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 Honble 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 countrys one of the most promising mid cap companies.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.