Nimbus Projects Limited has informed the Exchange regarding 'Approval of requests of Reclassification from Promoter Group category to public Category pursuant to Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
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Nimbus Projects Limited's Board of Directors has approved the reclassification of four members from the Promoter Group to the Public category. The members 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%). Combined, they hold just 8,800 shares representing approximately 0.05% of paid-up capital. The Board noted that shareholder approval is not required as these persons together hold less than 1% of total voting rights. The reclassification is subject to approval from BSE and NSE. These individuals confirmed they do not exercise control over the Company, are not on the Board, and hold no key managerial positions.
This is a minor administrative change with negligible impact on the company's ownership structure. The promoter group is reducing by only 0.05%, so it does not materially affect shareholding dynamics or stock movement.