Pursuant to final order of Hon''ble NCLT, new Delhi Bench and Hon''ble NCLT Kolkata Bench approving the refereed scheme of arrangement for amalgamation, we wish to inform you that each ....
NIMBSPROJ · price
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Nine private companies — Gupta Fincaps, Uravshi Finvest, Intellectual Securities, Happy Graphics and Exhibition, Link Vanijya, Dynamo Infracon, Pushkpak Trading & Consultancy, Mokha Vyapaar, and Padma Estates — have been formally amalgamated into Nimbus Projects Limited, effective May 14, 2025. The NCLT New Delhi Bench (order dated Jan 23, 2025) and Kolkata Bench (order dated Apr 7, 2025) had approved the scheme, and the certified copies were filed with the Registrar of Companies (E-Form INC-28) on May 14, 2025. All assets and liabilities of the transferor companies now stand transferred to Nimbus Projects, and the transferor companies stand dissolved without winding up. The appointed date for the scheme is April 1, 2022, meaning the financial effects are retrospective from FY23. May 14, 2025 has been set as the record date for identifying shareholders of the transferor companies who will receive shares of Nimbus Projects pursuant to the scheme.
The amalgamation expands Nimbus Projects' asset and liability base by absorbing 9 entities, but existing shareholders may see dilution since shares of Nimbus Projects will be issued to the transferor companies' shareholders. Investors should watch for the share allotment ratio and any forthcoming disclosures on the expanded consolidated financials.