(i) Re-appointment of Mr. Bipin Agarwal (DIN: 00001276), as a direcor liable to retire by rotation, (ii) Re-appointment of Mr. Bipin Agarwal (DIN: 00001276) as Managing Director designated ....
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At the 32nd AGM held on September 23, 2025, shareholders of Nimbus Projects Ltd approved the re-appointment of Mr. Bipin Agarwal (DIN: 00001276) as a Director liable to retire by rotation. He was also re-appointed as Managing Director and designated as Chairman & Managing Director for a further period of three years, from August 31, 2025 to August 30, 2028. His remuneration has been fixed at Rs. 60 lakh per annum (Rs. 5 lakh per month), payable even in the absence or inadequacy of profits. Mr. Agarwal, aged 59, is a Fellow Company Secretary with 36 years of experience in advisory, consulting, real estate, infrastructure, and corporate restructuring. The Nomination and Remuneration Committee and Board confirmed he is not debarred from holding office by MCA/SEBI or any other authority, and he is not related to any other director on the board.
This is a routine re-appointment ensuring leadership continuity at the top. No governance red flags were raised, and the move is unlikely to materially impact the stock price in the near term.