Outcome of Postal Ballot
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 completed a postal ballot through remote e-voting, which ran from January 9, 2026 to February 7, 2026, with 2,429 shareholders on record. Three special resolutions seeking approval for material related party transactions between the company's joint venture partnership firms (IITL-Nimbus The Express Park View, The Palm Village, and The Hyde Park Noida) and related parties were put to vote. The promoter and promoter group, holding 13,619,977 shares (about 70.5% of total), did not participate in voting as they are an interested party in these transactions. Of the 1,075,339 votes cast, 99.99% (1,075,270 votes) were in favour and only 69 votes (0.0064%) were against, representing a low overall turnout of just 5.57% of outstanding shares. All three resolutions were passed with the requisite majority.
Shareholders have approved the material related party transactions, allowing the company to proceed with deals between its joint venture entities and related parties. The approval reflects strong support from public non-institutional shareholders. This is a routine compliance disclosure and is unlikely to have a meaningful direct impact on the stock price.