Allotment of 84,80,735 fully paid up equity shares of INR 10/-each to the eligible shareholders of the Transferor Companies as on record date i.e., May 14, 2025 in terms of scheme of amalgamation
NIMBSPROJ · price
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Nimbus Projects Ltd has allotted 84,80,735 fully paid-up equity shares of INR 10 each to the eligible shareholders of nine transferor companies (Gupta Fincaps, Urvashi Finvest, Intellectual Securities, Happy Graphics and Exhibition, Link Vanijya, Dynamo Infracon, Pushpak Trading & Consultancy, Mokha Vyapaar, and Padma Estates) under an approved Scheme of Arrangement for Amalgamation. The record date for identifying eligible shareholders was May 14, 2025, which is also the effective date of the scheme. The newly allotted shares will rank equally with existing shares and are proposed to be listed on BSE. An additional 8 shares were issued to a Trustee to handle fractional entitlements in line with SEBI guidelines. The total face value of the new shares is roughly INR 8.48 crore.
This expands Nimbus Projects' share capital and brings the nine transferor entities under its fold, potentially impacting earnings per share and capital structure. Existing shareholders may see dilution, while it positions the company as a larger combined entity post-amalgamation.