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. Following a Scheme of Arrangement, the company acquired 49.96% equity shares of Brothers Trading Private Limited, making it an associate company. Brothers Trading operates in the finance industry, with a paid-up capital of Rs. 2.89 crore and turnover of about Rs. 51 lakh in FY24. The acquisition arose from the amalgamation of two transferor companies holding those shares, and was completed on an arm’s length basis. This strategic move expands Nimbus Projects' footprint in financial services through the associate entity.