Intimation regarding submission of application to the Stock Exchanges for Reclassification of Persons forming part of the 'Promoter/ Promoter Group' category to the 'Public' category
NIMBSPROJ · price
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Nimbus Projects Ltd has submitted an application to BSE and NSE seeking approval to reclassify 4 persons from the Promoter/Promoter Group category to the Public category. The applicants are Mr. Nem Chand Jain (5,200 shares, 0.03%), Mr. Sunil Jain (1,000 shares, 0.01%), Mr. Anil Jain (800 shares, 0.00%), and Mr. Raj Kumar Agarwal (1,800 shares, 0.01%). The total reclassification involves only 8,800 shares representing approximately 0.05% of paid-up capital. The Board had earlier approved this request on May 27, 2026, and the company now awaits stock exchange approval under SEBI Listing Regulations. This follows two prior intimations dated May 15 and May 27, 2026.
The impact on shareholders and stock price is minimal since the combined shareholding of the 4 persons is very small (~0.05%). However, if approved, it will reduce the number of persons classified under the promoter group, potentially affecting promoter group holding disclosure.