We have received a disclosure from Mrs. Meenal Aggarwal, a non-promoter, in terms of Regulation 29(2) of SEBI (Substantial Acquisition of shares and Takeovers) Regulations, 2011 w.r.t. ....
NIMBSPROJ · price
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Mrs. Meenal Aggarwal, a non-promoter, along with her PAC (Mother-in-law Mrs. Geeta Devi), sold 5,00,000 equity shares (2.59%) of Nimbus Projects Ltd through the open market on August 26, 2025. Their combined holding reduced from 10,25,000 shares (5.31%) to 5,25,000 shares (2.72%), meaning they have fallen below the 5% substantial shareholder threshold under SEBI Takeover Regulations. The total equity share capital of the company remains unchanged at 1,93,18,735 shares of Rs. 10 each. The transaction was disclosed under Regulation 29(2) of SAST Regulations, 2011.
This is a routine disclosure of a non-promoter trimming their stake below the 5% threshold. Since the seller is not a promoter and the change is small (about 2.59% of capital), the direct impact on stock price or promoter control is minimal, though it reflects some investor exit.