Karda Constructions Ltd. Board of Directors Recommend Issuance of Bonus Shares in 4:1 Ratio

Nashik (Maharashtra) [India], July 16: BSE & NSE listed Karda Constructions Ltd. (KCL) (BSE: 541161; NSE: KARDA), is a leading real estate developer. In a board meeting held on 14 July 2021, the company’s board of directors has recommended the issuance of bonus shares in the ratio of 4:1, i.e. four equity shares for every one fully paid-up equity share of Rs.1/- each, subject to the approval of shareholders. The company will inform in due course the “Record Date” for determining shareholders entitled to receive Bonus Shares.

As the board of directors has recommended the subdivision of the face value of shares from Rs.2/- to face value of Rs.1/- in its meeting on May 31, 2021, the consent for the members for both matters will be sought forthcoming AGM.

Earlier last month, the Company had announced excellent results for the quarter and year ended 31st March 2021. The company had reported a jump of 240% in its net profit for the 4th Quarter (Q4) of FY 20-21 on a QoQ basis on the back of a strong recovery in the real estate sector post the ease in lockdown measures. The company’s net profit increased to INR 12.65 crores in Q4 FY 21 from INR 3.74 Crores in Q3 FY 21 showing significant growth of 240%.

For the year ended 31st March 2021, The Total Revenue of the company increased to INR 128.46 Crores in FY 21 from INR 118.33 Crores in FY 20 showing a growth of 8.50%. Net Profit saw a huge improvement in FY21 and stood at INR 20.18 crore (FY21) as compared to INR 9.55 crore (FY20), an increase of111%. EPS also grew to INR 3.28 (FY21) from INR 1.55 (FY20).

The company’s business activity falls within two business segments – Development of Real Estate Properties and Civil Contracting Business.

Karda Constructions Ltd is a First-Generation Construction Company in Maharashtra and Western India with a disciplined and professional approach. The Company is founded and promoted by Mr. Naresh Karda in the year 2007. Promoter has an experience of more than 25 years in the construction industry. The company has established a brand name as “Hari” for all its projects. The Company has received an Award for the “Iconic Budget Home” by Times Realty Icons Award 2019, Navi Mumbai & Thane. The Company also received an Award for the “The Most Preferred Real Estate Company”, of Nashik at the event“My Maharashtra Awards-2019”.

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

The Love towards Risk: Markets, Stock Markets!

Aug 4: Last year and a half have been a sky-rocketing journey for equity markets, mutual funds, and all the brokers and investors. The returns almost closed at 40% minimum, encouraging more and more people to invest. Honestly, successful investing is all about managing your risks and not avoiding them. With the assistance of a […]

Read More
Business

Gururo.com collaborates with IU University, Germany to Offer World-Class Post Graduate Certificate in Program Management

Bengaluru, Aug 4: Even before the pandemic, the Need for Program Management was evolving at the speed of light. But now, every organization needs a skilled Program Manager to ensure business objectives are met. Program Management as a domain helps organizations, big or small, to deliver projects on time, on budget, and within scope. As […]

Read More
Business

Discover the Easiest Way to Plan and Organize All Kinds of Road Trips Ryde Easy

Kerala, August 4: Ryde Easy empowers its riders with self-driven rental cabs at the most affordable prices. It provides express rental cabs services in remotest locations along with minimal documentation procedures. Owning a car isn’t for everyone. The additional car maintenance expenses, road tax, growing fossil fuel prices, and parking space requirements bring a lot […]

Read More