Nimbus Projects Limited — Capital/Financing Update 2024

Apr 13, 2024

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NPL/BSE/2024-25/08

April 13, 2024

To The Listing Department BSE Limited Phiroze Jeejeebhoy Tower Dalal Street Mumbai — 400001

Ref: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Scrip Code: 511714 Scrip ID: NIMBSPROJ

Dear Sir,

This is to inform you that the Board of Directors at its meeting held on April 13, 2024, has interalia considered and accorded it’s in principal approval to vary the terms of 30,00,000 Zero % NonParticipating Optionally Convertible Preference Shares of World Resorts Limited, held as investment, by the Company.

The varied terms and conditions of said investment would be that upon redemption of the said 30,00,000 Zero % Non- Participating Optionally Convertible Preference Shares of RS 10/- each be carried out before the completion of the agreed terms of redemption at a redemption price of Rs 100/- per preference shares which includes face value of Rs 10/- per share and premium of Rs 90/- per share. No extra premium would be given on such early redemption.

You are requested to take the above on record.

Yours faithfully

For Nimbus Projects Limited

BIPIN Digitally signed by BIPIN AGARW AGARWAL Date: AL 2024.04.13 14:37:00 +05'30' Bipin Agarwal (Managing Director) DIN : 00001276

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