Nimbus Projects Ltd — Board Meeting, 31-05-2025: Board Meeting

Nimbus Projects Limited has announced a board meeting approving the financial results for the quarter and half-year ended March 31, 2025. The company adopted a change in accounting policy consolidating partnership firms where it holds 95% share, aiming to enhance transparency and provide more relevant financial information. The standalone financials show a net loss after tax of Rs. 17.22 lakh and an earnings per share of (Rs. 1.55). On a consolidated basis, the company reported a net profit after tax of Rs. 11.35 crore and earnings per share of Rs. 104.74. The firm continues to develop its real estate portfolio, including a significant co-development project at Noida's Sunworld Arista, with a contract value of approx. Rs. 350 Cr and Rs. 184.48 Cr invested till March 2025. The merger process of multiple transferor companies into Nimbus Projects Ltd. is progressing with necessary approvals and equity allotments completed. The company is focused solely on real estate development with no reportable segments.