Nimbus Projects Ltd — Updates, 31-05-2025: Company Update

Nimbus Projects Limited has changed its accounting policy for preparing consolidated financial statements, now following Ind AS-110 since FY 2022-23. The new policy also includes consolidation of two partnership firms—where Nimbus holds 95%—due to loss of control by the other partner. Management believes this shift offers more reliable and relevant financial information, improving the clarity of the company’s financial position and performance. This update may enhance transparency for investors and stakeholders assessing Nimbus’s overall business health.