Nimbus Projects seeks reclassification of four promoter group members

Nimbus Projects Limited submitted an application to the stock exchanges on May 30, 2026, seeking approval to reclassify four members from its promoter group to the public category. The Board of Directors had previously approved the requests from Mr. Nem Chand Jain, Mr. Sunil Jain, Mr. Anil Jain, and Mr. Raj Kumar Agarwal on May 27, 2026. The reclassification is being pursued in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The applicants collectively hold a small portion of the company's equity. The Board determined that these individuals do not exercise control over the company's affairs, are not represented on the Board, and do not hold key managerial positions. Consequently, shareholder approval for this reclassification is not required as the members, along with persons related to them, do not hold more than 1% of the total voting rights in the company.

Shareholding Details

The following table outlines the shareholding of the applicants seeking reclassification:

S.No.	Name	No. of Equity Shares held	Percentage of Paid-up share capital
1.	Mr. Nem Chand Jain	5200	0.03%
2.	Mr. Sunil Jain	1000	0.01%
3.	Mr. Anil Jain	800	0.00%
4.	Mr. Raj Kumar Agarwal	1800	0.01%

Regulatory Compliance and Approvals

The reclassification is subject to approval by the stock exchanges where the company's equity shares are listed, specifically the Bombay Stock Exchange and National Stock Exchange. Upon receiving these approvals, the company will implement the changes in the shareholding pattern for the immediately succeeding quarter in compliance with Regulation 31 of the SEBI LODR Regulations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.71%	-2.95%	+18.11%	+5.66%	+5.66%	+5.66%

Nimbus Projects Limited reported a consolidated net loss of ₹87.98 crore for the financial year ended March 31, 2026, a significant reversal from the net profit of ₹63.67 crore recorded in the previous year. Consolidated revenue from operations rose to ₹228.75 crore in FY26 from ₹178.29 crore in FY25. The company's standalone financial results for the year also reflected a net loss of ₹12.12 crore, compared to a net loss of ₹12.74 crore in the prior year, with revenue from operations dipping to ₹1.46 crore from ₹1.51 crore.

The Board of Directors approved the annual audited financial results for the quarter and year ended March 31, 2026, at its meeting held on May 27, 2026. The Statutory Auditors, M/s. Oswal Sunil & Company, issued an unmodified opinion on the audited financial results for both standalone and consolidated statements. The filing was made in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated Financial Performance

The consolidated results encompass the holding company, its subsidiaries, associates, and jointly controlled entities. Total comprehensive income for the year stood at a loss of ₹88.01 crore, a sharp decline from the total comprehensive income of ₹63.76 crore in FY25. The company reported an exceptional income of ₹14.28 crore for the year, primarily arising from the adjustment of a delayed construction penalty provision by the partnership firm M/s IITL-Nimbus, The Express Park View.

Metric (Consolidated)	FY26 (₹ in Lakh)	FY25 (₹ in Lakh)
Revenue from Operations	22,875.62	17,829.71
Total Expenses	31,752.60	23,181.04
Net Profit/(Loss) for the period	(8,798.86)	6,367.49
Earnings Per Share (Basic)	(45.55)	58.75

Operational Highlights and Projects

The company provided an update on its project status as of March 31, 2026. The total salable area across completed and ongoing projects stands at approximately 91.02 lakh sq. ft., with a total sold area of 76.69 lakh sq. ft. The total sale value of the sold area is ₹3,538.96 crore, against which the company has received ₹2,822.65 crore.

Presales booking value for the quarter ended March 31, 2026 (Q4 FY26), reached ₹246.55 crore, marking a growth of 55.16% compared to ₹158.90 crore in the corresponding quarter of the previous year. Customer collections for the quarter surged by 123.88% to ₹101.89 crore from ₹45.51 crore in Q4 FY25.

Key Developments

The company announced that the partnership deed for IITL-Nimbus projects has been revised effective April 1, 2026, to retire M/s Nimbus Propmart Pvt. Ltd. and introduce Mr. Bipin Agarwal as a new partner. Additionally, the Completion Certificate for the second phase of the Express Park View project, comprising 16 Low Rise Apartment towers, was received on January 28, 2026. This led to the recognition of revenue of ₹220.30 crore for the year and a profit of ₹37.42 crore from the partnership firm.

Nimbus Projects also noted that it has been listed on the National Stock Exchange (NSE) effective April 6, 2026, in addition to its existing listing on the BSE. The company's net worth as of March 31, 2026, stood at ₹215.64 crore on a standalone basis. The audited financial results were published in the Financial Express and Jansatta on May 29, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.