Nimbus Projects Ltd — Updates, 23-06-2025: Company Update

Nimbus Projects Limited has announced a delay in submitting the audited financial results for the quarter and year ended March 31, 2025, due to the complexity of consolidating financial statements post-amalgamation of nine transferor companies under different accounting systems. The company transitioned from IGAAP to IND-AS accounting standards, which added substantial complexity to finalizing the results. The Board meeting to approve the results lasted over eight hours. The delay was unintentional and procedural, with May 31, 2025, being a non-working day for the stock exchange. The company is enhancing internal controls to avoid future delays and expressed regret for the inconvenience caused.