NIMBUS PROJECTS LTD.

Nimbus Projects Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in accordance with the company's Insider Trading Code and SEBI regulations. The window will be shut from July 01, 2026, until 48 hours after the declaration of the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. This restriction applies to all Designated Persons and their Immediate Relatives. The specific date for the Board Meeting to approve these financial results will be communicated later.

Nimbus Projects Ltd has executed a Memorandum of Understanding (MoU) with Kaamag Private Limited, Maayin's Real Estate Private Limited, and Mr. Sooraj Kumar, with Dashrath Singh Naruka as a confirming party. This MoU outlines a commercial understanding for the acquisition, development, and commercialization of a proposed township project on approximately 25 acres of land in Neemgaon, Mathura, Uttar Pradesh. The development will follow a 50:50 revenue sharing model between the landowners and Nimbus Projects, which will handle planning, approvals, construction, and marketing. The company will pay an upfront non-refundable consideration of ₹20 Crores and a refundable security deposit of ₹10 Crores upon execution of the Joint Development Agreement.

Nimbus Projects Ltd has submitted an application to BSE and NSE for the reclassification of certain individuals from the 'Promoter/Promoter Group' category to the 'Public' category. This action follows board approval on May 27, 2026, and complies with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The individuals seeking reclassification include Mr. Nem Chand Jain, Mr. Sunil Jain, Mr. Anil Jain, and Mr. Raj Kumar Agarwal.

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.

Nimbus Projects Ltd has secured a term loan facility of ₹250 Crore from Piramal Finance Limited. The loan, approved by the Board of Directors on May 27, 2026, will be utilized for general corporate purposes. IITL-Nimbus, The Palm Village will act as a co-borrower. The loan is divided into two facilities: ₹200 Cr at 13.00% p.a. and ₹50 Cr at 11.75% p.a., both fixed for a 48-month period. The loan is secured by mortgage over leasehold land, hypothecation of project receivables, and personal guarantees.

Nimbus Projects Ltd has appointed M/s Doogar & Associates (D&A), Chartered Accountants, as the Statutory Auditors for a term of five years, commencing from the conclusion of the 33rd Annual General Meeting until the conclusion of the 38th Annual General Meeting, subject to shareholder approval. This appointment follows the completion of the tenure of the existing Statutory Auditor, M/s. Oswal Sunil & Company. The decision was made based on the recommendation of the Audit Committee during a Board of Directors meeting held on May 27, 2026. The Board Meeting commenced at 03:00 p.m. and concluded at 09:30 p.m.

Nimbus Projects Ltd has appointed M/s S N R S & Associates, Chartered Accountants, as its Internal Auditors for the financial year 2026-27. The appointment was approved by the Board of Directors on May 27, 2026, based on the recommendation of the Audit Committee. M/s S N R S & Associates is a peer-reviewed firm established in 1999 with extensive experience in various audit and advisory services across diverse sectors.

Nimbus Projects Ltd's Board of Directors approved the annual audited financial results for the quarter and financial year ended March 31, 2026, in a meeting held on May 27, 2026. The results, along with the auditor's report from M/s. Oswal Sunil & Company, and related financial statements, are available on the company's website and the websites of BSE and NSE. The auditor's report expresses an unmodified opinion on the standalone financial results.

Nimbus Projects Ltd has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The results, along with the statement of assets and liabilities, cash flow statements, and auditor's report (with unmodified opinion), were approved by the Board of Directors in a meeting held on May 27, 2026. The auditor's report was issued by M/s. Oswal Sunil & Company, Chartered Accountants. The financial results are available on the company's website and the websites of BSE and NSE.

Nimbus Projects Ltd has entered into a Memorandum of Understanding (MoU) with M/s Kaamag Pvt. Ltd. and M/s Maayins Real Estate Pvt. Ltd. for the proposed collaboration/development of approximately 25 acres of land near Radha Kund, Vrindavan, District Mathura, Uttar Pradesh. Nimbus Projects will pay ₹20,00,00,000 as a non-refundable upfront amount and an additional ₹10,00,00,000 as a security deposit. The project will follow a joint development/revenue sharing model with a 50:50 split for residential and commercial development.