Nimbus Projects has disclosed that its subsidiary entity will secure a significant unsecured loan facility from an associate company to support its business operations. The Board of Directors approved this financial arrangement on January 05, 2026, following proper regulatory procedures and committee recommendations.

Loan Facility Details

The company's subsidiary, IITL-Nimbus The Palm Village, a joint venture partnership firm where Nimbus Projects holds a 95% partnership stake, will avail the loan facility from Nimbus (India) Limited. The transaction involves key financial parameters that demonstrate the structured approach to this inter-company financing arrangement.

Related Party Transaction Structure

The transaction involves multiple entities within the Nimbus group structure, creating a related party transaction scenario. Nimbus (India) Limited, the lender, serves as both an associate and promoter group company of Nimbus Projects, holding 18,22,381 equity shares representing 9.43% shareholding in the company. The borrowing entity, IITL-Nimbus The Palm Village, operates as a partnership firm where Nimbus Projects maintains the majority stake at 95%, while Nimbus Propmart Private Limited holds the remaining partnership interest.

Regulatory Compliance and Approvals

The transaction adheres to SEBI regulatory requirements under Regulation 30 and related party transaction norms. The Board of Directors considered and approved the loan facility based on the Audit Committee's recommendation during their meeting on January 05, 2026. The approval remains subject to shareholder consent, ensuring proper governance protocols are followed.

Key Stakeholder Involvement

The transaction involves common leadership across the entities, with Mr. Bipin Agarwal serving as a common director and shareholder in the relevant companies. Additionally, Mr. Rajeev Kumar Asopa, Non-Executive Director of Nimbus Projects, participates as a member of the management committee of the partnership firm. This interconnected leadership structure facilitates coordinated decision-making across the group entities.

Transaction Characteristics

The company has confirmed that this loan facility will be executed on an arm's length basis, maintaining fair market terms despite the related party nature of the transaction. The funds will specifically support The Palm Village partnership firm in achieving its business objectives and meeting payment obligations, indicating operational financing needs rather than expansion capital requirements.

Nimbus Projects Limited announced that its Board of Directors has approved an unsecured loan facility of ₹20.00 crore from DRC Systems India Limited. The approval was granted during a board meeting held on January 05, 2026, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Loan Facility Details

The comprehensive loan arrangement includes several key parameters that define the financial structure and terms of the facility.

Lender Information and Purpose

DRC Systems India Limited, the lending entity, operates from its office located at 24th floor, GIFT Two Building, Block No. 56, Road-5C, GIFT City, Gandhinagar-382050, Gujarat. The loan facility will be utilized by Nimbus Projects Limited specifically for working capital and general business requirements, providing the company with enhanced financial flexibility for its operations.

Implementation Timeline

While the board approval has been secured, the formal loan agreement between Nimbus Projects Limited and DRC Systems India Limited is scheduled to be executed subsequently. The company has indicated that the agreement documentation process will follow the board approval, ensuring all regulatory and legal requirements are properly addressed.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, specifically under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Nimbus Projects Limited has also made this information available on its official website at www.nimbusprojectsLtd.com , ensuring transparency and accessibility for all stakeholders.

This unsecured loan facility represents a strategic financial move for Nimbus Projects Limited, providing the company with additional capital resources to support its working capital needs and general business operations over the next three years.