Nimbus Projects Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving three special resolutions related to material related party transactions. The company submitted the voting results to BSE Limited on February 08, 2026, following the completion of the remote e-voting process under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Submission and Compliance

The company submitted its formal communication to BSE Limited through letter NPL/BSE/2025-26/97, providing comprehensive voting results and scrutinizer's report. The submission included detailed annexures covering voting results and the scrutinizer's report prepared by Lalit Narayan Singh of L N Singh & Associates, Company Secretaries.

Postal Ballot Process and Timeline

The postal ballot process was conducted through remote e-voting, commencing at 9:00 a.m. IST on January 09, 2026, and concluding at 5:00 p.m. IST on February 07, 2026. The company had 2429 shareholders on record as of the cut-off date of January 06, 2026, who were eligible to participate in the voting process.

Approved Resolutions

All three special resolutions were passed with requisite majority, receiving identical voting patterns across the board. The resolutions focused on approving material related party transactions between various joint venture partnership firms and subsidiary entities of the company.

The approved resolutions include:

• Resolution 1: Material related party transactions between IITL-Nimbus, The Express Park View, and IITL-Nimbus, The Palm Village, joint venture partnership firms/subsidiary entities with Nimbus (India) Limited, an associate of the company
• Resolution 2: Material related party transactions between IITL-Nimbus, The Express Park View and IITL-Nimbus, The Palm Village, joint venture partnership firms/subsidiary entities of the company
• Resolution 3: Material related party transactions between IITL-Nimbus, The Palm Village, joint venture partnership firm/subsidiary entity and IITL-Nimbus, The Hyde Park, Noida, joint venture partnership firm of the company

Detailed Voting Results

The voting results demonstrated strong shareholder support across all three resolutions. Public non-institutional shareholders were the primary participants in the voting process, while promoter and promoter group members did not participate in the e-voting.

The total votes polled represented 5.57% of the outstanding shares, with 18.87% participation from public non-institutional shareholders. Each resolution received identical voting results, with 1075270 votes in favor and 69 votes against, resulting in a 99.99% approval rate. A total of 76 members participated in the voting process, with 66 voting in favor and 10 voting against across all resolutions.

Scrutinizer's Report and Documentation

The postal ballot was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and the Companies (Management and Administration) Rules, 2014. The scrutinizer's report was prepared by Lalit Narayan Singh of L N Singh & Associates, Company Secretaries, who was appointed by the Board Resolution dated January 05, 2026.

The voting results and scrutinizer's report have been made available on the company's website at www.nimbusprojectsLtd.com and on the National Securities Depository Limited's website at www.evoting.nsdl.com . The company has submitted the complete documentation to BSE Limited, ensuring full regulatory compliance under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Nimbus projects Limited has reported robust operational performance for the third quarter of FY 2025-26, demonstrating strong momentum in the residential real estate segment. The North India-based real estate developer achieved significant growth in pre-sales and customer collections while reaching a major project completion milestone.

Financial Performance Highlights

The company's Q3 FY26 performance showed substantial improvement across key operational metrics:

The significant increase in customer collections reflects improved cash flow realisation and sustained demand in the residential segment, indicating strong execution capabilities and market acceptance of the company's projects.

Express Park View-II Project Completion

Nimbus Realty achieved a key operational milestone with the completion of Express Park View-II project. The company received the Completion Certificate dated 28th January 2026 for the balance 310 flats, covering approximately 4.26 lakh sq. ft. of saleable area. This development marks the full completion of the project, with certificates granted by GNIDA in phases for the entire development.

Project Specifications

Management Commentary

Commenting on the performance, Mr. Bipin Agarwal, Chairman and Managing Director, highlighted the strong growth in pre-sales and collections during the quarter, emphasizing steady homebuyer demand and improved conversion of the project pipeline into cash flows. He noted that the completion of Express Park View-II represents a key milestone, reinforcing the company's focus on timely delivery and disciplined execution.

Company Background

With over three decades of experience in India's real estate sector, Nimbus Group has established itself as a diversified development and infrastructure company focused on residential and commercial real estate in the National Capital Region. Since its incorporation in 1993, the Group has delivered multiple projects in Noida and Greater Noida, advancing its presence across rapidly growing housing markets. The company continues to execute its development pipeline in key growth corridors of the NCR, driven by experienced leadership and a decentralised approach to project management.