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

Nimbus Projects Limited disclosed its shareholding pattern for Q4FY26, revealing that promoter Bipin Agarwal held 679,554 equity shares, representing 3.51% of the total equity, as of March 31, 2026. The declaration confirms that no encumbrance was created on these shares, directly or indirectly, during the financial year ended March 31, 2026. This disclosure provides transparency regarding the status of the promoter's shareholding.

Separately, Anamica Financial Services Private Limited disclosed that it held 1,895,328 equity shares in Nimbus Projects Limited as of March 31, 2026, without creating any encumbrance on the holding during FY26. The declaration, addressed to BSE Limited, National Stock Exchange of India Limited, and the Audit Committee of Nimbus Projects Limited, confirms that the shares were not pledged or charged.

Brothers Trading Private Limited also submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company declared that it held 948,839 equity shares of Nimbus Projects Limited as of March 31, 2026, and confirmed that no encumbrance was made on these shares, directly or indirectly, during the financial year ended March 31, 2026. The filing was signed by Director Anshul Mittal.

The disclosures comply with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filings signed by Bipin Agarwal, designated as Promoter/PAC, Director Virendra Tripathy, and Director Anshul Mittal, serve as formal confirmations to the exchanges and the company's audit committee.

Shareholding Details