
Nimbus Projects: 4 Promoter Group Members Reclassified to Public
Nimbus Projects Ltd has received approval from BSE and NSE for the reclassification of four members from the 'Promoter Group' to the 'Public' category, as per Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The individuals reclassified are Mr. Nem Chand Jain, Mr. Sunil Jain, Mr. Anil Jain, and Mr. Raj Kumar Agarwal. This move signifies a change in their status within the company's shareholder structure, with their holdings now categorized under public shareholders. The company has provided necessary documentation and approvals from the stock exchanges, including an annexure for the NSE approval and a screenshot for BSE approval due to a technical issue.
Key Highlights
- Four promoter group members reclassified to public category.
- Approval received from BSE and NSE under Regulation 31A.
- Reclassification impacts shareholder structure and disclosures.
- Company to provide BSE approval letter upon availability.
Price Impact
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