Saffron Holdings declares no encumbrance of Nimbus Projects shares
Saffron Holdings Private Limited disclosed holding 1,622,363 equity shares in Nimbus Projects Limited as of March 31, 2026, with no encumbrance reported during the financial year. The declaration was filed under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and addressed to BSE, NSE, and the company's audit committee.
*this image is generated using AI for illustrative purposes only.
Saffron Holdings Private Limited has confirmed that it holds 1,622,363 equity shares in Nimbus Projects Limited as of March 31, 2026, and has not created any encumbrance on these shares during the financial year. This disclosure, made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, clarifies the status of the shareholding for the record of the stock exchanges and the company's audit committee.
The declaration specifies that the shares were free from any charge or lien, directly or indirectly, throughout the financial year ended March 31, 2026. The communication was addressed to the listing departments of BSE Limited and National Stock Exchange of India Limited, as well as the Audit Committee of Nimbus Projects Limited.
Disclosure Details
The filing provides the following specific details regarding the shareholding and the declaration:
| Entity | Saffron Holdings Private Limited |
|---|---|
| Target Company | Nimbus Projects Limited |
| Shares Held | 1,622,363 Equity Shares |
| Date of Holding | March 31, 2026 |
| Encumbrance Status | No encumbrance made during FY26 |
| Regulatory Reference | Regulation 31(4) of SEBI (SAST) Regulations, 2011 |
The letter was signed by Virendra Tripathy, Director of Saffron Holdings Private Limited, on April 01, 2026. The disclosure serves to inform the exchanges and the audit committee about the unencumbered nature of the substantial shareholding.
Historical Stock Returns for Nimbus Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.83% | +1.20% | -0.25% | +4.48% | +4.48% | +4.48% |
Does Saffron Holdings intend to increase its stake in Nimbus Projects Limited in the upcoming fiscal year?
How will the unencumbered status of these shares affect Saffron Holdings' ability to leverage them for future financing?
Could this disclosure signal a potential takeover bid or a change in the strategic direction of Nimbus Projects Limited?
15
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
