AR24 notes
FY24 AR:
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98% of Tower 03 (vs 82% in FY23) and 98% of Tower 04 (vs 97% in FY23) are occupied
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Expansion plans
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FY24 CWIP includes 79.04 cr. for 2+ years is towards construction of Tower 2 in IT Park division which is under statutory approval stage from the MCGM.
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Bombay Exhibition Center – plans to construct new halls and is obtaining government approvals
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Renters : HSBC, KPMG, PWC, MSCI, BlackRock, Here Solutions, Framestore, Priceline, WeWork, Apollo Finance, Ericsson, etc.
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Had 100+ guest exhibitions (vs 83 in FY23) with 6 exhibitions coming back that were absent in previous years
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Events: 25 events were held (vs 10 in FY23) (10 by Nesco + 19 in alliance with clients)
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Indabrator division commissioned high value 28 CFT Tumble Shot Blasting Machine at NALCO in Orissa, and commissioned other machines for Railways, Defence, Spare, Research, etc. Have been taking small orders for designing and supplying of complete painting or powder coating or phosphating in last 2 years, and looking to expand further in FY25, focusing on new casted products and customized heavy fabrication opportunities.
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Company’s liquid resources increased from 1178.79 cr. to 1502.91 cr.
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CSR spends : 5.04 cr. (vs 4.41 cr. in FY23)
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Auditor remuneration : 40.35 lakhs (vs 35.34 lakhs in FY23)
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Employees : 220 (vs 261 in FY23), managerial remuneration increased by 137.83% (vs 61.02% increase in FY23), for other employees remuneration increased by 11.79% (vs 9.5% in FY23)
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# shareholders : 47’784 (vs 37’631 in FY23), price (low): 520.3, price (high): 934
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Property tax (contingent liabilities) : 14.11 cr.
A number summary below.
Disclosure: Invested (sold shares in last-30 days)
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