Nimbus Projects Ltd — Important, 28-07-2026: Company Update

Nimbus Projects Limited's Board finalized terms to act as guarantor for its subsidiary entity, IITL-Nimbus, The Express Park View. This involves a secured term loan facility of up to 23.00 Cr from ICICI Bank Limited, at an interest rate of 10.10% per annum for 36 months. The funds will primarily repay existing term loan facilities related to ongoing projects, with any remainder funding new project costs. This move strengthens the subsidiary's financial position and supports the progress of its development projects.