Nimbus Projects has issued a corrigendum to rectify the timing of its upcoming Board Meeting, correcting a typographical error in its earlier disclosure. The company announced that the meeting will commence at 3:30 PM on August 12, 2026, instead of the previously stated 12:00 PM. This clarification ensures stakeholders have accurate information regarding the schedule of the corporate governance event. The correction was communicated via an official filing to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on August 3, 2026.

The corrigendum references Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates prior intimation of Board Meetings. The company stated that the initial intimation, bearing Reference No. NPL/BSE/NSE/2026-27/32, contained an inadvertent error regarding the start time. Apart from the time correction, all other details contained in the original intimation remain unchanged. The notice of the Board Meeting is available on the company's website at www.nimbusprojectsltd.com .

Key Details of the Correction

The filing was signed by Ritika Aggarwal, the Company Secretary and Compliance Officer of Nimbus Projects Limited. Her membership number is A69712. The digital signature timestamp indicates the document was executed on August 3, 2026, at 17:15:52 +05'30. The company emphasized that this change is purely procedural and does not alter the agenda or other logistical arrangements previously disclosed.

Investors and shareholders are advised to note the corrected time for any relevant actions or monitoring of the meeting outcomes. The company’s scrip code on the BSE is 511714. No further changes to the meeting schedule or agenda were reported in this communication.

The Board of Directors of Nimbus Projects Limited approved acting as a guarantor for a secured term loan facility of up to ₹23.00 crore availed by its partnership firm subsidiary, IITL-Nimbus, The Express Park View. This decision, finalized during a board meeting held on July 27, 2026, enables the subsidiary to secure financing from ICICI Bank Limited at an interest rate of 10.10% per annum for a period of 36 months. The funds are designated for repaying existing term loans utilized for ongoing project costs and funding further project expenses, excluding land, TDR, and FSI costs.

This disclosure serves as a corrigendum to the company’s earlier intimation dated July 27, 2026, submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The correction was issued in response to queries from the Bombay Stock Exchange regarding the specific commencement and conclusion times of the board meeting. The meeting commenced at 01:00 p.m. and concluded at 03:00 p.m. on July 27, 2026.

Loan Structure and Security

The credit arrangement, sanctioned via a letter dated July 20, 2026, involves the disbursement of the ₹23.00 crore term loan in various tranches over time. The facility is secured by multiple charges provided by the borrower, ensuring risk mitigation for the lender.

Financial Implications

The loan facility is structured to support the liquidity needs of the borrower group by refinancing existing debt while providing capital for ongoing construction activities. The interest rate of 10.10% per annum applies to the rupee term loan component. Nimbus Projects Limited’s role as guarantor exposes it to contingent liabilities up to the full amount of the facility, although the security structure places primary recourse on the project assets and receivables.

What the Numbers Show

The allocation of the ₹23.00 crore loan specifically excludes land, Transferable Development Rights (TDR), and Floor Space Index (FSI) costs from the repayment scope of existing loans. This suggests that the current borrowing is targeted strictly at operational and construction-related expenditures rather than land acquisition or regulatory premium payments. The reliance on first pari passu charges across multiple asset classes—land, unsold inventory, and receivables—indicates a comprehensive collateral package designed to secure the entire tenor of the 36-month facility.