Sharanam Infraproject touches roof on getting nod to incorporate wholly owned subsidiary in UAE
Sharanam Infraproject and Trading is currently trading at upper limit of Rs. 0.43, up by 0.02 points or 4.88% from its previous closing of Rs. 0.41 on the BSE.
The scrip opened at Rs. 0.40 and has touched a high and low of Rs. 0.43 and Rs. 0.40 respectively. So far 31941674 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 1.12 on 06-Jan-2025 and a 52 week low of Rs. 0.40 on 20-Jun-2025.
Last one week high and low of the scrip stood at Rs. 0.50 and Rs. 0.40 respectively. The current market cap of the company is Rs. 25.54 crore.
The Institutions and Non-Institutions held 1.52% and 98.48% stake in the company respectively.
Sharanam Infraproject and Trading (SIPTL) has received Board of Directors’ approvel for the incorporation of a Wholly Owned Subsidiary (WOS) in the United Arab Emirates (UAE). This proposed subsidiary will serve as the company’s strategic international arm and will be incorporated under the applicable legal framework in Dubai, UAE.
The subsidiary will focus on participating in the real estate sector in the UAE, with a specific emphasis on land arbitrage transactions. The model is designed to acquire strategically located land parcels and subsequently resell them to larger developers or institutional buyers at modest margins. The company aims to operate through a low-risk, asset-light structure, ensuring: Minimal exposure on the parent company’s balance sheet; Quick capital rotation; and Sustainable and scalable cash flows.
To initiate this venture, the company proposes to invest around AED 15.5 million to AED 18 million (equivalent to Rs 35-40 crore) over the next 6-9 months, including working capital and deal facilitation costs. This investment will be structured in compliance with FEMA and RBI guidelines for overseas direct investment (ODI), wherever applicable. This expansion marks a pivotal step in SIPTL’s broader strategy of entering global markets in a riskmanaged manner and creating incremental value for shareholders.
Sharanam Infraproject and Trading is engaged in real estate business, including the purchase, sale, lease, rental, development, construction, maintenance, and management of land and buildings; handle transactions such as buying, selling, letting, sub-letting, mortgaging, and transferring property; and collect rents and manage all related activities.
