Notice convening the 32nd Annual General Meeting schedule to be held on Tuesday, September 23, 2025 at 12:30 P.M. (IST) through Video Conferencing (VC)/ Other Audio Visual Means (OAVM) ....
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Nimbus Projects Limited has notified BSE that its 32nd Annual General Meeting will be held on Tuesday, September 23, 2025 at 12:30 PM IST through Video Conferencing/Other Audio Visual Means. Shareholders will consider adoption of audited standalone and consolidated financial statements for FY 2024-25 and re-appointment of Mr. Bipin Agarwal as Director (retiring by rotation). Key special business items include: (a) re-appointing Mr. Bipin Agarwal as Chairman & Managing Director for 3 years (Aug 2025–Aug 2028) at Rs. 60 lakh per annum remuneration; (b) appointing Mr. Kapil Dev Vashisth as Secretarial Auditor for 5 years; and (c) seeking shareholder approval for multiple material related party transactions totalling over Rs. 1,850 crore with partnership firms (IITL-Nimbus Express Park View Rs. 200 Cr, IITL-Nimbus Palm Village Rs. 300 Cr), Indogreen International (Rs. 200 Cr), promoters Bipin Agarwal (Rs. 500 Cr) and Sahil Agarwal (Rs. 200 Cr), Nimbus Propmart (Rs. 100 Cr), IITL/IITL Projects (Rs. 250 Cr combined), and subsidiaries (Rs. 300 Cr combined). FY25 standalone performance showed revenue of Rs. 151.12 lakh and a loss of Rs. 1,274.92 lakh, while consolidated revenue jumped to Rs. 17,829.71 lakh with a profit of Rs. 6,367.50 lakh. The company delivered four projects (Express Park View I & II, Hyde Park, Golden Palms) and is investing Rs. 1,100 crore in a new Noida luxury project (Arista Luxe Phase II).
The AGM notice itself is routine, but shareholders should pay close attention to the large related party transaction approvals being sought — together exceeding Rs. 1,850 crore — which signal heavy inter-group financial activity. The significant standalone loss (Rs. 12.75 crore) contrasted with healthy consolidated profits and the Rs. 1,100 crore new project commitment will be key discussion points for investors.