Nimbus Projects Limited has secured board approval for an unsecured loan facility of Rs 25.00 crore from its associate company World Resorts Limited. The decision was finalized during a board meeting held on February 24, 2026, following recommendations from the company's Audit Committee.

Loan Facility Details

The unsecured loan facility will be made available for business purposes and will be disbursed in tranches as required. The key terms of the agreement include an interest rate of 10% per annum for a tenure of 2 years.

Related Party Transaction Structure

The loan arrangement constitutes a related party transaction under Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Nimbus Projects Limited holds a 25.32% equity stake in World Resorts Limited, establishing the associate company relationship.

The transaction involves common leadership between both entities:

• Mr. Bipin Agarwal, Managing Director of Nimbus Projects, serves as a common director and holds 3,000,100 equity shares (4.85% stake) in World Resorts Limited
• Mr. Rajeev Kumar Asopa, Director, also serves on the boards of both contracting companies

Existing Financial Arrangements

This new facility adds to the existing financial relationship between the two companies. Nimbus Projects has previously availed an unsecured loan facility of Rs 5.00 crore from World Resorts Limited under similar terms of 10% per annum interest rate for 2 years. The outstanding amount from this previous arrangement currently stands at Rs 2.00 crore.

Regulatory Compliance

The company has confirmed that the transaction is being conducted on an arm's length basis, ensuring compliance with regulatory requirements for related party transactions. The disclosure has been made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with all relevant details provided to ensure transparency for stakeholders.

Nimbus Projects Limited has restructured its authority framework for determining material events and disclosures under regulatory compliance requirements. The Board of Directors conducted a meeting on February 10, 2026, specifically addressing the revision of authorities under Regulation 30(5) of SEBI Listing Obligations and Disclosure Requirement Regulations, 2015.

Revised Authority Framework

The board has designated three Key Managerial Personnel (KMPs) with joint and several authority to determine material events requiring stock exchange disclosures. This revision becomes effective from February 10, 2026, and aligns with the company's Policy on Determination of Materiality and Schedule III of SEBI regulations.

Authorized Personnel Details

The following table outlines the designated Key Managerial Personnel and their contact information:

Regulatory Compliance Framework

The revised authority structure ensures compliance with SEBI's materiality determination requirements. The authorized personnel will evaluate events and information based on established materiality criteria outlined in the company's internal policy and regulatory guidelines. This framework enables efficient decision-making for timely disclosure of material information to stock exchanges.

Documentation and Accessibility

The company has filed the necessary documentation with BSE Limited under scrip code 511714 and scrip ID NIMBSPROJ. Additionally, this information has been made available on the company's official website at www.nimbusprojectslltd.com for stakeholder access and transparency.