Acquisition

NPL/BSE/NSE/2026-27/59 October 10, 2026 To, To, The Manager The Manager BSE limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Tower, Bandra Kurla Complex, Bandra(E) Dalal Street, Mumbai- 400001 Mumbai – 400051 Scrip Code: 511714 Symbol: NIMBSPROJ Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Incorporation of a subsidiary company Dear Sir/ Madam, This is in furtherance to our intimation dated July 27, 2026 bearing Reference No. NPL/BSE/NSE/2026-27/28, wherein we had informed you that IITL-Nimbus, The Express Park View (a firm in which the Company is a partner) was proposed to be converted into a Subsidiary i.e. IITL Nimbus The Express Park View Private Limited In this connection, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), read with Para A of Part A of Schedule III to the said Regulations, we wish to inform you that a Subsidiary Company with the name “IITL Nimbus The Express Park View Private Limited” has been incorporated on October 10, 2026. The details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD- 2/P/CIR/2025/376 dated January 30, 2026, are provided in “Annexure A”. The same is also available on the website of the Company at www.nimbusprojectsltd.com Kindly take the above information on records. Thanking You. Yours Faithfully For Nimbus Projects Limited Ritika Aggarwal (Company Secretary & Compliance officer) M.No: A69712 Enc.: As stated “Annexure-A” The detailed information as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026: S.No. Particulars Details 1. Name of the target entity, Name of the target entity: IITL Nimbus The Express details in brief such as size, Park View Private Limited (“EPV”) turnover etc. Details of target entity: Target entity is located in India Size: Authorized Share Capital: Rs.1,50,00,000/- (Rupees One Crore Fifty Lakh only) Paid up Share Capital: Rs. 1,07,76,320/- (Rupees One Crore Seven Lakh Seventy-Six Thousand Three Hundred Twenty only) Turnover: Not Applicable* *EPV was incorporated on October 10, 2026, since it is a newly incorporated entity, financial statement of the Company is not yet available. 2. Whether the acquisition Yes, transaction of subscribing in the shares of “EPV” would fall within related was a related party transaction wherein partnership party transaction(s) and firm of Nimbus Projects Limited (“NPL”) was whether the promoter/ converted into a private limited company. promoter group/ group companies have any 10,23,750 Equity Shares (95%) of Rs. 10/- each fully interest in the entity being paid-up are held by the Company (NPL) and Mr. Bipin acquired? If yes, nature of Agarwal, Managing Director and promoter of NPL held interest and details thereof the remaining 53,882 Equity Shares of Rs. 10/- each and whether the same is fully paid up (5%) in “EPV”. done at “arm’s length” The transaction was held “arm’s length” basis. NPL capital contribution in the partnership firm for Rs.1,02,37,500/- was converted into the equity shares of Company. 3. Industry to which the Real Estate Industry entity being acquired belongs 4. Objects and impact of The newly incorporated Company shall continue to acquisition (including but undertake the business of construction of residential not limited to, disclosure of houses, commercial buildings, flats, farm houses and reasons for acquisition of factory’s sheds and buildings in or out side of India, to target entity, if its business act as builders, developers, colonizers and civil and is outside the main line of constructional contractors and other real estate projects, business of the listed and to provide allied real estate consultancy and related entity) services. The same line of activities of the newly incorporated Company will consolidate NPL business activities. 5. Brief details of any Pursuant to approval received from Ministry of governmental or regulatory Corporate Affairs, CRC, IMT-Manesar 2, Haryana on approvals required for the 10.10.2026 acquisition 6. Indicative time period for Not Applicable completion of the acquisition 7. Consideration - whether The Capital contribution held by NPL in the firm of Rs. cash consideration or share 1,02,37,500/- was converted into 10,23,750 Equity swap or any other form and Shares of Rs. 10/- each fully paid-up in “EPV” details of the same 8. Cost of acquisition and/or Rs.1,02,37,500/- [for acquisition of 10,23,750 equity the price at which the shares shares of Rs. 10/- each fully paid in “EPV”] are acquired 9. Percentage of shareholding The Company holds 95% of the shareholding in “EPV” / control acquired and / or number of shares acquired 10. Brief background about the i) Product /Line of Business: Real Estate Activities entity acquired in terms of products/line of business ii) Date of Incorporation – October 10, 2026. acquired, date of incorporation, history of last iii) Turnover of Last 3 years – Before incorporation, 3 years turnover, country in “EPV” was a partnership firm and details of last 3 which the acquired entity years turnover as a partnership firm is summarized as has presence and any other follows: significant information (in (Rs.in Crores) brief) F.Y 2025-26 F.Y 2024-25 F.Y 2023-24 220.29 172.69 15.05 iv) Country in which the acquired entity: India