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Nimbus Projects informs about updates on redemption of unlisted preference shares

10 Jun 2021 Evaluate
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.

Nimbus Projects Share Price

196.45 -2.10 (-1.06%)
17-Apr-2026 16:59 View Price Chart
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