General Updates

NPL/BSE/NSE/2026-27/29 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 under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ‘Listing Regulations’) – Proposed conversion/incorporation of a Subsidiary Company Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we wish to inform you that the Board of Directors of Nimbus Projects Limited ("the Company"), at its meeting held today, i.e., July 27, 2026, has, inter alia, approved the incorporation of a subsidiary company under the provisions of the Companies Act, 2013, by converting IITL-Nimbus, The Hyde Park Noida (a partnership firm in which company is a partner) into a private limited Company in the name and style of "IITL Nimbus The Hyde Park Private Limited", subject to completion of all applicable statutory and regulatory formalities. 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 record. Thanking You Yours Faithfully For Nimbus Projects Limited Ritika Aggarwal (Company Secretary & Compliance Officer) M. No: A69712 “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 entity, date & Name of the proposed company: IITL Nimbus The country of incorporation, etc. Hyde Park Private Limited. Date of Incorporation: Conversion of IITL-Nimbus, The Hyde Park Noida (partnership firm) into IITL Nimbus The Hyde Park Private Limited (the proposed Company). The Conversion/Incorporation shall be completed upon issuance of the Certificate of Incorporation by the Registrar of Companies. Country of Incorporation: India. 2. Name of holding company Nimbus Projects Limited (NPL) shall be the holding of the incorporated company of IITL Nimbus The Hyde Park Private Limited company and relation with as NPL shall hold 66.67% paid up equity capital of the the listed entity proposed company. 3. Industry to which the entity Real Estate Industry being incorporated belongs 4. Brief background about the IITL-Nimbus, The Hyde Park Noida is a joint venture entity incorporated in partnership firm wherein the Company holds 66.67% terms of products / line of of capital contribution in the firm and Mr. Bipin Agarwal business holds of 33.33% of capital contribution. The proposed company is being incorporated upon conversion of firm. The proposed Company shall continue to undertake the business of real estate development, including construction, development, acquisition, sale, leasing and management of residential, commercial and other real estate projects, and to provide allied real estate consultancy and related services. 5. Brief details of any Conversion/Incorporation is subject to issuance of the governmental or regulatory Certificate of Incorporation by the Registrar of approvals required for the Companies and such other statutory approvals, if any, as incorporation may be required. 6. Nature of consideration - NPL shall get 2,50,000 (Two Lakh Fifty Thousand) whether cash consideration Equity shares of Rs. 10/- (Ten) each, upon conversion, or share swap and details of in lieu of its Capital Contribution of Rs. 25,00,000/- the same (Rupees Twenty-Five Lakh only) in the firm. 7. Cost of subscription / price NPL subscription in the Share Capital of the proposed at which the shares are Company shall be Rs. 25,00,000/- comprising 2,50,000 subscribed equity shares of Rs.10/- each. 8. Percentage of shareholding / NPL shall hold 66.67% of Equity Shares in the Share control by the listed entity Capital of IITL Nimbus The Hyde Park Private Limited and / or number of shares (the proposed Company) upon conversion and the allotted proposed company shall become a subsidiary of the Company.