Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Availing of Loan from Nimbus (India) Limited

NPL/BSE/NSE/2026-27/67 November 05, 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: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Availing of Loan from Nimbus (India) Limited Dear Sir/Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that on recommendation of Audit Committee, the Board of Directors at its meeting held on today, i.e. Thursday, November 05, 2026 has finalized the terms & conditions of availing an unsecured Loan/ credit facility of Rupees 60.00 Crore (Rupees Sixty Crore Only) from Nimbus (India) Limited, an associate company. The following are the other particulars: S. No. Particular Detail of disclosure a) Detail of Lenders Nimbus India Limited (‘NIL’), a RBI registered NBFC, is an Associate Company of Nimbus Projects Limited within the meaning of Section 2(6) of the Companies Act, 2013. NIL is also a Promoter group company of the Company. b) Purpose of Loan Business Purpose c) Amount of loan To avail unsecured loan/ credit facility up to Rs. 60,00,00,000/- (Rupees Sixty Crore only) from NIL, in tranches, at an interest rate of 12% per annum for a period of 2 years. d) Shareholding, if any, in the entity with Nimbus Projects Limited (‘the Company’) holds whom the agreement is executed 47,90,000 equity shares aggregating to 42.69% of shareholding in the NIL. NIL is a promoter group company of the Company and holds 18,22,381 equity shares aggregating to 9.43% in the Company. e) Significant terms of the agreement (in N.A. brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure f) Whether, the said parties are related to Yes, NIL is a promoter group Company of the promoter/promoter group/ group Company holding 18,22,381 Equity Shares companies in any manner. If yes, nature of aggregating to 9.43% of shareholding in the relationship Company. Mr. Bipin Agarwal, Managing Director of the Company is a common director and shareholder in both contacting companies. Mr. Bipin Agarwal, Managing Director hold 883600 (7.87%) equity shares in NIL and holds 679554 Equity shares (3.52%) in the Company. g) Whether the transaction would fall within Yes, the transaction falls within the purview of related party transactions? If yes, whether Related Party Transactions as per Regulation 23 of the same is done at “arm’s length the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The shareholders’ approval for the transaction has been obtained by the Company vide passing a Special Resolution at the 33rd AGM held on 29.09.2026. The transaction is being carried out at arm’s length basis. h) In case of issuance of shares to the N.A. parties, details of issue price, class of shares issued i) In case of loan agreements, details of To avail unsecured loan/ credit facility up to Rs. borrower, nature of the loan, total amount 60,00,00,000/- (Rupees Sixty Crore only) from NIL, in of loan granted/taken, total amount tranches, at an interest rate of 12% per annum for a outstanding, date of execution of the loan period of 2 years. agreement/sanction letter, details of the security provided to the lenders / by the borrowers for such loan or in case outstanding loans lent to a party or borrowed from a party become material on a cumulative basis j) Any other disclosures related to such N.A. agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements The same is also available on the website of the Company at www.nimbusprojectsltd.com The Meeting of the Board of Directors of the Company commenced at 03:00 p.m. (IST) and concluded at 08:00 p.m. (IST). Kindly take the above information on record and acknowledge the receipt. Yours Faithfully For Nimbus Projects Limited Ritika Aggarwal (Company Secretary & Compliance Officer) M. No: A69712