Availing of secured loan/ credit facility of Rs.5 Crore from ICICI Bank Limited
NIMBSPROJ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nimbus Projects Ltd has obtained a Rs. 5 Crore secured loan from ICICI Bank Limited for general corporate purposes. The loan carries a floating interest rate of 8.50% per annum and has a long tenure of 162 months (about 13.5 years). It is secured against the company's Vasant Square Mall property located in Vasant Kunj, South Delhi. The Board's approval was given on February 10, 2026, with the sanction letter dated January 29, 2026.
The company has secured long-term institutional funding at a competitive rate, backed by a prime commercial asset. The relatively modest loan size suggests routine capital management rather than distress, and the long tenure provides comfortable repayment flexibility for shareholders.