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

Nimbus Projects Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company has acquired 66.16% stake in N.N. Financial Services Private Limited through a scheme of arrangement involving the amalgamation of four transferor companies. As a result, N.N. Financial Services has become a material subsidiary. The acquired entity operates in the finance industry, with a paid-up share capital of Rs.13.67 Cr and turnover of Rs.0.57 Cr for FY 2023-24. This acquisition aligns with the company’s broader business interests and expands its presence in the financial services sector.