Nimbus Projects Limited disclosed the outcome of its Board Meeting held on May 27, 2026, regarding the reclassification of promoter group members to public shareholders under SEBI LODR Regulation 31A.

The Board considered request letters dated May 15, 2026, from four members of the Promoter Group seeking reclassification from "Promoter Group" category to "Public" category:

  • Mr. Nem Chand Jain: 5,200 shares (0.03% of paid-up share capital)
  • Mr. Sunil Jain: 1,000 shares (0.01% of paid-up share capital)
  • Mr. Anil Jain: 800 shares (0.00% of paid-up share capital)
  • Mr. Raj Kumar Agarwal: 1,800 shares (0.01% of paid-up share capital)

Total shares subject to reclassification: 8,800 shares (0.05% of paid-up share capital)

The Board noted that pursuant to Regulation 31A(3)(a)(vi) of SEBI LODR Regulations, shareholder approval is not required as the promoter group members seeking reclassification and persons related to them together do not hold more than 1% of the total voting rights in the company.

The Board confirmed that the applicants:

  • Do not exercise control over the affairs of the Company, directly or indirectly
  • Are not represented on the Board of Directors of the Company
  • Do not hold any key managerial position in the Company
  • Do not possess any special rights with respect to the Company through formal or informal arrangements
  • Satisfy all other conditions specified under Regulation 31A of SEBI Listing Regulations

The Board unanimously approved the reclassification requests, subject to approval by BSE Limited and National Stock Exchange of India Limited, and any other regulatory approvals that may be required.

The approval will be given effect in the shareholding pattern of the immediately succeeding quarter in accordance with Regulation 31 of SEBI LODR Regulations, with compliance to be ensured with SEBI (Substantial Acquisition of Shares And Takeovers) Regulations, 2011 and SEBI (Prohibition of Insider Trading) Regulations, 2015.

The Board meeting commenced at 3:00 PM and concluded at 9:30 PM at the company's registered office at 1001-1006, Narain Manzil, 23, Barakhamba Road, New Delhi-110001.

The disclosure was signed by Ritika Aggarwal, Company Secretary & Compliance Officer (Membership No: A69712), and includes extracts of the Board meeting minutes as required by Regulation 31A(8)(b) of the Listing Regulations.