Submission of voting results along with Scrutinizer''s Report for the resolutions passed at 32nd AGM of the company
NIMBSPROJ · price
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Nimbus Projects Ltd held its 32nd AGM on September 23, 2025 via video conferencing, where all 17 resolutions were passed with the required majority. Key resolutions included the adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, re-appointment of Mr. Bipin Agarwal as Director (rotational) and as Chairman & Managing Director, and appointment of Mr. Kapil Dev Vashisth as Secretarial Auditor. A total of 2,442 shareholders were on the record date, with 116 attending via VC (13 from promoter group and 103 from public). The remaining 13 resolutions approved material related party transactions with identified partnership firms, Indogreen International, promoters, promoter group companies, IITL entities, subsidiaries, and associate companies. Voting turnout was strong at 77.9% for non-related resolutions (15,049,451 votes polled out of 19,318,735 total shares), with over 99.99% in favour. For related party resolutions, promoters recused themselves, and only public non-institutional shareholders voted, with 1,431,190 shares in favour.
All resolutions passed comfortably with overwhelming support, indicating shareholder approval of the company's governance and related party transactions. The clean approval of Mr. Bipin Agarwal's re-appointment as Chairman & Managing Director ensures leadership continuity, while approval of related party transactions provides flexibility for the company to conduct business with its group entities.