Nimbus Projects Ltd — Important, 25-06-2026: Company Update

Nimbus Projects has formalized its residential township project in Mathura, Uttar Pradesh, by signing a Memorandum of Understanding. This collaboration covers approximately 25 acres, with a 50:50 revenue-sharing model between the company and land owners. Nimbus will manage planning, development, and marketing. The agreement outlines an upfront consideration of Rs. 20 Crore and a Rs. 10 Crore refundable security deposit upon the Joint Development Agreement, marking a key expansion in its real estate portfolio.