Emami Realty Reports Rs 5,078.65 Crore Loss in Q1, Approves Delisting from Calcutta Stock Exchange
Emami Realty Limited reported a standalone net loss of Rs 5,078.65 crore for Q1 FY24, significantly higher than the Rs 1,399.72 crore loss in Q1 FY23. Total revenue declined to Rs 1,415.69 crore from Rs 1,741.99 crore year-on-year. The company recorded an impairment loss of Rs 85 crore on loans. Despite financial challenges, the company reported ongoing project expenses and positive inventory changes. The board approved voluntary delisting from Calcutta Stock Exchange and appointed new cost auditors.
21Feb 25
Emami Realty to Explore Equity Issuance in Upcoming Board Meeting
Emami Realty Ltd has scheduled a board meeting for February 26, 2025, to discuss potential issuance of equity shares or convertible securities. The meeting will consider various options including preferential allotment. The trading window for company securities will be closed from February 21, 2025, until 48 hours after the board meeting concludes. This move could lead to capital infusion and potential changes in ownership structure, subject to regulatory approvals.