Nimbus Projects Limited — Capital/Financing Update 2026

May 27, 2026

NIMBUS

NEALTY

NIMBUS PROJECTS LIMITED

(An ISO 9001:2015 Certified Company)

CIN: L74899DL1993PLC055470

ENTERPRISE

REAL ESTATE

NPL/BSE/NSE/2026-27/16

May 27, 2026

To,
The Manager
BSE limited
Corporate Relationship Department
Phiroze Jeejeebhoy Tower,
Dalal Street, Mumbai- 400001
Scrip Code: 511714

To,
The Manager
National Stock Exchange of India Limited
Exchange Plaza, C-1, Block G,
Bandra Kurla Complex, Bandra(E)
Mumbai - 400051
Symbol: NIMBSPROJ

Subject: Intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015-Availing of term loan facility

Dear Sir/ Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that Board of Directors in its meeting held on today, i.e; Wednesday, May 27, 2026 has approved availing of term loan facility of Rupees 250 Crore (Rupees Two Hundred Fifty Crore Only) respectively from Piramal Finance Limited and authorized its firm IITL-Nimbus, The Palm Village to act as co-borrower in respect of availing above mentioned loan:

S. No.	Particulars	Detail of disclosure
1.	Detail of Lenders	Piramal Finance Limited having its office at 601, 6^{th} Floor, Amiti Building, Agastya Corporate Park, Kamini Junction, Opp. Fire Station, LBS Marg, Kurla (West), Mumbai-400070
2.	Purpose of Loans	The term loan facility shall be utilized by Nimbus Projects Limited for General corporate purpose.
3.	Total amount of loans to be granted	Rs.250 Crore (Rupees Two Hundred Fifty Crore Only) in tranches.
Facility 1: Rs.200 Cr.
Facility 2: Rs.50 Cr.
5.	Nature/duration/ Rate of Interest etc. for Loan	Availing of term loan facility Rs.250 Crore (Rupees Two Hundred Fifty Crore Only) from Piramal Finance Limited, from time to time in various tranches, at an interest rate of 13.00% p.a. fixed (facility 1) and 11.75% p.a. fixed (facility 2) and, for a period of 48 months and to authorize its firm IITL-Nimbus, The Palm Village to act as a co-borrower for availing the above mentioned loan.
6.	Date of Sanction Letter	May 21, 2026
7.	Details of security provided	• Mortgage over leasehold land of underlying project (The Palm Village) spread over 11.8 acres located in Sector 22A, Yamuna Expressway
• Hypothecation of project receivables
• 100% hypothecation of partnership interest of ‘IITL – Nimbus, The Palm Village’

Regd. Office : 1001-1006,10th Floor, Narain Manzil, 23 Barakhamba Road, New Delhi-110001 Phone: 011-42878900

Fax : 011-41500023, E-mail : nimbusindialtd@gmail.com, Web. : www.nimbusprojectsltd.com

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NIMBUS PROJECTS LIMITED
(An ISO 9001 : 2015 Certified Company)
CIN: L74899DL1993PLC055470
ENTERPRISE
REAL
ESTATE

| | | • Personal Guarantee of Mr. Bipin Aggarwal and Mr. Sahil Aggarwal
• Charge over the Escrow Account as permitted under applicable law
• Post-dated/ undated cheques for scheduled interest and principal payments
• Demand Promissory Note
• Shortfall undertaking from Promoters
• Any other security/rights as may be stipulated by our committee and/or as may be detailed in Definitive Agreements |
| --- | --- | --- |
| 8. | Other Details(if any) | Tenure of 48 months |

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

Kindly take the above information on record.

Thanking You,

Yours Faithfully

For Nimbus Projects Limited

Ritika Aggarwal
Digitally signed by Ritika Aggarwal
Date: 2026.05.27 22:56:54 +05'30'

Ritika Aggarwal
(Company Secretary & Compliance Officer)
M. No: A69712

Regd. Office : 1001-1006,10th Floor, Narain Manzil, 23 Barakhamba Road, New Delhi-110001 Phone: 011-42878900
Fax : 011-41500023, E-mail : nimbusindialtd@gmail.com, Web. : www.nimbusprojectsltd.com