Integrated Annual Report for the financial year ended 31st March 2025 along with Notice of the 32nd Annual General Meeting (AGM)
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Nimbus Projects Limited has submitted its Annual Report for FY 2024-25 along with the Notice for its 32nd AGM scheduled for September 23, 2025 at 12:30 PM via video conferencing. On a standalone basis, revenue from operations dropped sharply to Rs. 151.12 Lakh (from Rs. 586.98 Lakh) and the company swung to a loss of Rs. 1,274.92 Lakh versus a profit of Rs. 513.96 Lakh last year. On a consolidated basis, revenue jumped to Rs. 17,829.71 Lakh (from Rs. 717.75 Lakh) but profit fell to Rs. 6,367.50 Lakh from Rs. 9,312.14 Lakh, mainly due to a change in consolidation method for joint partnership firms. The AGM agenda includes re-appointment of Bipin Agarwal as Chairman & Managing Director for three years at Rs. 60 lakh per annum, appointment of a new secretarial auditor, and approval of material related party transactions exceeding Rs. 2,000 crore in aggregate with promoter entities, partnership firms and subsidiaries. The company also announced a new Rs. 1,100 crore investment in the Arista Luxe Phase II luxury project in Noida.
Shareholders should note the sharp standalone loss contrasted with consolidated profitability, reflecting a shift in accounting treatment rather than core business deterioration. The large related party transaction approvals and MD remuneration matter require shareholder voting at the AGM and indicate significant intra-group financial activity.