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.

Nimbus Projects Limited has announced the resignation of its Chief Financial Officer, Mr. Jitendra Kumar, effective January 15, 2026. The company informed BSE Limited through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Jitendra Kumar tendered his resignation from his position as Chief Financial Officer and Key Managerial Personnel due to personal reasons. His resignation becomes effective from the close of business hours on January 15, 2026.

Regulatory Impact

Following his resignation, Mr. Kumar will cease to be a Key Managerial Personnel authorized for determining materiality of events or information. He will also no longer be responsible for making disclosures to stock exchanges under Regulation 30 of the Listing Regulations, effective from the close of business hours on January 15, 2026.

Board's Acknowledgment

The Board of Directors has placed on record its appreciation for the valuable contribution and guidance provided by Mr. Jitendra Kumar during his association with the company. In his resignation letter dated December 1, 2025, Mr. Kumar expressed gratitude to Managing Director Mr. Bipin Agarwal and the board of directors for the opportunity to work with the organization.

The company has confirmed that there are no material reasons for the resignation other than those specified in Mr. Kumar's resignation letter. The detailed disclosure has been made in adherence to SEBI regulations and the master circular dated November 11, 2024.

Company Communication

The resignation letter, addressed to Managing Director Mr. Bipin Agarwal, highlighted Mr. Kumar's learning experience and appreciation for the coordination received from secretarial and other departments. The information regarding this key managerial personnel change is available on the company's website at www.nimbusprojectsltd.com .