Nimbus Projects Ltd — Important, 05-01-2026: Company Update

Nimbus Projects Limited announced its Board of Directors has decided to cancel a proposed Long-Term Unsecured Loan Facility of 25 Crore. This decision followed the Audit Committee's review. The facility was intended for IITL-Nimbus, The Express Park View, a Joint Venture Partnership Firm of the Company, from Nimbus (India) Limited, an associate. This move alters the financing plan for the joint venture, potentially impacting its capital structure or project execution strategy by not proceeding with the earlier communicated funding arrangement.