Nimbus Projects Incorporates Subsidiary IITL Nimbus The Hyde Park Pvt Ltd

Nimbus Projects Ltd has announced the incorporation of its subsidiary, IITL Nimbus The Hyde Park Private Limited, on October 08, 2026. This entity was previously a partnership firm where Nimbus Projects was a partner. The subsidiary has an authorized share capital of ₹50,00,000 and a paid-up share capital of ₹25,00,000. Nimbus Projects will hold a 66.66% stake, with the Managing Director, Mr. Bipin Agarwal, holding the remaining 33.37%. The company's capital contribution of ₹25,00,000 in the partnership firm has been converted into equity shares. The subsidiary will engage in real estate activities, including construction, development, and related consultancy services, consolidating Nimbus Projects' existing business lines.