Management Change5 Nov 2026, 10:11 pm
Nimbus Projects: Chairman Steps Down, MD Role Continues
AI Summary
Nimbus Projects Ltd announced that Mr. Bipin Agarwal will step down as Chairman of the company effective November 5, 2026. He will continue in his role as Managing Director and Key Managerial Personnel. The change is attributed to the implementation of discretionary corporate governance requirements, and Mr. Agarwal has confirmed there are no other material reasons for his stepping down from the Chairman position. His terms and conditions as Managing Director remain unchanged.
Key Highlights
- Mr. Bipin Agarwal to step down as Chairman on November 5, 2026.
- He will continue as Managing Director and KMP.
- Change is for corporate governance, not due to material issues.
- No change in MD role's terms or remuneration.
Price Impact
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