- Business
- Coral India Finance and Housing Limited Coral India Finance and Housing Limited is an India-based housing development company engaged primarily in the construction, development, and maintenance of properties along with investment and lending activities. The company operates through two main segments: Construction, which encompasses the development of commercial complexes and residential projects such as Coral Square Bungalow, Coral Twin Bungalow, and Coral Heights, with a focus on design, landscaping, engineering, and structural aspects; and Investments, including bill discounting, raising and placement of funds, placement of securities, advising on investments, financial consulting, project counseling, advisory services, investments in listed and unlisted securities, mutual funds, liquid funds, and lending activities. Incorporated on January 4, 1995, and headquartered at Dalamal House, 4th Floor, Jamnalal Bajaj Marg, Nariman Point, Mumbai, India, it conducts its operations primarily within India, with projects developed in regions including Thane and Nashik, and maintains a public listing on the BSE and NSE stock exchanges. Recent developments include the re-appointment of Mr. Niraj Mehta as Independent Director for a second five-year term effective July 17, 2025, following board approval on June 23, 2025 and shareholder confirmation at the EGM on July 16, 2025; the appointment of Neha Mehta as Independent Director for five years starting September 3, 2025; and the recommendation of a 20% final dividend on May 28, 2025 with a record date of September 12, 2025.