Scrutinizer''s Report 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 conducted a postal ballot through remote e-voting, which concluded on February 7, 2026. Shareholders approved all three special resolutions with overwhelming support — 99.99% of votes cast were in favour, with only 69 votes against out of 10,75,339 valid votes polled. The resolutions relate to approving material related party transactions between the company's joint venture entities — IITL-Nimbus The Express Park View, IITL-Nimbus The Palm Village, and IITL-Nimbus The Hyde Park Noida. The promoter group, being interested in these transactions, did not participate in voting. Only public non-institutional shareholders (2,429 total on record date) cast votes, representing just 5.57% of outstanding shares (19,318,735 total).
This is a procedural compliance filing confirming that related party transactions within the company's existing joint venture structure have received shareholder approval. No material change to business or capital structure — minimal direct impact on share price expected.