Meghna Infracon Board to consider Bonus issue and Dividend on May 21
Meghna Infracon Infrastructure Limited (BSE: 538668), an emerging name in real estate development across the residential sector in Western Mumbai region, has announced that its board will meet on May 21, 2025 to consider the financial results for quarter and year ended 31 March 2025, consider the proposal of issuance of fully paid bonus equity shares, and to consider and declare dividend for FY25.
Recently, the company announced the Acquisition of A Luxury Residential Project- Launch and Bhoomi Poojan of “Riviera”, unveiling affluent residential project in Goregaon (west),Mumbai development of 30000 Sq.Ft Area with total estimated sale potential pf over Rs.220 Millions .
The company also achieved ISO 9001:2015 AND 14001:2015 Certification, demonstrating Meghna Infracon’s commitment on becoming the preferred luxurious real estate developers in Mumbai.
Earlier, the company entered into a Re-Development Agreement for residential project at premium location of Medel Town, Lokhandwala, Andheri (West), Mumbai admeasuring approximately 35000 square feet, after transferring possession to the original tenant, the said project is expected to generate revenue of Rs. 400 Millions.
In the previous year, the company announced Acquisition of Luxury Residential Project- launch of “Rivaan” unveiling affluent Resident in Goregaon (west),Mumbai development of 95 Thousand Sq.Ft Area and Achieved significant sales milestone – ‘Rivaan’ Project located in Goregaon West, reaches ~25% Sales within 6 months of Launch. The company achieves 25% inventory sell-out across its completed projects resonating strong brand presence of MIIL in Mumbai City.
Meghna Infracon Infrastructure Limited (BSE: 538668), an emerging name in real estate development across the residential sector in Western Mumbai region. The company has a residential-projects located in the premium location of Goregaon and Andheri where they have established their presence. We are primed for ongoing success and expansion within the real estate sector,
Headquartered in Mumbai having business of Real Estate Developer, MIIL Group has delivered multiple Residential projects in Mumbai and is recognized for its superior quality construction and timely project delivery. The Company has extensive experience in construction management and has inherent skills and resources to develop and deliver Real estate projects.