BSECompany Update2d ago · 27 Jul 2026, 05:38 pm
Acting as a guarantor and authorizing its partnership firm IITL-Nimbus, The Express Park View, a Subsidiary Entity regarding availing of term loan facility upto Rupees 23.00 Crore from ....
Nimbus Projects Ltd · 511714
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Nimbus Projects Ltd has informed that it will act as a guarantor and authorize its partnership firm IITL-Nimbus, The Express Park View, a Subsidiary Entity, to avail a term loan facility of Rs.23.00 Crore from ICICI Bank Limited.
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Nimbus Projects Ltd - 511714 - Acting As Guarantor Regarding Availing Of Secured Loan/ Credit Facility Of Rs.23.00 Crore From ICICI Bank Limited
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NPL/BSE/NSE/2026-27/31 July 27, 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 pursuant to Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015- Acting as Guarantor regarding availing of
secured loan/ credit facility of Rs.23.00 Crore
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;
Monday, July 27, 2026 has finalized the terms & conditions for acting as a guarantor and
authorizing its partnership firm IITL-Nimbus, The Express Park View, a Subsidiary Entity
regarding availing of term loan facility upto Rupees 23.00 Crore from ICICI Bank Limited:
S. No. Particulars Detail of disclosure
1. Detail of Lenders ICICI BANK Limited having its office at ICICI BANK
Limited having its office at S26, Veera Tower, Green
Park Extension, New Delhi-110016
2. Purpose of Loans 1. Upto Rs.23.00 Crore towards the repayment of the
term loan facilities availed by the Borrower from the
Other Lender utilized towards cost of ongoing
projects of the Borrower Group (excluding land, TDR
and FSI cost) and transaction related expenses.
2. Balance of the proposed loan (if any) to be utilized
Towards funding of the cost of ongoing projects.
3. Total amount of loans to be Rupee Term Loan: Not exceeding Rs.23.00 Crore
granted
5. Nature/duration/ Rate of Availing of term loan facility Rs. 23.00 Crore from
Interest etc. for Loan ICICI Bank Limited, from time to time in various
tranches, at an interest rate of 10.10% p.a. and for a
period of 36 months and Nimbus Projects Limited to
act as a Guarantor for availing the above mentioned
loan.
6. Date of Credit Arrangement
July 20, 2026
Letter/ Sanction Letter
7. Details of security provided The Facility, all interest thereon, costs, charges,
expenses, penal charges and all other monies in
respect thereof shall be secured by:
1. First Pari Pasu charge by way of equitable
mortgage on approx. area admeasuring 52,493.16
sq. mtrs. located at Plot No. GH-03, Sector CHI-V,
Greater Noida, Gautam Budh Nagar, Uttar Pradesh.
2. First Pari Pasu charge by way of equitable
mortgage on unsold units of the project but
including any cancellations of the sold units.
3. First Pari Passu charge by way of hypothecation
on the future Scheduled Receivables of the Project
and all insurance proceeds, both present and future.
4. First Pari Passu charge by way of hypothecation
on the Escrow Accounts of the Project
5. Exclusive charge by way of hypothecation on the
DSR Account all monies credited/deposited therein
and all investments in respect thereof.
8. Other Details(if any) As mentioned above
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
(Company Secretary & Compliance Officer)
M. No: A69712