News Announcement

Nimbus Projects: Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosures Requirements) Regulations 2015 Partial Surrender Of Unutilized Land Under Project Settlement Policy 2016 (PSP) By IITL- Nimbus The Palm Village

Pursuant to Regulation 30 of the SEBI (LODR) Regulations 2015 we hereby inform you that M/s. IITL - Nimbus The Palm Village a Partnership Firm (the Firm) in which Nimbus Projects Limited is a Partner has applied for partial surrender of unutilized land admeasuring 47843.7 sq. meters out of total project land area of around 102995.70 sq. meters of plot no. GH-03 situated at Sector 22-A Distt. G.B. Nagar (U.P.) under Project Settlement Policy 2016 (PSP) launched by Yamuna Expressway Industrial Development Authority (YEIDA) Government of Uttar Pradesh. The application has been approved by the YEIDA for the surrender of unutilized land.

The surrender deed under clause 4(?) of the Project Settlement Policy 2016 has been executed between M/s. IITL - Nimbus The Palm Village and Yamuna Expressway Industrial Development Authority (YEIDA) dated November 30 2021. This information is being provided to you immediately after receipt of the said deed.

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