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Neo Infracon Limited was incorporated on 09 June 1981. The Company operates in only one segment for real estate construction and development activities. During the year 2016 the Company made considerable investment in equity shares of NewTech Infrastructure Private Limited and Nocil Infrastructure Limited and has made them its Wholly Owned Subsidiary (WOS).During the year 2016 the company provided Short Term Loan to its newly made Wholly Owned Subsidiary of Rs. 29756844 as investment is made to Wholly Owned Subsidiary hence section 186(3) is not applicable to such loan and advances.During the year 2017 the company provided Short Term Loan to its Wholly Owned Subsidiary of Rs. 25079836 as investment is made to Wholly Owned Subsidiary hence section 186(3) is not applicable to such loan and advances. During the year 2018; the company has provided Short Term Loan to its Wholly Owned Subsidiary of Rs.38610361 as investment is made to Wholly Owned Subsidiary hence section 186(3) is not applicable to such loan and advances. |
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