Nimbus Projects has informed that the Board of Directors of the Company has on request of the preference shareholder, Intellectual Securities approved the partial redemption of 0% Non-Cumulative, Non-Convertible Non-Participating Preference Share of the Company. The Approval was sought through Circular Resolution No. CR/NPL/01/2021-22 passed on Tuesday, June, 08, 2021 by requisite majority of Directors. The redemption was made out from issue of fresh equity shares through preferential allotment to the select Non-Promoter category. The Company after obtaining all the necessary approvals had allotted the equity shares to the select Non- Promoter category on June 02, 2021.
The above information is a part of company’s filings submitted to BSE.
