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

Nimbus Projects Limited has announced a board meeting at which it allotted 84.81 lakh fully-paid equity shares of ₹10 each to shareholders of nine transferor companies as part of a merger scheme. The shares were allotted based on a pre-approved share exchange ratio and are proposed to be listed on BSE. An additional 8 equity shares were allotted to a trustee to manage fractional entitlements arising from the merger. This equity infusion reflects the completion of the amalgamation process, enhancing shareholder value through expanded equity participation.