KCL INFRA PROJECTS LIMITE Share price

The company was incorporated as a Private Limited Company on 21.07.1995 and was later converted into Public Limited Company on 26th Sept. 1995 under the Companies Act 1956 in terms of Special Resolution passed in the Extra Ordinary General Meeting on 8th September 1995.The core promoters of the Company are Shri Mahesh Kumar Gupta Smt. Satyawati Gupta and Smt. Heeru Gupta. Shri Mahesh Kumar Gupta is an Engineer (Mechanical). He is looking after the construction business of the company.PAST FINANCIAL HIGHLIGHTS:Since the Company has started its operation recently no profit and loss account has been prepared.PRESENT ACTIVITIES OF THE COMPANYThe Company is engaged in Construction of Residential apartments to cater to the needs of middle and lower Income groups at Jaipur. The company started the operation after incorporation in the Year 1995 and since then the company has taken up a residential project at Malviya Nagar Jaipur. The Project has been completed to the extent of approx 15%. An Agreement to Sell has been signed for acquiring the land measuring 350.18 sq. yards at a cost of Rs. 17.50 lacs which is in the name of one of the promoters of the company. Necessary approvals from the local authority have been obtained and construction activities were started there after. The land is yet to be registered in the name of the company.However at present the construction activities have been stopped temporarily as the company has received stay order from lower court regarding obstructing the facility of light and air to the neighbours since a suit has been filed against the construction activities. The Company has filed an appeal against the stay order and the court''s decision is still pending.The company is hopeful of getting a favourable decision in this matter from the court soon and the construction activities shall be resumed thereafter.The company has also entered into an agreement to sell for purchase of land at Tilak Nagar a very prime location in Jaipur from their promoters viz. Mahesh Kumar Gupta Smt. Heeru Gupta Smt. Satyavati Gupta and Karta of Mahesh Kumar Gupta HUF measuring 978 Sq. yards costing Rs. 43.75 lacs at the prevailing market price. The land is yet to be registered in the name of the company. No construction activities have been undertaken so far at this site.The Company is planning to tap the Bank Officials State/Central Government Officials Self Employed Persons Middle Class Business Entrepreneurs Professors Consultants And Professionals for purchases of flats.