Nimbus projects Limited has announced the cancellation of a proposed long-term unsecured loan facility worth ₹25.00 crore following a Board of Directors meeting held on January 5, 2026. The decision was made based on the recommendation of the company's Audit Committee.

Loan Facility Details

The cancelled facility was originally proposed for IITL-Nimbus, The Express Park View, which operates as a joint venture partnership firm of the company. The loan was to be availed from Nimbus (India) Limited, identified as an associate of the company.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company referenced its previous communication dated November 14, 2025, bearing reference number NPL/BSE/2025-26/68, indicating this matter had been under consideration for some time.

Corporate Governance

The decision demonstrates the company's adherence to proper corporate governance practices, with the Audit Committee playing a key role in recommending the cancellation. The Board's acceptance of this recommendation reflects a structured decision-making process within the organization.

The disclosure has been made available on the company's official website at www.nimbusprojectsLtd.com , ensuring transparency and accessibility for stakeholders and investors.

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.