The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mrs. Meenal Aggarwal
NIMBSPROJ · price
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Awaiting price reaction for this filing.
Mrs. Meenal Aggarwal, a non-promoter individual, acquired 5,00,000 equity shares (roughly 2.4% stake) of Nimbus Projects Ltd through open market purchases on August 26, 2025. Her holding rose from 5.31% (10,25,000 shares) to 7.72% (15,25,000 shares) of the company's voting capital. Her mother-in-law, Mrs. Geela Devi, is named as the Person Acting in Concert (PAC). The total equity share capital of the company is Rs. 19.32 crore, consisting of 1,93,18,735 shares of Rs. 10 each. The disclosure was filed on September 1, 2025, within the regulatory timeline.
This is a non-promoter creeping acquisition, with the acquirer now sitting at 7.72%, just below the 10% substantial threshold. Any further open market buying that crosses 10% would trigger a mandatory open offer to all shareholders, so investors should watch for additional filings or an open offer announcement in the near term.