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Bhagyanagar Properties Ltd.

BSE: 540621 Sector: Infrastructure
NSE: BHAGYAPROP ISIN Code: INE363W01018
BSE 00:00 | 02 Dec 41.65 0.15
(0.36%)
OPEN

41.50

HIGH

41.65

LOW

41.50

NSE 00:00 | 02 Dec 41.60 0
(0.00%)
OPEN

41.40

HIGH

41.70

LOW

41.40

OPEN 41.50
PREVIOUS CLOSE 41.50
VOLUME 1053
52-Week high 46.35
52-Week low 26.50
P/E 46.80
Mkt Cap.(Rs cr) 133
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 41.50
CLOSE 41.50
VOLUME 1053
52-Week high 46.35
52-Week low 26.50
P/E 46.80
Mkt Cap.(Rs cr) 133
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Bhagyanagar Properties Ltd. (BHAGYAPROP) - Company History

Bhagyanagar Properties Ltd was incorporated on 25th April 2006 as a public limited company under the Companies Act 1956 with the Registrar of Companies Hyderabad. The Company is engaged into the business of real estate development. During the year 2016-17 a Scheme of arrangement was entered by the Company with M/s. Bhagyanagar India Limited which was sanctioned by the Hon'ble High Court of Andhra Pradesh & Telangana on 21 November 2016 and became effective on 23 January 2017. Pursuant to which the Real Estate Undertaking of Bhagyanagar India Limited merged with the Company.During the year 2020-21 the Company acquired 100% of equity shares of M/s. AP Golden Apparels Private Limited on 08 August 2020 and consequent to which M/s. AP Golden Apparels Private Limited became a wholly owned subsidiary of the Company. Further the Company divested the entire equity shares held in M/s. AP Golden Apparels Private Limited a wholly-owned subsidiary Company to Mr. NarenderSurana. Accordingly M/s. AP Golden Apparels Private Limited ceased to be a Subsidiary Company with effect from 16 March 2021. The Company is fortunate to have most of its land situated at prime IT centers of the city where e-commerce companies thrive most of its business for better support and competitive edge. Moreover there is a constant rise in the demands for large ware houses and storage units in the areas where the company is having huge properties to give on rent. The Company has commissioned a pilot project by constructing a warehouse and is presently having tenants like Big Basket & Amazon etc.The Company plans to develop the land situated at the prime IT Centres of the City in view of the rapid growth of e-commerce with customer satisfaction and evolving itself into country's one of the most promising mid cap companies.

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