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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
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Nimbus Projects Ltd

Nimbus Projects Ltd Avails Rs 40 Crore Term Loan from ICICI Bank

FUNDRAISE ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 27 Jul 2026, 05:36 PM IST  ·  BSE ID: 41f277d4-5bad-4641-9e42-f135fbce5989
View Original BSE Filing (PDF)
💡
In Simple Terms
Nimbus Projects has borrowed Rupees 40 Crore from ICICI Bank to pay off old loans and fund its current projects.
🤖 AI Summary
  • Nimbus Projects secured a term loan facility of upto Rupees 40 Crore from ICICI Bank.
  • The loan's purpose includes repaying existing term loans and funding ongoing projects.
  • IITL-Nimbus, The Express Park View will act as a guarantor for the facility.
  • The term loan carries an interest rate of 10.10% per annum for a 36-month period.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Term Loan Facility Amount
Rupees 40 Crore
Lender
ICICI Bank Limited
Interest Rate
10.10% p.a.
Loan Tenure
36 months
Guarantor
IITL-Nimbus, The Express Park View
🏢 How This Affects the Company
📈
Business Impact
The term loan facility will provide funding for ongoing projects, supporting business continuity and potential expansion.
💰
Financial Impact
The Rupees 40 Crore loan increases the company's debt obligations. Interest expense will rise by approximately Rupees 4.04 Crore annually based on the full amount drawn at 10.10% p.a. This facility also involves security charges on company assets.
⚠️
Risk Impact
The company's financial risk profile is impacted by the new debt. Security charges on project assets and unsold units represent a potential downside if loan obligations are not met.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this loan facility availing.
👤
Who Is Affected
All shareholders are indirectly affected as the company's debt levels and financial structure are altered.
🔍
Management Signal
This action signals management's intent to secure necessary funding for project execution and debt management.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Confirmation of loan disbursement and utilization for projects.
Future financial results to assess debt servicing capacity.
Updates on project completion timelines and revenue generation.
MEDIUM RISK Increased debt and secured nature of the loan pose financial and asset-related risks.
💡 Investor Takeaway
Nimbus Projects Limited has arranged a Rupees 40 Crore term loan from ICICI Bank at 10.10% p.a. for 36 months to repay existing loans and fund ongoing projects, secured by project assets.
⚖️ Strengths & Concerns

✅ Positives

  • Secured Rupees 40 Crore term loan facility, providing necessary project funding.
  • Loan facility obtained from ICICI Bank with a clear interest rate of 10.10% p.a.

⚠️ Concerns

  • The loan of Rupees 40 Crore increases the company's overall debt burden.
  • Facility is secured by first pari passu charges on project assets and unsold units.
❓ Frequently Asked Questions
What is the total amount of the term loan Nimbus Projects is availing?
Nimbus Projects is availing a term loan facility of upto Rupees 40 Crore from ICICI Bank Limited.
Who is the lender for the Rupees 40 Crore term loan?
The lender for the Rupees 40 Crore term loan facility is ICICI Bank Limited.
What is the interest rate for the Rupees 40 Crore term loan?
The term loan facility carries an interest rate of 10.10% per annum.
What is the duration of the Rupees 40 Crore term loan facility?
The term loan facility has a tenure of 36 months.
What is the purpose of the Rupees 40 Crore term loan?
The loan is for repaying existing term loan facilities and for funding the cost of ongoing projects.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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