Pursuant to regulation 24(1) and 30(9) of SEBI (LODR) Regulations, 2015, we wish to inform you that Board of Directors of Unlisted material subsidiary of the company i.e. N.N. Financial ....
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Nimbus Projects Ltd has informed the stock exchange that its unlisted material subsidiary, N.N. Financial Services Private Limited, will appoint two Independent Directors at its upcoming general meeting on June 28, 2025. Mr. Deepak Kumar Lath (DIN: 00341732), aged 58, a Company Secretary with over 25 years of experience in secretarial, legal, and finance functions, will be appointed as an Independent Director for a five-year term. Ms. Aradhana Singh (DIN: 10019212), aged 31, a Commerce and Law graduate with 6+ years of experience in insolvency and corporate law, will be appointed as an Independent Woman Director for a five-year term. Both directors already serve on the board of Nimbus Projects Ltd, the holding company. The appointments are being made to comply with SEBI's Regulation 24(1) requirement that material unlisted subsidiaries must have independent directors on their boards.
This is a routine governance compliance disclosure with no material financial impact. It reinforces board independence at the subsidiary level, which is a positive governance signal for shareholders but unlikely to move the stock price.