Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 regarding re-appointment of Mr. Bipin Agarwal (DIN:00001276) as a director, who is liable to retire by rotation at 32nd Annual ....
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Nimbus Projects Ltd has informed BSE that its Board, on the recommendation of the Nomination & Remuneration Committee, has proposed the re-appointment of Mr. Bipin Agarwal (DIN: 00001276) at the upcoming 32nd Annual General Meeting. He will continue as a Director liable to retire by rotation. Additionally, he has been proposed for re-appointment as Managing Director and designated as 'Chairman & Managing Director' for a 3-year term from August 31, 2025 to August 30, 2028, at a remuneration of Rs. 60 lakh per annum (Rs. 5 lakh per month). Mr. Agarwal, aged 59, is a Fellow Member of ICSI with 36 years of experience in advisory, consulting, real estate, and infrastructure. His appointment is subject to shareholder approval, and he is not debarred from holding office by any regulatory authority.
This is a routine re-appointment and leadership continuity decision with no negative governance flags. Shareholders will need to approve the re-appointment and remuneration at the AGM; the Rs. 60 lakh annual pay is modest for a CMD role at a listed company.