Nimbus Projects Ltd — Updates, 20-06-2025: Company Update

Nimbus Projects Limited has announced a board meeting on the finalization of a secured loan facility of Rs 22 Cr from Aditya Birla Capital Limited for general corporate purposes. The loan, carrying a floating interest rate of 11.25% p.a. for 42 months, will be drawn in tranches. Security includes mortgages on unsold residential units and hotel property worth over Rs 66 Cr, first charge on receivables of Rs 203.59 Cr from the Express Park View project, hypothecation of hotel cash flows, as well as personal and corporate guarantees. The loan agreement was executed on May 27, 2025. This funding supports the company’s operational liquidity and project financing.