Nimbus Projects Limited announced at the board meeting held on August 9, 2022 has decided to avail/continue to avail unsecured Loan facility of INR 750 million from Nimbus India Limited, A Related Party. The following are the other particulars: Detail of Lender is Nimbus lndia Limited, a Delhi based Non-Banking Financial Company INBFC), registered with Reserve Bank of lndia (RBl), having registered office at 1001-1006, 10th Floor, Narain Manzil, Z3, Barakhama Road, New Delhi 110001. Purpose of loan is Business Loan.

Amount of loan is 750 million to be availed in tranches. Total amount of Loan 0utstanding is INR 25 million is outstanding as on date. Nature/duration/Rate of interest/Security provided etc.

for Loan is To continue to avail unsecured loan facility of INR 750 million from Nimbus India Limited, from time to time in tranches, at interest rate of 10% per annum, for a further period of 24 months. Date of execution of Loan Agreement and details of amendment is to continue to avail the unsecured loan facility INR 750 million in terms of existing loan Agreement. Other Details is Nimbus India Limited, is a related party and renewal of credit facility is a material related party transaction, Members via its Special Resolution dated September 30, 2020 had already approved the borrowing from Nimbus India Limited, upto INR 750 million from time to time, the said approval of shareholders still subsist.