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02 Apr 2026
Nimbus Projects has received official approval from the National Stock Exchange (NSE) to list its equity shares, marking a significant milestone in the company's journey toward becoming a publicly traded entity. The approval covers the listing of 19318735 equity shares of face value ₹10 each on the exchange.
Official NSE Approval Details
The company received the listing and trading approval from NSE vide letter no. Ref: NSE/LIST/241 dated April 01, 2026. The approval was communicated to the company at 18.26 hours via NSE e-mail on the same date. This formal approval confirms the company's readiness to commence public trading operations.
Parameter: Details Number of Shares: 19318735 (1.93 crore) equity shares Face Value: ₹10 per share Trading Start Date: April 6, 2026 Trading Symbol: NIMBSPROJ Exchange: NSE Market Lot: 1 Series: EQ
Trading Commencement and Compliance
The company's shares are scheduled to begin trading on April 6, 2026, providing investors with access to the stock through the NSE platform. The shares will trade under the symbol "NIMBSPROJ," which will serve as the unique identifier for the company's stock on the exchange.
As part of the listing requirements, Nimbus Projects has been directed to use the NSE Electronic Application Processing System (NEAPS) for all future regulatory filings and compliance submissions. The company will need to seek requisite exchange approvals separately for any future corporate actions or allotments.
Market Entry Significance
The NSE approval represents a crucial step for Nimbus Projects as it transitions from a private entity to a publicly listed company. This development will enable the company to access capital markets and provide liquidity options for existing shareholders while attracting new investors.
The listing on NSE, one of India's premier stock exchanges, will subject the company to regulatory oversight and disclosure requirements under SEBI (LODR) Regulations, 2015. The company has appointed Ritika Aggarwal as Company Secretary and Compliance Officer to manage these regulatory obligations.
Nimbus Projects Limited has announced a partnership stake transfer involving its group company and Managing Director across three partnership firms. The company informed the BSE about this corporate restructuring under Regulation 30 of SEBI listing regulations on March 28, 2026.
Partnership Structure and Stake Distribution
The company currently operates through partnerships in three real estate projects with varying capital contribution structures:
Partnership Firm Nimbus Projects Stake NPPL Stake IITL-Nimbus, The Express Park View (EPV) 95% 5% IITL-Nimbus, The Palm Village (PV) 95% 5% IITL-Nimbus, The Hyde Park, Noida (HP) 50% 50%
Stake Transfer Details
Nimbus Propmart Private Limited (NPPL), a group company and current partner in the three firms, has decided to sell its partnership stakes to Mr. Bipin Agarwal. Mr. Agarwal serves as the Managing Director and promoter of Nimbus Projects Limited. Following this transaction, NPPL will retire from all three partnership firms, while Mr. Bipin Agarwal will be inducted as the new partner in place of NPPL.
Impact on Company Operations
The management has clarified that this partnership restructuring will not result in any operational or financial changes for Nimbus Projects Limited. The company emphasized that there will be no change in the nature, amount, and control of capital contribution held by the company in these partnership firms after the change of partner.
Corporate Governance Compliance
The company has assured stakeholders that the transaction will not affect any change in control, management, or financial position of Nimbus Projects Limited. This disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in corporate actions.
The formal intimation was signed by Ritika Aggarwal, Company Secretary and Compliance Officer, maintaining proper corporate governance protocols throughout the announcement process.
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