Nimbus Projects submits official BSE approval letter for promoter reclassification
- Nimbus Projects submitted the official BSE no-objection letter dated September 4, 2026, for promoter reclassification.
- The filing resolves a technical issue that previously forced the company to provide only a screenshot of the approval.
- Four promoter group members are reclassified to the public category, affecting 8,800 equity shares.
- The change represents approximately 0.05% of the company's paid-up share capital.
*this image is generated using AI for illustrative purposes only.
Nimbus Projects has furnished the official no-objection letter from the Bombay Stock Exchange regarding the reclassification of four promoter group members to the public category. The company submitted this document in a filing dated September 7, 2026, resolving a technical issue that had previously prevented the download of the approval letter.
The exchange granted its no-objection on September 4, 2026, following an application submitted by the company in May 2026. In a prior intimation dated September 5, 2026, the company had enclosed a screenshot of the BSE approval due to website technicalities. The current filing replaces that screenshot with the formal letter, signed by Deputy Vice President Jayshree Soni and Deputy Manager Krishna Rathi.
Reclassification Details
The regulatory change affects a total of 8,800 equity shares, representing approximately 0.05% of the company's paid-up share capital. The approved changes shift the holding status of the following shareholders:
| Name | Category Pre-Reclassification | Category Post-Reclassification | Equity Shares Held | Percentage of Paid-up Share Capital |
|---|---|---|---|---|
| Nem Chand Jain | Promoter Group | Public | 5,200 | 0.03% |
| Sunil Jain | Promoter Group | Public | 1,000 | 0.01% |
| Anil Jain | Promoter Group | Public | 800 | 0.00% |
| Raj Kumar Agarwal | Promoter Group | Public | 1,800 | 0.01% |
The National Stock Exchange had also provided formal approval for the same reclassification. The disclosure was made under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Ritika Aggarwal signed the intimation letter to the exchanges.
The company stated that the copy of the letter is also available on its website. This action completes the documentation process initiated in May 2026 for the four individuals previously categorized under the promoter and promoter group.
Historical Stock Returns for Nimbus Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.19% | +7.26% | +12.97% | -0.96% | -0.96% | -0.96% |
Will the reclassification of these promoter group members to the public category impact Nimbus Projects' free float status or listing compliance requirements on BSE and NSE?
Are there any pending regulatory disclosures or further documentation required by SEBI following this finalization of the reclassification process?
How might this change in shareholder categorization affect the company's corporate governance structure or voting dynamics in future board resolutions?
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