Nimbus Projects Ltd

Director appointment

• Anand Kumar appointed as Non-Executive, Non-Independent Director, effective 29 September 2026, liable to retire by rotation.

Independent Director regularization

• Regularization of Ms. Neha Atal Poddar as Non-Executive Independent Director.
• Term: 27.07.2026 to 26.07.2031; not liable to retire by rotation.
• Reason: AGM approval following Nomination and Remuneration Committee and Board consideration.
• Profile: FCA, M.Com; proprietor of M/s. S.S. Khudania & Co.; former GM-Finance at EFC Logistics.
• Not related to any Director or KMP; not debarred by MCA/SEBI or other authorities.

Key Update

• At AGM on 29 September 2026, Doogar and Associates appointed statutory auditors for five years.
• Term runs from conclusion of 33rd AGM to conclusion of 38th AGM (2031).

Director Re-appointment

• Re-appointed Mr. Rajeev Kumar Asopa as Director, liable to retire by rotation.
• Appointment approved at the 33rd AGM held on 29 September 2026.
• Not debarred from holding director office by MCA/SEBI or other authorities.
• 59-year-old commerce graduate; Fellow Member of the Institute of Company Secretaries of India.
• Approximately 31 years’ experience in finance, secretarial and legal compliance.
• Not related to any Director or Key Managerial Personnel of the company.

AGM Details

• AGM date/time: 29 September 2026, 12:30 IST via VC/OAVM.
• Record date for voting: 22 September 2026.
• Shareholders on record: 2,645.

Key Resolutions

• Adoption of audited standalone and consolidated financial statements; Ordinary; passed with 99.9996% in favour.
• Re-appointment of Rajeev Kumar Asopa; Ordinary; retires by rotation; passed with requisite majority.
• Appointment of Doogar & Associates as Statutory Auditors; Ordinary; remuneration fixed; passed.
• Appointment of Neha Atal Poddar as Independent Woman Director; Special; passed.
• Appointment of Anand Kumar as Non-Executive Non-Independent Director; Ordinary; passed.
• Approval of material related party transactions with Indogreen International; Special; passed.
• Approval of material related party transactions with identified Promoters; Special; passed.
• Approval of material related party transactions with identified Promoter Group Company; Special; passed.
• Approval of material related party transactions with Associate Companies; Special; passed.

Voting Results

• All resolutions passed with near-unanimous support; average approval around 99.999%.
• No significant opposition observed; promoter abstention minimal.

Dividend

• Dividend: none proposed or approved.

Director Changes

• Re-appointed Rajeev Kumar Asopa; retires by rotation.
• Neha Atal Poddar appointed as Independent Woman Director.
• Anand Kumar appointed as Non-Executive Non-Independent Director.

Auditor Appointments

• Doogar & Associates appointed as Statutory Auditors; remuneration fixed.

Material Related Party Transactions

• Indogreen International; material related party transactions approved.
• Identified Promoters; material related party transactions approved.
• Identified Promoter Group Company; material related party transactions approved.
• Associate Companies; material related party transactions approved.

AGM details

• Held Sep 29, 2026 at 12:30 PM via VC/OAVM; concluded 01:17 PM.

Key resolutions

• Adoption of audited standalone and consolidated financial statements for the year ended Mar 31, 2026.
• Re-appointment of Rajeev Kumar Asopa by rotation.
• Appointment of Doogar & Associates as statutory auditors; remuneration to be fixed.
• Appointment of Neha Atal Poddar as Independent Woman Director.
• Appointment of Anand Kumar as Non-Executive Non-Independent Director.
• Approval to enter into material RPT with Indogreen International.
• Approval to enter into material RPT with identified promoters.
• Approval to enter into material RPT with promoter group company.
• Approval to enter into material RPT with associate companies.

Voting results

• Voting results to be announced by Oct 01, 2026.

Director changes

• Rajeev Kumar Asopa re-appointed by rotation.
• Neha Atal Poddar appointed as Independent Woman Director.
• Anand Kumar appointed as Non-Executive Non-Independent Director.

Auditor appointments

• Doogar & Associates appointed as statutory auditors; remuneration to be fixed.

Material related party transactions

• Approval to enter into material RPT with Indogreen International.
• Approval to enter into material RPT with identified promoters.
• Approval to enter into material RPT with promoter group company.
• Approval to enter into material RPT with associate companies.

FY2025-26 highlights

• Standalone revenue ₹146.73 L and standalone loss ₹1,212.94 L.
• Consolidated revenue ₹22,875.62 L and consolidated loss ₹8,798.85 L.
• Delivered four projects (Express Park View I & II, Hyde Park, Golden Palms) with 65.31 lakh sq ft.
• Palm Village: 14.18 lakh sq ft across 1,172 residential and 44 commercial units; 978 sold for ₹79,249 L.
• Sunworld Arista: 11.27 lakh sq ft, 340 units; 16 sold for ₹9,979.21 L.
• Possession commitments: Palm Village by March 2028 and Sunworld Arista by December 2029.
• Sub-Lease Deeds registrations are progressing across all projects.
• JDA for a 25-acre Vrindavan plotted township was signed and land acquisition completed.
• The company plans to expand beyond the NCR into Tier-2 cities.

Nimbus Projects Ltd trading window closed from October 01, 2026 until 48 hours after the declaration of unaudited financial results for the quarter and half year ended September 30, 2026