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

The Board of Directors has approved an unsecured loan facility of 25 Cr for its 95%-owned subsidiary, IITL-Nimbus, The Palm Village. The loan, provided by Nimbus (India) Limited, an associate and promoter group company, will be used for the subsidiary's business objectives and payment obligations. This 2-year loan carries an 11% annual interest rate. The transaction is considered a related party transaction, carried out at arm's length, and is subject to shareholder approval. This move supports the subsidiary's operational funding.