Nimbus Projects secures exchange approval for promoter reclassification
- BSE and NSE approved reclassification of four promoter group members to public category
- Total shares involved in the reclassification amount to 8,800 equity shares
- Nem Chand Jain holds the largest stake among the reclassified members with 5,200 shares
- Approval follows application submitted by the company on May 30, 2026
- Disclosure made under Regulation 31A of SEBI Listing Regulations
*this image is generated using AI for illustrative purposes only.
Nimbus Projects has received approval from both the Bombay Stock Exchange and the National Stock Exchange to reclassify four members from the promoter group to the public category. The exchanges granted no-objection letters dated September 4, 2026, following an application submitted by the company in May 2026.
The reclassification involves four individuals who were previously categorized under the promoter and promoter group. This regulatory change affects a total of 8,800 equity shares, representing approximately 0.05% of the company's paid-up share capital.
Reclassification Details
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 company notified the stock exchanges via a letter dated September 5, 2026, signed by Company Secretary Ritika Aggarwal. The disclosure was made under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
While the National Stock Exchange provided a formal approval letter, the Bombay Stock Exchange's approval is reflected on its website. A screenshot evidencing the BSE approval has been enclosed with the filing due to technical issues preventing the download of the official letter. The company stated it will furnish the BSE approval letter once it becomes available for download.
Historical Stock Returns for Nimbus Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.69% | -12.88% | -19.03% | 0.0% | 0.0% | 0.0% |
How might this reclassification impact Nimbus Projects' promoter holding percentage and compliance with SEBI's minimum public shareholding requirements?
Are there any pending corporate actions or strategic restructuring plans that necessitated moving these specific individuals to the public category?
Could this change in shareholder classification affect the company's voting dynamics or board composition in upcoming annual general meetings?
15
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
