Nimbus Projects to Avail ₹30 Crore Unsecured Loan from Associate World Resorts Limited
Nimbus Projects Limited will avail an unsecured loan of ₹30 crore from its associate company, World Resorts Limited. The loan carries an interest rate of 12% per annum and a tenure of two years. Key management personnel are common directors in both entities, and the transaction is on an arm's length basis.
The loan amount of ₹30 crore is material for Nimbus Projects Limited and will impact its financing structure. The involvement of an associate company and common directorships, along with the arm's length transaction confirmation, are significant details for stakeholders.
The announcement details a loan agreement between related parties, which is a routine disclosure. While it provides necessary funding, the associated interest rate and related party nature do not inherently signal a strong positive or negative outlook.
Nimbus Projects Limited (NPL) announced on October 07, 2026, that its Board of Directors, following a recommendation from the Audit Committee, has approved availing an unsecured loan facility of ₹30 crore (Rupees Thirty Crore Only) from World Resorts Limited, an associate company.
The loan will be disbursed in tranches over a period of two years at an interest rate of 12% per annum. World Resorts Limited is an associate company of NPL, with NPL holding a 25.32% equity stake in it. Notably, Mr. Bipin Agarwal, Managing Director of Nimbus Projects Limited, is a common director and shareholder in both companies, holding a 4.85% stake in World Resorts Limited. Mr. Rajeev Kumar Asopa, a Director at Nimbus Projects, is also a common director in both entities.
This transaction falls under the purview of Related Party Transactions as per Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is being carried out on an arm's length basis. The Board meeting where this decision was finalized commenced at 01:00 p.m. (IST) and concluded at 02:00 p.m. (IST) on the same day. The company has also made this information available on its website.
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Nimbus Projects Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. 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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See the model portfoliosA plain-language summary of a public exchange filing by Nimbus Projects Limited. Read the original for the full detail.