AJMERA REALTY & INFRA INDIA LTD.
NSE : AJMERABSE : 513349ISIN
CODE : INE298G01027Industry : Construction - Real EstateHouse
: Ajmera
BSE778.55-3.9 (-0.5 % )
PREV CLOSE (Rs.) 782.45
OPEN PRICE (Rs.) 800.95
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 10185
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE779.55 -2.25 (-0.29 % )
PREV CLOSE(Rs.) 781.80
OPEN PRICE (Rs.) 789.60
BID PRICE (QTY) 779.55 (39 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 47828
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 09-May-2024 | Appointment of Director | Inter alia, approved:- 1. Recommended final dividend of Rs. 4/- per equity share on face value of Re. 10/- each for the Financial Year ended March 31, 2024, subject to approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company. 2. Appointment of Ms. Shreya Shah, Practicing Company Secretary, (ACS 39409/ COP 15859) as Secretarial Auditor of the Company for the Financial Year 2024-25. 3. Appointment of M/s. D R Mathuria & Co, Firm Registration No. M/5670, as Cost Auditors of the Company for the Financial Year 2024-2025. 4. Appointment of Mr. Chandra Prakash Jugani as the Company Secretary and Compliance Officer of the Company (to be termed as Key Managerial Personnel under Section 203 of the Companies Act, 2013 and rules made under) with effect from May 09, 2024. 5. Based upon the recommendation of Nomination and Remuneration Committee and subject to the approval of shareholders, Mrs. Hemanti Prashant Sutaria (DIN: 05012487) be and is hereby appointed as an Independent Director of the Company for the first term of five years commencing from May 11, 2024. |
| 20-Apr-2024 | Ajmera Realty & Infra India informs about PCS certificate | <div style="text-align: justify;">Ajmera Realty & Infra India has informed that it enclosed certificate by Haresh Sanghvi, Practicing Company Secretary under regulation 40(9) & (10) of SEBI (LODR) Regulations, 2015 for year ended March 31, 2024.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 10-Apr-2024 | Ajmera Realty achieves twofold sale in Q4FY24 | <p style="text-align: justify;">Ajmera Realty achieved an impressive twofold sale in Q4FY24, surging to Rs 287 crore from Rs 140 crore in Q4FY23. With the connectivity boost facilitated by the inauguration of Atal Setu, Wadala -- its flagship micromarket, has experienced a strong surge in demand, significantly contributing to this growth. </p><p style="text-align: justify;">Ajmera Manhattan saw a record Rs 100 crore in sales in a single month, reflecting exceptional market response. The launch of the next phase of Ajmera Greenfinity has been equally impactful, underscoring the project's immense appeal. Its collection stood at Rs 197 crore in Q4FY24 as compared to Rs 103 crore in Q4FY23, i.e. up by 91%. </p><p style="text-align: justify;">In FY24, sales value increased by 21% to Rs 1,017 crore as compared to Rs 842 crore in FY23, while its collection stood at Rs 561 crore in FY24. </p><p style="text-align: justify;">Ajmera Realty & Infra India is primarily engaged in real estate development. Its real estate business caters to the mid and hi-end housing segments. It also operates in the hospitality and entertainment, which includes dome theatres, retail and malls, etc.</p> |
| 10-Apr-2024 | Ajmera Realty rises on achieving twofold sale in Q4FY24 | <p style="text-align: justify;">Ajmera Realty is currently trading at Rs. 835.00, up by 7.15 points or 0.86% from its previous closing of Rs. 827.85 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 837.10 and has touched a high and low of Rs. 849.50 and Rs. 824.35 respectively. So far 32269 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 862.75 on 09-Apr-2024 and a 52 week low of Rs. 287.35 on 15-May-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 862.75 and Rs. 751.65 respectively. The current market cap of the company is Rs. 2980.02 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 69.73%, while Institutions and Non-Institutions held 1.79% and 28.48% respectively.</p><p style="text-align: justify;">Ajmera Realty achieved an impressive twofold sale in Q4FY24, surging to Rs 287 crore from Rs 140 crore in Q4FY23. With the connectivity boost facilitated by the inauguration of Atal Setu, Wadala -- its flagship micromarket, has experienced a strong surge in demand, significantly contributing to this growth. </p><p style="text-align: justify;">Ajmera Manhattan saw a record Rs 100 crore in sales in a single month, reflecting exceptional market response. The launch of the next phase of Ajmera Greenfinity has been equally impactful, underscoring the project's immense appeal. Its collection stood at Rs 197 crore in Q4FY24 as compared to Rs 103 crore in Q4FY23, i.e. up by 91%. </p><p style="text-align: justify;">In FY24, sales value increased by 21% to Rs 1,017 crore as compared to Rs 842 crore in FY23, while its collection stood at Rs 561 crore in FY24. </p><p style="text-align: justify;">Ajmera Realty & Infra India is primarily engaged in real estate development. Its real estate business caters to the mid and hi-end housing segments. It also operates in the hospitality and entertainment, which includes dome theatres, retail and malls, etc.</p> |
| 09-Apr-2024 | Ajmera Realty & Infra India informs about operations update | <p style="text-align: justify;">Ajmera Realty & Infra India has informed that it enclosed a statement containing an update on the operations of the Company for the Quarter and Year Ended March 31st, 2024.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.<br></p><div style="text-align: justify;"><br></div> |
| 08-Apr-2024 | Ajmera Realty & Infra India informs about certificate | <div>Ajmera Realty & Infra India has informed that it enclosed a copy of the Certificate received from Link Intime India, the Registrar and Share Transfer Agent of the Company, for the quarter ended March 31, 2024.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div> |
| 06-Mar-2024 | Ajmera Realty secures credit facilities totalling Rs 500 crore from two leading financial institutions | <p style="text-align: justify;">Ajmera Realty & Infra India has successfully secured credit facilities totalling Rs 500 crore from two leading financial institutions: Standard Chartered Bank and ICICI Bank. These funds will be utilized for the execution of Ajmera Manhattan, a luxurious residential project situated in Wadala, Mumbai.</p><p style="text-align: justify;">Additionally, a portion of the funds amounting to Rs 200 crore has been utilized towards the partial prepayment of the GCP loan availed from HDFC Bank. The Ajmera Manhattan project has experienced robust booking activity, with over 60% of inventory already sold as of December 2023 and is also endeavored to be certified as a green building. The demand for the project remains strong, driven by the exponential growth in housing demand along the Sewri-Wadala belt, largely attributed to the recent launch of the Shri Atal Bihari Vajpayee Trans Harbour Link (commonly known as Mumbai Trans-Harbour Link & Atal Setu).</p><p style="text-align: justify;">The estimated project completion costs are well-covered by pre-sales balance receivables. Through this structured deal, the company has advanced the partial prepayment of the GCP loan ahead of its schedule. Consequently, the project loan repayment is expected to align more closely with project cash flows. Importantly, the company has secured this deal at a lower cost of funds compared to prevailing rates with the existing lender.</p><p style="text-align: justify;">Ajmera Realty & Infra India is primarily engaged in real estate development. Its real estate business caters to the mid and hi-end housing segments. It also operates in the hospitality and entertainment, which includes dome theatres, retail and malls, etc.</p><div style="text-align: justify;"><br></div> |
| 06-Mar-2024 | Ajmera Realty & Infra India informs about press release | <p style="text-align: justify;">Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, Ajmera Realty & Infra India has informed that it enclosed a Press Release titled as ‘Ajmera Realty inks INR 500 Cr of structured deal for Ajmera Manhattan, partly prepays GCP loan'. The copy of Press Release shall be uploaded on the Company's website: www.ajmera.com.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 07-Feb-2024 | Ajmera Realty & Infra India informs about press release | <div>Ajmera Realty & Infra India has informed that it enclosed copies of the newspaper publications for the Unaudited Financial Results of the Company for the Quarter and Nine Months ended December 31, 2023 published today in Business Standard and Mumbai Lakshadeep.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 30-Jan-2024 | Ajmera Realty & Infra India informs about analyst meet | <div>Ajmera Realty & Infra India has informed that the Earnings Call for discussion of Unaudited Financial Results (Standalone and Consolidated) of the company for the Quarter and Nine months ended December 31, 2023, is scheduled to be held on Tuesday, February 6, 2024, at 5:30 pm IST.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
