Nimbus Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 06, 2012, decided to issue on Preferential basis to non promoters 40 lac equity shares of Rs. 5/- face value at Rs. 40 per shares aggregating to Rs. 16 Crores (Rupees Sixteen Crores only) and subject to requisite necessary approvals from concerned authorities.