Nimbus Projects has reported a significant increase in shareholding by Peanence Commercial Private Limited through a series of open market transactions. Peanence Commercial, along with persons acting in concert, has raised its stake from 5.22% to 7.41% of Nimbus Projects' total equity share capital.

Key Transaction Details

Transaction Details

Peanence Commercial Private Limited and its persons acting in concert acquired 4,22,128 equity shares, representing 2.19% of Nimbus Projects Limited, through open market purchases. This acquisition increased their total shareholding from 10,09,661 shares (5.22%) to 14,31,789 shares (7.41%) in the real estate company.

Implications

This increase in shareholding by Peanence Commercial Private Limited could potentially influence the company's decision-making processes, depending on Nimbus Projects' overall shareholding structure.

Investors and market watchers may want to monitor any further developments or disclosures from either Peanence Commercial or Nimbus Projects regarding this change in shareholding structure.

Note: This article is based on the information provided in the regulatory filing.

Nimbus Projects Limited , a real estate development company, has reported a net loss of Rs. 231.89 lakh for the quarter ended September 30, 2025. The company also made several significant announcements following its board meeting held on November 14, 2025.

Financial Performance

The company's financial results for the quarter and half-year ended September 30, 2025, were approved by the Board of Directors. While specific details of revenue were not provided, the reported net loss indicates challenging market conditions for the real estate sector.

Loan Facilities Approved

Nimbus Projects has approved multiple loan facilities:

1. The company's joint venture partnership firm, IITL-Nimbus The Express Park View, has been approved to avail a short-term unsecured loan facility of Rs. 25.00 crore from Nimbus (India) Limited, an associate of the company. This loan comes with an interest rate of 11% per annum for a period of one year.

2. The Board has also approved the renewal of a long-term unsecured loan facility of Rs. 25.00 crore for IITL-Nimbus The Express Park View, also from Nimbus (India) Limited. This renewed facility is for a period of 3 years at an interest rate of 11% per annum.

3. Additionally, Nimbus Projects Limited itself has finalized terms to avail an unsecured loan facility of Rs. 5.00 crore from World Resorts Limited, another associate company. This loan is set at an interest rate of 10% per annum for a period of 2 years.

These loan approvals are subject to shareholder approval and are classified as related party transactions, being carried out at arm's length basis.

New Director Appointment

The Board has appointed Dr. Anoop Kumar Mittal as an Additional Non-Executive Director, subject to shareholder approval. Dr. Mittal, aged 65, brings extensive experience in civil engineering, consultancy, real estate development, mergers & acquisitions, and project management. He previously served as the Chairman-cum-Managing Director of NBCC (India) Ltd from 2013 to March 2019.

Corporate Governance

The company also announced the reconstitution of its Audit Committee, with Mr. Deepak Kumar Lath appointed as the new Chairman of the committee.

Nimbus Projects Limited continues to navigate through challenging market conditions while making strategic decisions to strengthen its financial position and corporate governance structure. The approved loan facilities are expected to provide capital for the company's ongoing projects and operations.