Nimbus Projects Signs MoU for Mathura Township Project; Shares Rise

Mumbai, June 25: Nimbus Projects Ltd has signed a fresh memorandum of understanding (MoU) to move forward with its proposed residential township project at Neemgaon in Uttar Pradesh’s Mathura district, the company said in an exchange filing.

The latest agreement builds on the company’s disclosure made on May 22, 2026, when it first announced plans to jointly develop the land. According to the filing, Nimbus Projects executed the MoU on June 24, 2026 with Kaamag Private Ltd, landowners Maayin’s Real Estate Pvt. Ltd. and Sooraj Kumar, and confirming party Dr. Bhupesh Singh Naruka.

Rather than transferring ownership immediately, the MoU lays down the commercial framework that will govern the proposed acquisition, development and eventual commercialisation of the township. The arrangement remains subject to execution of definitive agreements and receipt of statutory and regulatory approvals.

Agreement Details Include Revenue Sharing and Upfront Payment

Under the agreed framework, Nimbus Projects will develop a residential township spread across nearly 25 acres at Neemgaon.

The proposed structure provides for a 50:50 revenue-sharing arrangement, with 50% allocated to the landowners and 50% to the developer. Nimbus Projects will be responsible for obtaining approvals, carrying out construction, marketing the project and overseeing its commercial launch.

The company has also agreed to pay an upfront, non-refundable consideration of ₹20 crore within 60 days of executing the joint development agreement or upon registration under RERA, whichever is earlier. In addition, it will provide a refundable security deposit of ₹10 crore, which will later be adjusted against the landowners’ revenue share.

Nimbus Projects said the transaction will be completed only after due diligence, financing arrangements and execution of the final legal documents.

Stok Market Snapshot

The update kept the stock in focus during Thursday’s trading session.

As of 15:31 IST on June 25, 2026, Nimbus Projects shares were trading at ₹209.99, up ₹2.04 or 0.98%. The Nimbus Projects share price edged higher after the company shared additional details of the proposed township development.

The filing largely provides greater clarity on the commercial terms rather than announcing a new project, as the company had first disclosed its plans in May.

Company Background

Nimbus Projects develops residential and commercial real estate projects across North India. Its portfolio includes housing developments, integrated townships and mixed-use projects, with a focus on the Delhi-NCR and neighbouring regions.

The company has been pursuing joint development arrangements to expand its project pipeline while limiting upfront land acquisition costs.

Conclusion

The latest MoU takes the proposed Mathura township a step closer to execution by outlining the commercial framework between the developer and landowners. While the project is still contingent on definitive agreements and regulatory approvals, the disclosure provides investors with greater visibility into how the proposed development is expected to be structured.

Source:

• https://www.nseindia.com/get-quote/equity/NIMBSPROJ/Nimbus-Projects-Limited
• https://nsearchives.nseindia.com/corporate/NIMBUS_25062026134437_Outcome_MOU_Radha_Kund.pdf