Sharanam Infraproject and Trading incorporates Wholly Owned Subsidiary in the UAE

To invest approximately AED 15.5 -18.0 million (equivalent to Rs. 35–40 crore) over next 6–9 months, including working capital, deal facilitation costs

Ahmedabad, June 19, 2025: Board of directors of Sharanam Infraproject and Trading Ltd (BSE – 539584), engaged in the business of real estate has approved the incorporation of a wholly owned subsidiary in the United Arab Emirates (UAE). c The company proposes to invest approximately AED 15.5 million to AED 18 million (equivalent to INR 35–40 crores) over the next 6–9 months, including working capital and deal facilitation costs.

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 aims 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.

Company management said, “The investment will be structured in compliance with FEMA and RBI guidelines for overseas direct investment (ODI), wherever applicable. The expansion marks a pivotal step in company’s broader strategy of entering global markets in a risk managed manner and creating incremental value for shareholders. The Company will continue to comply with all applicable regulatory disclosures and provide updates on key developments, incorporation status, and project milestones in due course.”

For the year ended FY2024-25, company reported net profit of Rs. 5.08 crore, multifold growth as compared to net profit of Rs. 3 lakh in the corresponding period last year. Revenue for the year also rise to Rs. 37.4 crore for FY25 as compared to revenue of Rs. 1.76 crore in FY24.

In February 2025, company has raised Rs. 48 crore through rights issue to fund its expansion plans including working capital requirements.

Incorporated in February 1992, Sharanam Infraproject And Trading Limited is involved in the retail business of supplying building materials. The company provides services, including real estate transactions, specifically the buying and selling of land and buildings. It also involves in the activities such as owning, renting, subletting, maintaining, transferring, exchanging, mortgaging, and collecting rent on properties. Additionally, it engages in the business of construction, reconstruction, extension, alteration, and demolition of buildings, as well as the repair, overhaul, and maintenance of properties and related materials.

Sharanam is also engaged in the supply chain distribution of various Steel Products including building materials such as seamless or welded steel pipes,blooms, and slabs, welded pipe, electric resistance welding (ERW), high-frequency induction welding (HFI), longitudinal submerged arc welding (LSAW), seamless pipe, oil and gas industry usage, real Estate and infrastructural projects in Gujarat & nearby states.

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