Shristi InfraDev Cor
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Shristi Infrastructure Development Corporation's board approved a scheme of arrangement on 6 October 2026 to demerge its Krishnagar Sentrum business into wholly owned Shristi Realty Holdings on a going-concern basis. The undertaking comprised a mixed-use project at Krishnanagar in Nadia district with residential, retail, entertainment, hospitality and lifestyle components and reported turnover of Rs 12.82 crore in FY26, about 18.37% of standalone turnover. The scheme provided for two Rs 10 shares of the resulting company for every nine Rs 10 shares held, with no cash consideration, and sought separate listing of the resulting shares on the BSE and the Calcutta Stock Exchange subject to exchange, shareholder, creditor and tribunal approvals. The company developed integrated townships and mixed-use projects across 12 cities since 1999, including Shristinagar at Asansol and Guwahati and The V at New Town Kolkata. It reported total income of about Rs 71 crore in FY26 and carried negative net worth at the end of March.
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Shristi Infrastructure Development Corporation's board approved a scheme of arrangement on 6 October 2026 to demerge its Krishnagar Sentrum business into wholly owned Shristi Realty Holdings on a going-concern basis. The undertaking comprised a mixed-use project at Krishnanagar in Nadia district with residential, retail, entertainment, hospitality and lifestyle components and reported turnover of Rs 12.82 crore in FY26, about 18.37% of standalone turnover. The scheme provided for two Rs 10 shares of the resulting company for every nine Rs 10 shares held, with no cash consideration, and sought separate listing of the resulting shares on the BSE and the Calcutta Stock Exchange subject to exchange, shareholder, creditor and tribunal approvals. The company developed integrated townships and mixed-use projects across 12 cities since 1999, including Shristinagar at Asansol and Guwahati and The V at New Town Kolkata. It reported total income of about Rs 71 crore in FY26 and carried negative net worth at the end of March.
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May 5 (Reuters) - Shristi Infrastructure Development Corporation Ltd SIDC.BO:
SHRISTI INFRASTRUCTURE DEVELOPMENT CORPORATION - CHALLENGES ARBITRAL AWARD OF 65.7 MILLION RUPEES
Source text: ID:nBSE3VtMbG
Further company coverage: SIDC.BO
(([email protected];;))
May 5 (Reuters) - Shristi Infrastructure Development Corporation Ltd SIDC.BO:
SHRISTI INFRASTRUCTURE DEVELOPMENT CORPORATION - CHALLENGES ARBITRAL AWARD OF 65.7 MILLION RUPEES
Source text: ID:nBSE3VtMbG
Further company coverage: SIDC.BO
(([email protected];;))
July 16 (Reuters) - Shristi Infrastructure Development Corporation Ltd SIDC.BO:
SHRISTI INFRASTRUCTURE DEVELOPMENT CORP- NEERAJ SUREKA RESIGNS AS CFO
Source text for Eikon: ID:nBSE34wDNy
Further company coverage: SIDC.BO
(([email protected];))
July 16 (Reuters) - Shristi Infrastructure Development Corporation Ltd SIDC.BO:
SHRISTI INFRASTRUCTURE DEVELOPMENT CORP- NEERAJ SUREKA RESIGNS AS CFO
Source text for Eikon: ID:nBSE34wDNy
Further company coverage: SIDC.BO
(([email protected];))
Nov 9 (Reuters) - Shristi Infrastructure Development Corporation Ltd SIDC.BO:
RAVIKANT BAHETI RESIGNS AS CFO
NEERAJ SUREKA NAMED CFO
Source text for Eikon: ID:nBSE3sB2bf
Further company coverage: SIDC.BO
(([email protected];))
Nov 9 (Reuters) - Shristi Infrastructure Development Corporation Ltd SIDC.BO:
RAVIKANT BAHETI RESIGNS AS CFO
NEERAJ SUREKA NAMED CFO
Source text for Eikon: ID:nBSE3sB2bf
Further company coverage: SIDC.BO
(([email protected];))
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What does Shristi InfraDev Cor do?
Shristi Infrastructure Development Corporation Ltd. is a pan-Indian company involved in Infrastructure Construction, Development, Hospitality, and Healthcare. Known for its visionary role in social infrastructure development, Shristi executed the concept of a green integrated township.
Who are the competitors of Shristi InfraDev Cor?
Shristi InfraDev Cor major competitors are Radhe Developers (I), HDIL, Nukleus Office Solut, Sanmit Infra, Garnet Construction, Victoria Mills, Ansal Buildwell. Market Cap of Shristi InfraDev Cor is ₹72 Crs. While the median market cap of its peers are ₹74 Crs.
Is Shristi InfraDev Cor financially stable compared to its competitors?
Shristi InfraDev Cor seems to be less financially stable compared to its competitors. Altman Z score of Shristi InfraDev Cor is -0.92 and is ranked 7 out of its 8 competitors.
Does Shristi InfraDev Cor pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Shristi InfraDev Cor latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Shristi InfraDev Cor allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Shristi InfraDev Cor balance sheet?
Shristi InfraDev Cor balance sheet is weak and might have solvency issues
Is the profitablity of Shristi InfraDev Cor improving?
The profit is oscillating. The profit of Shristi InfraDev Cor is -₹27.83 Crs for TTM, -₹15.22 Crs for Mar 2025 and -₹39.97 Crs for Mar 2024.
Is the debt of Shristi InfraDev Cor increasing or decreasing?
The net debt of Shristi InfraDev Cor is decreasing. Latest net debt of Shristi InfraDev Cor is ₹365 Crs as of Mar-26. This is less than Mar-25 when it was ₹379 Crs.
Is Shristi InfraDev Cor stock expensive?
There is insufficient historical data to gauge this. Latest PE of Shristi InfraDev Cor is 0
Has the share price of Shristi InfraDev Cor grown faster than its competition?
Shristi InfraDev Cor has given lower returns compared to its competitors. Shristi InfraDev Cor has grown at ~-22.79% over the last 1yrs while peers have grown at a median rate of -12.2%
Is the promoter bullish about Shristi InfraDev Cor?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Shristi InfraDev Cor is 74.93% and last quarter promoter holding is 74.93%.
Are mutual funds buying/selling Shristi InfraDev Cor?
There is Insufficient data to gauge this.