Nimbus Projects Debt & Borrowing: ₹60 Cr
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.
- Value
- ₹60.00 Cr
- Execution
- 2 years
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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.
Nimbus Projects incorporated its subsidiary, IITL Nimbus The Express Park View Private Limited. The company acquired a 95% stake by converting its Rs.1.02 Crore capital contribution.
Nimbus Projects Limited incorporated a subsidiary, IITL Nimbus The Hyde Park Private Limited, by converting its ₹0.25 Crore capital contribution in a partnership firm.
Nimbus Projects Limited entered a strategic investment agreement with Sankalp Agencies Private Limited to invest ₹15.00 Crore in a commercial real estate project in New Delhi.
Nimbus Projects Ltd's board approved availing an unsecured loan of ₹30 Crore from World Resorts Limited. The facility carries an interest rate of 12% per annum.
Nimbus Projects appointed Ms. Neha Atal Poddar as a Non-Executive Independent Woman Director for a 5-year term, effective July 27, 2026.
Nimbus Projects Limited announced the appointment of M/s Doogar & Associates as its new Statutory Auditor for a five-year term, approved at the company's 33rd AGM.
The Chairman's speech at Nimbus Projects' 33rd AGM highlighted financial performance and ongoing real estate projects in Delhi-NCR, while announcing a new JDA in Vrindavan.