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Nimbus Projects' board finalised terms for a Rs 60 Crore unsecured loan from associate Nimbus (India) Limited. The loan carries 12% interest for two years.
Nimbus Projects Ltd's Chairman Bipin Agarwal is stepping down from the Chairman role effective November 5, 2026, while remaining Managing Director. No change to his directorship, MD role or remuneration.
Q2 FY27 revenue ₹69.2mn (+58% YoY) but Adj EBITDA ₹(55.3)mn and PAT ₹(88.7)mn loss. Net debt ₹2,674mn, 0.76x D/E. Management targets ₹9,022mn PAT by FY29 via ongoing and new projects.
Nimbus Projects Ltd reported revenue from operations of ₹6.9 Cr (+56.8% YoY) and a net loss of ₹8.4 Cr for Q2 FY27.
Nimbus Projects Ltd announced a board meeting for November 5, 2026, to approve Q1 and H1 FY27 results. No financial figures have been disclosed yet.
Nimbus Projects reclassified four individuals from the Promoter category to the Public category, following approval from BSE and NSE. The promoter count reduced from 18 to 14.