Notice of Postal Ballot by way of Remote e-voting
NIMBSPROJ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nimbus Projects Ltd has issued a postal ballot notice seeking shareholder approval for three special resolutions related to material related party transactions (RPTs). The transactions involve its subsidiary JV partnership firms—IITL-Nimbus The Express Park View, IITL-Nimbus The Palm Village, and IITL-Nimbus The Hyde Park (Noida)—with each other and with Nimbus (India) Limited, an associate and promoter group company. The material RPT threshold is 10% of consolidated turnover, pegged at Rs. 17.83 crore per FY2024-25 audited financials. Prior year transactions between the two subsidiary firms and Nimbus (India) Limited stood at Rs. 3.05 crore and Rs. 2.03 crore respectively. E-voting runs from January 9, 2026 to February 7, 2026, with results expected by February 9, 2026.
This is a routine SEBI LODR compliance exercise, not a new business decision or capital event. Since related parties (including Nimbus (India) Ltd, which holds 9.43% stake) cannot vote, approval will depend on minority public shareholders, but outcomes are unlikely to materially affect the stock price.