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

Nimbus Projects Limited has announced a board meeting to discuss the financial results for the quarter and half-year. The company has acquired a 42.69% stake in Nimbus (India) Limited through a Scheme of Arrangement that merged Padma Estates Private Limited’s investment in Nimbus (India) Limited with the company. Nimbus (India) Limited, operating in the finance sector, has become an associate of Nimbus Projects. Its revenue grew significantly over the past three years, reaching Rs. 17.61 Cr in the latest fiscal year. This acquisition strengthens Nimbus Projects’ presence in financial services and consolidates related party investments.