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. Through a Scheme of Arrangement, Nimbus has indirectly acquired 36.75% equity in Industrial Investment Trust Limited (IITL), a finance industry company incorporated in 1933 with a turnover of Rs. 37.48 Cr in FY24. This acquisition consolidates shareholding previously held by multiple transferor companies merged into Nimbus, strengthening its presence in the finance sector. The transaction is a related party deal completed on an arm’s length basis via share exchange per the approved scheme.