- Business
- Coral India Finance and Housing Limited (CORALFINAC.BO) is an India-based company engaged in real estate development and financial services. The company operates through two primary segments: construction, which encompasses the development, maintenance, and related services for commercial complexes and residential projects including Coral Square Bungalow, Coral Twin Bungalow, and Coral Heights; and investments, which includes lending activities, bill discounting, investments in listed and unlisted securities, mutual funds, liquid funds, raising and placement of funds, placement of securities, financial consulting, project counseling, and advisory services. It serves customers in the real estate and investment sectors primarily within India, with projects featuring specialized design, landscaping, engineering, and structural elements.
Incorporated on January 4, 1995, and headquartered at Dalamal House, 4th Floor, Jamnalal Bajaj Marg, Nariman Point, Mumbai, India, the company maintains a lean operation with six full-time employees and lists its shares on the BSE and NSE stock exchanges.
In recent developments, the company re-appointed Mr. Niraj Mehta as an Independent Director for a second five-year term effective July 17, 2025, following board approval on June 23, 2025; approved unaudited standalone financial results for quarters ended September 30, 2025, December 31, 2024, and nine months ended December 31, 2024; declared a final dividend of INR 0.40 per share in May 2025 with an ex-dividend date of September 12, 2025; and scheduled board meetings, including one on November 14, 2025, alongside its 30th Annual General Meeting and an Extra Ordinary General Meeting in 2025.