Nimbus Projects Incorporates Subsidiary IITL Nimbus The Express Park View Private Limited
Nimbus Projects Limited incorporated its subsidiary, IITL Nimbus The Express Park View Private Limited, on October 10, 2026. The company holds a 95% stake in the subsidiary, which has an authorized share capital of ₹1.50 crore. The subsidiary will focus on real estate development.
The incorporation of a subsidiary is a strategic move that could lead to future growth and consolidation of business activities. The Real Estate sector is a key focus for the company, and this move formalizes and potentially expands its operations in this area.
The announcement is a routine corporate action regarding the incorporation of a subsidiary. While it represents an expansion of business structure, it doesn't immediately suggest a significant positive or negative financial impact.
Nimbus Projects Limited (NPL) announced the incorporation of its subsidiary, IITL Nimbus The Express Park View Private Limited, on October 10, 2026. This follows a previous intimation on July 27, 2026, regarding the proposed conversion of the partnership firm IITL-Nimbus, The Express Park View into a subsidiary.
The newly incorporated entity will engage in the construction of residential and commercial properties, acting as builders, developers, and contractors, aligning with NPL's core business activities.
The subsidiary has an authorized share capital of ₹1.50 crore and a paid-up share capital of ₹1.08 crore. NPL holds a 95% stake (10,23,750 equity shares of ₹10 each) in the subsidiary, with the Managing Director, Mr. Bipin Agarwal, holding the remaining 5%. The transaction, which involved converting NPL's capital contribution in the partnership firm of ₹1.02 crore into equity shares, was conducted on an arm's length basis and is considered a related party transaction.
Previously, the partnership firm reported turnovers of ₹220.29 crore in FY2025-26, ₹172.69 crore in FY2024-25, and ₹15.05 crore in FY2023-24. The subsidiary operates in the Real Estate Industry.
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Nimbus Projects Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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