Meghna Infracon Infrastructure Ltd Share Price – BSE

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Meghna Infracon Infrastructure has launched a residential project named 'Rivaan' located at Goregaon (West), Mumbai.

Commenting on this development, Vikram Jayantilal Lodha - Managing Director said, We are happy to announce launch of “Rivaan” unveiling affluent Resident in Goregaon (west), Mumbai for development of approx 1 lac Sq.Ft Carpet Area. The launch of “RIVAAN” marks a significant milestone in our journey towards becoming the preferred luxurious real estate developers in Mumbai. The construction work at the site has been commenced and shall be executed as per the scheduled timelines.”

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Meghna Infracon Infrastructure (formerly known as Naysaa Securities) announced the successful secure of OC of Ashraya Heights, First residential project located at Opposite Goregaon Gymkhana, Goregaon (East). The Project was delivered 15 months ahead of RERA timelines to its investors and stakeholders.

Commenting on it Vikram Lodha said, today we are happy to deliver its first project at Goregaon East Mumbai to its tenants & stakeholders. This gives me immense pleasure to deliver project way ahead of its schedule. The said project generates Revenue of 5567.66 Lakhs, With this company is poised to bid for many more projects in coming quarters.

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Naysaa Securities announced that the Board of Directors of the Company at its meeting held on 28 May 2024, inter alia, have recommended the final dividend of Rs 0.1 per equity Share (i.e. 1%) , subject to the approval of the shareholders.

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Net profit of Naysaa Securities reported to Rs 0.55 crore in the quarter ended March 2024 as against net loss of Rs 2.35 crore during the previous quarter ended March 2023. Sales rose 267.83% to Rs 9.49 crore in the quarter ended March 2024 as against Rs 2.58 crore during the previous quarter ended March 2023.

For the full year,net profit reported to Rs 3.17 crore in the year ended March 2024 as against net loss of Rs 1.97 crore during the previous year ended March 2023. Sales rose 308.59% to Rs 52.79 crore in the year ended March 2024 as against Rs 12.92 crore during the previous year ended March 2023.

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