Arihant Superstructures announced the resignation of Tasneem Marfatia, as Company Secretary of the Company with effect from 10 July 2024. Powered by Capital Market - Live News

Arihant Superstructures announced the resignation of Raj Narain Bhardwaj (DIN: 01571764) as an Independent Director of the company with effect from 05 July 2024. Powered by Capital Market - Live News

The Board of Arihant Superstructures at its meeting held on 15 May 2024 has approved the following :- considered and discussed the terms of proposed term loan facility with SBI for Arihant World Villas for construction finance to be availed by the company upto Rs. 350 crore. - considered and discussed the terms of raising funds through issuance of securities upto Rs. 1200 crore, subject to the approval of members. - considered and discussed the increase in borrowing limit under section 180 (1) (a) and (c) Rs. 2000 crore, subject to the approval of members. - considered and approved the proposal to avail Loan from Bajaj/ STCI Bank in relation to business Development and working capital needs of the company. Powered by Capital Market - Live News

Arihant Superstructures announced that the Board of Directors of the Company at its meeting held on 15 May 2024, inter alia, have recommended the final dividend of Rs 1.2 per equity Share (i.e. 12%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Arihant Superstructures rose 7666.67% to Rs 16.31 crore in the quarter ended March 2024 as against Rs 0.21 crore during the previous quarter ended March 2023. Sales rose 137.57% to Rs 155.35 crore in the quarter ended March 2024 as against Rs 65.39 crore during the previous quarter ended March 2023.For the full year,net profit rose 49.10% to Rs 63.62 crore in the year ended March 2024 as against Rs 42.67 crore during the previous year ended March 2023. Sales rose 29.53% to Rs 504.44 crore in the year ended March 2024 as against Rs 389.44 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales155.3565.39 138 504.44389.44 30 OPM %19.1615.20 -21.3219.83 - PBDT24.112.07 1065 82.7854.19 53 PBT23.571.55 1421 80.5952.23 54 NP16.310.21 7667 63.6242.67 49 Powered by Capital Market - Live News