Nimbus Projects Limited: Independent Director Mr. Debashis Nanda Ceases Post Tenure Completion
Mr. Debashis Nanda has completed his second term and ceased to be an Independent Director of Nimbus Projects Limited effective August 11, 2026. He was a member of the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees.
The cessation of an independent director upon completion of their term is a standard corporate governance procedure and typically has a low impact on the company's operations or stock performance.
The announcement is a routine disclosure regarding the cessation of an independent director upon completion of their tenure, with no immediate positive or negative financial implications for the company.
Nimbus Projects Limited announced that Mr. Debashis Nanda (DIN: 00150456) has completed his second term as an Independent Director on August 11, 2026. Consequently, he has ceased to hold this position with effect from the end of business hours on August 11, 2026.
The Board of Directors and the management extended their sincere appreciation for Mr. Nanda's valuable contributions, guidance, and services during his tenure with the company. Mr. Nanda was a Non-Executive, Independent Director and a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.
This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information will also be available on the company's website, www.nimbusprojectsltd.com.
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Nimbus Projects Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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