Intimation of trading approval obtained from BSE Limited for 84,80,735 equity shares of Rs.10/- each bearing distinctive no. 10838001 to 19318735 pursuant to scheme of arrangement for amalgamation
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Nimbus Projects Ltd has received trading approval from BSE for 84,80,735 (eighty-four lakh eighty thousand seven hundred thirty-five) equity shares of Rs. 10 each, with distinctive numbers 10838001 to 19318735. These shares were issued pursuant to the Scheme of Arrangement for Amalgamation 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) with Nimbus Projects Limited under Sections 230-232 of the Companies Act, 2013. The new shares will be tradable on BSE from Wednesday, December 31, 2025, and will rank pari-passu with existing equity shares (ISIN: INE875B01015). The date of allotment was May 16, 2025.
Existing shareholders should note a dilution of approximately 78% (84.8 lakh new shares added to an existing base of roughly 108 lakh shares). The share price may see short-term pressure due to increased supply, but the amalgamation consolidates nine related entities, which could streamline operations and reduce inter-company transactions over time.