Nimbus Projects Ltd — Important, 15-05-2026: Company Update

Nimbus Projects received applications from four individuals, Mr. Nem Chand Jain, Mr. Sunil Jain, Mr. Anil Jain, and Mr. Raj Kumar Agarwal, who are currently part of the Promoter Group. They are seeking to be reclassified as 'Public' shareholders. Each applicant holds an insignificant percentage of the company's shares and has confirmed they do not exercise control, are not on the board, nor hold key management positions. This reclassification, if approved, would adjust the company's shareholding structure by increasing public ownership, which can positively impact market perception and regulatory compliance.