Announced Wed, 7 Oct, 2026 · 16:57 IST
Nimbus Projects to take Rs 30 crore unsecured loan from associate World Resorts
NIMBSPROJ · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Nimbus Projects board approved an unsecured loan of Rs 30 crore from associate World Resorts Limited on October 7, 2026. The loan will be drawn in tranches at 12 percent per annum for 2 years for business purposes. World Resorts is an associate company where Nimbus holds 25.32 percent equity. Common directors include MD Bipin Agarwal and Director Rajeev Kumar Asopa. The deal is a related party transaction carried out at arm's length basis.
Likely market impact
Adds 30 crore of debt at 12 percent interest from an associate. Worth tracking related party governance, though deal is at arm's length.