Nimbus Projects Limited has informed the Exchange regarding '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 Limited has submitted an application to BSE and NSE seeking approval to reclassify 4 individuals (Nem Chand Jain, Sunil Jain, Anil Jain, and Raj Kumar Agarwal) from the Promoter/Promoter Group category to the Public category. The board had previously approved this request on May 27, 2026. The reclassification covers a total of 8,800 equity shares representing approximately 0.05% of the company's paid-up capital, with individual holdings ranging from 800 to 5,200 shares. This filing is made under Regulation 31A of the SEBI Listing Regulations, 2015, which governs the reclassification of promoter entities.
The impact on shareholders is minimal as the total shareholding being reclassified is negligible at around 0.05% of paid-up capital. However, if approved, this reduces the official promoter group holding by a small margin, which may marginally affect investor perception regarding promoter commitment to the company.