10-Oct-2026 21:54:22

NIMBSPROJ : INCORPORATES 95%-OWNED SUBSIDIARY IITL NIMBUS THE EXPRESS PARK VIEW FOR RS 1.02 CR

• NPL's capital contribution of ~₹1.02 Cr in the partnership firm converted into 10,23,750 fully paid equity shares of EPV • Company holds 95% in IITL Nimbus The Express Park View Private Limited; promoter Mr. Bipin Agarwal holds remaining 5% (53,882 shares) • Target incorporated on October 10, 2026; engaged in real estate construction and development activities in India • Partnership firm's turnover: FY26 ₹220.29 Cr, FY25 ₹172.69 Cr, FY24 ₹15.05 Cr (as a partnership firm) • Authorized share capital ₹1.50 Cr; paid-up share capital ~₹1.08 Cr • Conversion consolidates NPL's business activities under the newly incorporated subsidiary

Nimbus Projects Ltd

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