The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Peanence Commercial Pvt Ltd
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Peanence Commercial Pvt Ltd, along with persons acting in concert (Saurabh Bora and Rakhi Bora), has disclosed open market purchases of shares in Nimbus Projects Ltd on two consecutive days. On September 16, 2025, it acquired 2,52,000 shares (1.30%), and on September 17, 2025, it acquired an additional 4,22,128 shares (2.19%). Combined, the acquirer's stake rose from 7,57,661 shares (3.92%) to 14,31,789 shares (7.41%) of the company. The acquirer has confirmed it does not belong to the promoter or promoter group of Nimbus Projects Ltd. Total share capital of Nimbus Projects Ltd is 1,93,18,735 shares, and all transactions were carried out on the open market through BSE.
This is a non-promoter entity quietly building a significant 7.41% stake through rapid open market purchases, which may indicate strategic interest in the company. Shareholders should monitor whether further acquisitions push the holding closer to the 10% open offer trigger threshold under SEBI Takeover Regulations.