Promoter Sahil Agarwal has disclosed his shareholding in nimbus projects , confirming he held 70,007 equity shares amounting to a 0.36% stake as of March 31, 2026. The declaration, submitted to the stock exchanges, confirms that no encumbrance was created on these shares, directly or indirectly, throughout the financial year ended March 31, 2026.

The disclosure was filed in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to periodically disclose their shareholding details and any encumbrance created on the shares held by them.

Shareholding Details

The following table outlines the shareholding details declared by the promoter:

The declaration addressed to the BSE Limited, National Stock Exchange of India Limited, and the Audit Committee of Nimbus Projects Limited serves to inform the authorities and maintain transparency regarding the promoter's holdings.

Nimbus Projects Ltd has executed a Memorandum of Understanding (MoU) to develop a 25-acre residential township at Village Neemgaon, Tehsil Govardhan, District Mathura, Uttar Pradesh. The agreement, signed on June 24, 2026, establishes a commercial understanding with M/s Kaamag Private Limited, M/s Maayin's Real Estate Private Limited, and Mr. Sooraj Kumar, setting the framework for the acquisition, development, and commercialization of the project pending definitive documents.

The proposed township will be developed under a 50:50 revenue sharing model, where 50% of the revenue will go to the land owners and 50% to the developer. Nimbus Projects Ltd will be responsible for planning, obtaining statutory approvals, construction, marketing, and commercialization. The transaction structure also contemplates the acquisition of additional identified land by the company and the land owners.

Financial terms outlined in the MoU include a non-refundable upfront consideration of ₹20 crore payable upon execution of the Joint Development Agreement (JDA). Additionally, the developer must pay a refundable security deposit of ₹10 crore within 60 days of the JDA execution or receipt of RERA registration, whichever is earlier. This deposit will be adjusted against the land owners' revenue shares.

The MoU provides the framework for due diligence, exclusivity, financing arrangements, security creation, and corporate approvals. The implementation of the transaction is subject to the execution of definitive documents, including the JDA, financing documents, security documents, and powers of attorney, following the completion of due diligence and receipt of necessary statutory and regulatory approvals.

Key Transaction Details