Nimbus Projects Limited, a prominent player in the real estate and infrastructure sector, recently held its 32nd Annual General Meeting (AGM) on September 23, 2025. The meeting, conducted through video conferencing, saw shareholders approving several significant resolutions that will shape the company's future direction.

Re-appointment of Bipin Agarwal as Chairman & Managing Director

One of the key highlights of the AGM was the re-appointment of Mr. Bipin Agarwal as the Chairman & Managing Director of Nimbus Projects Limited. Shareholders approved a three-year term for Mr. Agarwal, effective from August 31, 2025, to August 30, 2028. The resolution also set his annual remuneration at Rs. 60.00 lakh, payable as a monthly salary of Rs. 5.00 lakh.

Mr. Agarwal, aged 59, brings a wealth of experience to his role. As a Fellow Member of the Institute of Company Secretaries of India, he has 36 years of expertise in advisory, consulting, and syndication services. His proficiency spans construction, real estate, infrastructure development, portfolio management, finance, and corporate restructuring.

Appointment of Secretarial Auditor

In another significant move, the shareholders approved the appointment of Mr. Kapil Dev Vashisth as the Secretarial Auditor of the company. Mr. Vashisth, a peer-reviewed Company Secretary (M.No.: F5898, COP: 5458), will serve for a term of five consecutive years, from April 01, 2025, to March 31, 2030.

Approval of Related Party Transactions

The AGM also saw the approval of several resolutions related to material related party transactions. These included transactions with:

• Identified partnership firms
• Indogreen International
• Identified promoters and promoter group companies
• Subsidiary and associate companies
• Industrial Investment Trust Limited and IITL Projects Limited

Voting Results

The voting results demonstrated strong shareholder support for the proposed resolutions. All 17 resolutions put forward at the AGM were passed with an overwhelming majority. The e-voting process, which included both remote e-voting and e-voting during the AGM, saw participation from both promoter and public shareholders.

The strong approval rates indicate shareholders' confidence in the company's management and strategic decisions.

These developments at Nimbus Projects Limited suggest a focus on corporate governance, strategic growth, and stakeholder alignment. As the company moves forward with its re-appointed leadership and newly approved initiatives, it will be interesting to observe how these decisions impact its performance in the dynamic real estate and infrastructure sectors.

Nimbus Projects Limited , a company listed on the Bombay Stock Exchange (BSE), has witnessed significant changes in its shareholding pattern as two non-promoter shareholders reduced their stakes through open market transactions.

Mrs. Geeta Devi's Divestment

Mrs. Geeta Devi, a non-promoter shareholder, sold a total of 275,000 shares of Nimbus Projects Limited through open market transactions. The divestment occurred in two phases:

1. First sale: 25,000 shares (as part of a combined transaction with Mrs. Meenal Aggarwal) on September 11
2. Second sale: 250,000 shares on September 16

The transactions have decreased Mrs. Geeta Devi's stake in the company by 1.30 percentage points, from 2.59% to 1.29% of the total share capital.

Mrs. Meenal Aggarwal's Divestment

Mrs. Meenal Aggarwal, who is acting in concert with Mrs. Geeta Devi, participated in the sale of 25,000 shares of Nimbus Projects Limited on September 11.

The combined stake of Mrs. Meenal Aggarwal and Mrs. Geeta Devi has decreased by 0.13 percentage points, from 2.72% to 2.59% of the total share capital.

Company Details

Nimbus Projects Limited has a total equity share capital of 19,318,735 shares, with a face value of Rs. 10 each. The company's shares are listed on the Bombay Stock Exchange Limited.

Regulatory Compliance

Both transactions were reported in accordance with the relevant regulations. The disclosures were made to ensure transparency in the shareholding changes of the company.

It's important to note that neither Mrs. Geeta Devi nor Mrs. Meenal Aggarwal belong to the promoter or promoter group of Nimbus Projects Limited. These divestments by non-promoter shareholders indicate changes in the ownership structure of the company without affecting the promoter group's shareholding.