Nimbus Projects Ltd — Important, 27-07-2026: Company Update

Nimbus Projects has approved a term loan facility of up to 40 Cr from ICICI Bank. This loan, at an interest rate of 10.10% per annum over 36 months, will primarily be used to repay existing term loan facilities and fund ongoing projects. IITL-Nimbus, The Express Park View, will act as a guarantor. The loan is secured by mortgages on specific land, unsold project units, future receivables, and project escrow accounts. This move is significant for managing existing debt and supporting project development.