Nimbus Projects Limited has appointed Ms. Neha Atal Poddar as an Additional Director (Non-Executive-Independent Woman Director) for a term of 5 years, effective July 27, 2026. The Board of Directors approved the appointment at its meeting held on Monday, July 27, 2026, following a recommendation from the Nomination and Remuneration Committee (NRC). The appointment is subject to the approval of the company’s shareholders. This move strengthens the board’s independence and diversity profile, aligning with regulatory requirements for independent representation.

The appointment was made pursuant to Regulation 30 (read with Part A of Schedule III) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board verified that Ms. Poddar is not debarred from holding the office of Director by any order of the Ministry of Corporate Affairs (MCA), Securities and Exchange Board of India (SEBI), or any other authority. Detailed disclosures were provided in accordance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Appointment Details

Ms. Neha Atal Poddar (DIN: 11761602) will serve as an Independent Director not liable to retire by rotation. Her term will run from July 27, 2026, to July 26, 2031. She holds no relationship with any existing Director or Key Managerial Personnel of the company.

Professional Profile

Ms. Poddar is a Fellow Chartered Accountant (FCA) and a post-graduate in Commerce (M.Com) from the University of Mumbai. She brings over a decade of post-qualification experience spanning statutory and tax compliance, financial management, and capital markets. As Proprietor of M/s. S. S. Khudania & Co., Chartered Accountants, New Delhi, she leads a practice covering audit, taxation, regulatory compliance, and corporate advisory services. Her earlier corporate tenure as General Manager – Finance & Accounts at EFC Logistics India Pvt. Ltd. (Mumbai) provided her with exposure to large-scale financial operations and corporate governance. She also possesses strong analytical skills in equity research and personal financial planning.

Nimbus Projects reported a 134.31% year-on-year growth in pre-sales booking value for the first quarter of FY27, reaching ₹157.36 crore, driven by robust residential demand across the National Capital Region. The company recorded customer collections of ₹75.91 crore during the period, a 49.75% increase from the corresponding quarter of the previous financial year, reflecting improved cash flow realization and sustained customer confidence.

The operational performance was supported by disciplined execution and a customer-centric approach in the markets of Noida, Greater Noida, and the Yamuna Expressway region. These areas continue to benefit from large-scale infrastructure development and enhanced connectivity, which have bolstered end-user demand.

Key Operational Highlights – Q1 FY27

The following table summarizes the company's key operational metrics for Q1 FY27 compared to Q1 FY26:

Bipin Agarwal, Chairman and Managing Director, attributed the growth to sustained homebuyer confidence and healthy demand. He highlighted the impact of infrastructure-led transformation in the NCR, specifically citing the Noida International Airport, Ganga Expressway, and expanding metro connectivity as factors enhancing the region's investment appeal.

Strategic Expansion

Nimbus Projects is expanding beyond the NCR into high-potential markets across Uttar Pradesh. The company has recently signed a Memorandum of Understanding (MoU) for the development of an integrated township project in Mathura under the Uttar Pradesh Township Policy, 2023.

The company is actively evaluating opportunities in other Tier II and Tier III cities, including Meerut, Vrindavan, Hapur, Rudrapur, Muzaffarnagar, Bareilly, and Rohtak. This expansion strategy focuses on integrated townships and mixed-use developments to capitalize on emerging growth markets.