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Nimbus Projects Limited
5 articles
Corporate governance and strategic shifts are taking shape at Nimbus Projects Limited. The company recently concluded its 33rd Annual General Meeting, approving key resolutions including the appointment of Doogar & Associates as statutory auditors and the addition of Neha Poddar and Anand Kumar to the board. Despite revenue growth to ₹22875.62 lakh, Nimbus Projects reported a consolidated loss of ₹8798.85 lakh for fiscal year 2026, prompting a focus on project delivery and expansion into Tier-2 cities through a joint development agreement. Furthermore, the company received approval to reclassify four promoter group members to the public category, signaling a potential shift in shareholder structure.
Nimbus Projects Subsidiary Hyde Park Incorporated
Nimbus Projects incorporated subsidiary IITL Nimbus The Hyde Park Private Limited on October 08, 2026.
The company holds 66.66% stake in the subsidiary through conversion of its partnership capital co
Nimbus Projects Enters ₹15 Crore Strategic Investment Agreement
Nimbus Projects Ltd disclosed a strategic investment agreement with Sankalp Agencies Pvt Ltd for a real estate project.
The company will invest ₹15 crore in tranches towards a commercial development i
Nimbus Projects Secures ₹30 Crore Loan from Associate
Nimbus Projects Limited avails unsecured ₹30 crore loan from associate company World Resorts Limited at 12% interest for 2 years.
Transaction qualifies as related party transaction due to common direc
Nimbus Projects FY26 Consolidated Loss ₹8798.85 Lakh
Chairman Bipin Agarwal presented the FY26 annual report, highlighting a consolidated loss of ₹8798.85 lakh despite revenue growth to ₹22875.62 lakh.
The company operates in real estate with two ongoin
Nimbus Projects Promoter Reclassification Approval
Nimbus Projects received BSE and NSE approval to reclassify four promoter group members to public category.
The reclassification affects Nem Chand Jain (5200 shares, 0.03%), Sunil Jain (1000 shares, 0