Nimbus Projects Limited has announced board approval for a significant secured loan facility of Rs.200 Crore from Aditya Birla Housing Finance Limited. The board meeting held on February 24, 2026, approved this credit facility to support the company's ongoing project development activities.

Loan Facility Details

The approved financing arrangement encompasses several key parameters that demonstrate the structured nature of this corporate borrowing:

Aditya Birla Housing Finance Limited, with its registered office at Indian Rayond Compound, Vereval, Gujarat-362266 and branch office at 3rd Floor, Plot No.C-171/2, Sector-15, Noida, Uttar Pradesh-201301, will provide the facility in various tranches as per project requirements.

Project Application and Purpose

The loan facility has been specifically earmarked for the company's "SUNWORLD ARISTA (PH-2 T-5,7,8,9) CLUB" project. This targeted allocation demonstrates the company's strategic approach to project financing and development activities. The phased disbursement structure aligns with typical real estate development financing patterns, allowing for fund utilization as project milestones are achieved.

Security and Collateral Framework

The Rs.200 Crore facility is backed by comprehensive security arrangements that provide multiple layers of protection for the lender:

Primary Security:

• Exclusive second charge (First Charge with Noida Authority) by way of equitable mortgage on land measuring 12161.97 sqm
• Property located at Plot no. GH-01C, sector 168, Noida
• Includes development rights and present & future free sale FSI of project land (excluding sold/allotted units)

Additional Security Measures:

• Exclusive charge by way of hypothecation on scheduled sales receivables from sold units
• Hypothecation on receivables from unsold units of the Sunworld Arista project
• Exclusive charge on the project's escrow account and all monies credited therein
• Interest Service Reserve Account equivalent to three-month interest to be created at each disbursement

The security structure reflects standard practices in real estate project financing, providing comprehensive coverage across land assets, receivables, and cash flows. The lien marking requirement within 15 days of each disbursement ensures proper documentation and legal compliance.

Regulatory Compliance and Disclosure

This announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to transparent corporate governance. The disclosure provides stakeholders with detailed information about the financing arrangement, including all material terms and security provisions.

The facility approval represents a significant development in the company's capital structure and project financing capabilities, enabling continued progress on the Sunworld Arista development project.

Source: None/Company/INE875B01015/896f2d6a-d5df-459b-9b41-a4f6efe091d3.pdf

Nimbus Projects Limited has successfully completed the full repayment of its loan facility from Bajaj Housing Finance Limited, marking a significant milestone in the company's debt management strategy. The real estate development company informed BSE about this development on February 24, 2026, through a regulatory disclosure.

Loan Repayment Details

The company has fully repaid the loan facility that was originally disclosed to the stock exchange in February 2025. The complete repayment represents a substantial financial transaction for the company.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events that could impact investor decisions.

Post-Repayment Actions

With the loan facility now fully closed, Nimbus Projects Limited will initiate the necessary legal procedures for charge satisfaction. The company stated that it will begin the process for satisfaction of the charge with the Registrar of Companies, which is a standard procedure following complete loan repayment.

Corporate Communication

The announcement was signed by Ritika Aggarwal, Company Secretary & Compliance Officer, who digitally authenticated the document on February 24, 2026. The disclosure is also available on the company's official website at www.nimbusprojectsltd.com , ensuring transparency and accessibility for all stakeholders.

This complete loan repayment demonstrates the company's commitment to managing its financial obligations and maintaining a healthy balance sheet structure.