 11.27 lakh sq. ft.
  • Unit composition: 340 units
  • Units sold as of March 31, 2026: 16 units
  • Total sales value: ₹9,979.21 lakh
  • Construction progress: progressing satisfactorily
  • Possession commitment date: on or before December 2029

Strategic Initiatives

The company has entered into a Joint Development Agreement (JDA) for development of a residential plotted township in Vrindavan:

  • Location: Vrindavan
  • Project type: Residential plotted township
  • Land area: Approximately 25 acres
  • Land acquisition status: Already completed
  • Strategic significance: Marks expansion into Tier-2 city real estate market

Future Strategy

  • Focus on expanding beyond Delhi-NCR region into select Tier-2 cities
  • Objective to broaden geographical footprint and explore new growth opportunities
  • Intention to evaluate similar opportunities across Tier-2 cities and emerging markets
  • Focus on creating sustainable long-term value for shareholders

Corporate Governance

The company emphasized commitment to:

  • Good corporate governance
  • Transparency
  • Regulatory compliance
  • Maintaining high standards of integrity in business operations

Market Context

The speech noted that the Indian real estate sector continues to play an important role in the country's economic growth, supported by:

  • Increasing urbanisation
  • Rising household incomes
  • Development of infrastructure
  • Changing lifestyles
  • Customer expectations evolving to focus on location, quality, amenities, transparency and timely delivery

Acknowledgments

The Chairman expressed gratitude to:

  • Shareholders for their continued trust and confidence
  • Customers, bankers, financial institutions, business associates, consultants, contractors
  • Regulatory authorities and all other stakeholders
  • Management team and employees for their efforts and commitment