Promoter Reclassification27 May 2026, 11:01 pm
Nimbus Projects: Promoter Reclassification Approved
AI Summary
Nimbus Projects Ltd's Board of Directors approved the reclassification requests of Mr. Nem Chand Jain, Mr. Sunil Jain, Mr. Anil Jain, and Mr. Raj Kumar Agarwal from the 'Promoter Group' to the 'Public' category, in accordance with Regulation 31A of the SEBI LODR Regulations, 2015. The reclassification is subject to the approval of the Bombay Stock Exchange, National Stock Exchange, and any other required regulatory approvals. The individuals seeking reclassification collectively hold less than 1% of the total voting rights of the company.
Key Highlights
- Nimbus Projects approves promoter reclassification to public category.
- Reclassification aligns with SEBI LODR Regulations, 2015.
- Promoters seeking reclassification hold less than 1% voting rights.
- Board approval is subject to stock exchange and regulatory clearances.