Nimbus India increases stake in Industrial Investment Trust

Nimbus (India) Limited has further increased its stake in Industrial Investment Trust by acquiring 54,000 equity shares on June 16, 2026. The purchase was executed through the open market, raising the promoter group's total holding to 57.02% of the total voting capital. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011.

Prior to this acquisition, the promoter group collectively held 56.75% of the total share capital, amounting to 1,11,26,692 shares. Following the transaction, the group's holding increased to 1,11,80,692 shares. The acquisition was made solely by Nimbus (India) Limited, while other Persons Acting in Concert (PAC)—N. N. Financial Services Private Limited, Mr. Bipin Agarwal, and Mr. Swarn Mohinder Singh—did not participate in this specific purchase.

The equity share capital of Industrial Investment Trust Limited remains at 1,96,08,780 equity shares of ₹10 each, aggregating to ₹19,60,87,800. The total diluted share capital post-acquisition stands at 2,25,47,550 equity shares of ₹10 each, aggregating to ₹22,54,75,500.

Shareholding Pattern

The table below details the changes in the shareholding of the promoter group before and after the acquisition:

Entity	Shares Before	% Before	Shares After	% After
Nimbus (India) Limited	39,88,732	20.34	40,42,732	20.61
N N Financial Services Private Limited	70,87,960	36.15	70,87,960	36.15
Bipin Agarwal	25,000	0.13	25,000	0.13
Swarn Mohinder Singh	25,000	0.13	25,000	0.13
Total	1,11,26,692	56.75	1,11,80,692	57.02

Transaction Details

The acquisition was disclosed to the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited. The filing confirms that the acquirer belongs to the promoter group. No other modes of acquisition, such as preferential allotment or inter-se transfer, were involved in this transaction.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.56%	-1.66%	-14.93%	-16.16%	-21.02%	+92.12%

Industrial Investment Trust Limited has submitted an application to BSE Limited and National Stock Exchange of India Limited on May 26, 2026, seeking approval for the reclassification of Mr. Swaran Singh from the promoter category to the public category. This move follows the Board's approval on May 23, 2026, and is subject to necessary regulatory clearances. The reclassification impacts Mr. Singh's status as he currently holds 25,000 equity shares, representing 0.13% of the total voting rights excluding GDRs.

Mr. Swaran Singh had requested this change on April 10, 2026. The Board evaluated the request and confirmed that he is not part of the Board, does not hold any key managerial position, and does not participate in the company's management. Consequently, the reclassification does not require shareholder approval as the promoter and related persons hold less than 1% of the total voting rights, complying with Regulation 31A(3)(a)(vi) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholding Details

The table below outlines the shareholding details relevant to the reclassification application:

Parameter	Details
Name of Shareholder	Mr. Swaran Singh
Current Category	Promoter
Requested Category	Public
Equity Shares Held	25,000
% of Holding (excluding GDR)	0.13%
% of Holding (including GDR)	0.11%

Regulatory Compliance

The company has confirmed that Mr. Singh satisfies all conditions specified in Regulation 31A(3)(b) of the SEBI LODR Regulations. The Board has authorized Dr. Bidhubhusan Samal, Chairman, Mr. Bipin Agarwal, Managing Director, and Ms. Cumi Banerjee, CEO (Secretarial, Legal and Admin) & Company Secretary, to complete all required filings and formalities with the exchanges.