Nimbus Projects Limited — Capital/Financing Update 2026

Jan 5, 2026

NPL/BSE/2025-26/84

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January 05, 2026

To, Listing Department BSE Limited Department of Corporate Services, Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai-400001

Scrip Code: 511714 Scrip ID: NIMBSPROJ

Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015-Availing of Unsecured Loan Facility availed by IITL-Nimbus, The Palm Village, Joint Venture Partnership Firm/ Subsidiary Entity of the Company from Nimbus (India) Limited, an Associate of the Company

Dear Sir/Madam,

Pursuant to Regulation 30 read with Part- A of Schedule III of SEBI (listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that on recommendation of Audit Committee, the Board of Directors at its meeting held on today, i.e. Monday, January 05, 2026 has considered and approved the availing of Unsecured Loan Facility of Rs. 25 Crore (Rupees Twenty-Five Crore only) to be availed by the IITLNimbus The Palm Village, joint Venture Partnership Firm/ subsidiary entity of the company, from Nimbus (India) Limited, an Associate of the Company subject to approval of shareholders.

The following are the other particulars:

S. No.	Particulars	Detail of Disclosure
a)	Name(s) of parties with whom the transaction is entered	The transaction is proposed to be entered between IITL- Nimbus, The Palm Village (PV), a partnership firm/ subsidiary entity wherein the Company holds 95% of partnership stake and Nimbus (India) Limited (NIL) is an Associate and Promoter Group Company of the Company. NIL holds 18,22,381 Equity Shares aggregating to 9.43% of shareholdingin the Company.
b)	Nature of transaction	Availing of Unsecured Loan Facility of Rs. 25.00 Crore (Rupees Twenty-Five Crore) proposed to be availed by the IITL-Nimbus The Palm Village, joint Venture Partnership Firm/ subsidiary entity of the company, from Nimbus (India) Limited, an Associate of the Company.
c)	Amount of Loan	Rupees 25.00 Crore(Rupees Twenty-Five Crores Only)
d)	Purpose of Loan	The funds shall be utilized by PV towards business objectives and discharging its payment obligations.
e)	Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any changeincapitalstructure	NA

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f)	Whether, the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship	Nimbus (India) Limited is an associate and a promoter group Company wherein Mr. Bipin Agarwal, is a common director and common shareholders in this company and IITL-Nimbus, The Palm Village (PV) is a partnership firm/ subsidiary entity wherein the Company holds 95% of partnership stake & Nimbus Propmart Private Limited holds the remaining stake as the other partner of the firm. Mr. Rajeev Kumar Asopa, Non-Executive Director of the Company, is a member of the management committee of the saidfirm.
g)	Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length	Yes, the transaction will fall within the purview of Related Party Transactions as per Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction is being carried out at arm’s length basis, subject to approval of the shareholders of the Company.
h)	In case of issuance of shares to the parties, details of issue price, class ofsharesissued	NA
i)	In case of loan agreements, details of borrower, nature of the loan, total amount of loan granted/taken, total amount outstanding, date of execution of the loan agreement/sanction letter, details of the security provided to the lenders / by the borrowers for such loan or in case outstanding loans lent to a party or borrowed from a party become material on a cumulative basis	Availing of Unsecured Loan Facility of Rs. 25 Crore (Rupees Twenty-Five Crore) availed by the IITL-Nimbus, The Palm Village, joint Venture Partnership Firm/ subsidiary entity of the company, from Nimbus (India) Limited, an Associate of the Company for a period of 2 years at an interest rate of 11% per annum.
j)	Any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements	N.A.

The same is also available on the website of the Company at www.nimbusprojectsltd.com

Kindly take the above information on record and acknowledge the receipt.

Yours Faithfully

For Nimbus Projects Limited

Digitally signed by Ritika Aggarwal Ritika Aggarwal Date: 2026.01.05 14:10:47 +05'30' Ritika Aggarwal (Company Secretary & Compliance Officer) M. No: A69712

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