Nimbus Projects Ltd — Updates, 16-05-2025: Company Update

Nimbus Projects has announced a board meeting and allotted 84.8 lakh fully paid equity shares of INR 10 each to shareholders of nine merged entities under a Scheme of Arrangement. These shares were issued based on the approved share exchange ratio and will be listed on BSE. Additionally, 8 equity shares were allotted to the trustee to manage fractional entitlements arising from the merger. This allotment marks a key step in the amalgamation process, expanding Nimbus Projects’ shareholder base and consolidating operations.