Nimbus Projects Ltd — Updates, 14-05-2025: Company Update

Nimbus Projects Limited has announced a board meeting on the effectiveness of its amalgamation scheme involving nine transferor companies. The scheme is effective from May 14, 2025, following approvals from multiple National Company Law Tribunals and filing of necessary forms with Registrars of Companies. As a result, all assets and liabilities of the transferor companies have been transferred to Nimbus Projects, and these companies are now dissolved without winding up. The company has also set this effective date as the record date for allotting shares to shareholders of the transferor entities, marking a significant consolidation move to streamline operations and enhance shareholder value.