About Coral India Finance and Housing Limited

Coral India Finance and Housing Limited is a public limited company incorporated on January 4, 1995. It was set up to provide financial services and to carry on business as builders, developers and contractors for all types of construction, including land and property development, along with investing in listed/unlisted securities, mutual funds/liquid funds, bill discounting and lending. The Company became a public listed entity in 1996; after voluntary delisting from certain regional exchanges, it currently remains listed on BSE and NSE (scrip code 531556; symbol CORALFINAC). In 2018, it sub-divided its equity shares from a face value of Rs 10 to Rs 2, and in 2021 it completed a buyback of 95.77 Lakh fully paid-up equity shares, resulting in a paid-up share capital of Rs 806.04 Lakh (40,302,225 equity shares of Rs 2 each) as on date. The registered office is at Dalamal House, Nariman Point, Mumbai – 400 021.

Coral India Finance and Housing Limited Business Segments 

The Company operates in two areas: (1) construction, development and maintenance of properties and related services, and (2) investments. Its investment activities include holdings in listed equity shares, mutual funds and liquid funds, with short- and long-term lending undertaken within thresholds that do not require NBFC registration. Rental income from leased properties is also part of its operations.

Geographically, operations are domestic. The Company reported no export activity and no foreign exchange earnings or outgo during the year.

Key milestones of Coral India Finance and Housing Limited

 Incorporated on January 4, 1995; listed in 1996; currently listed on BSE and NSE (531556/CORALFINAC).

 Equity share sub-division (2018) and buyback (2021), with paid-up share capital now at Rs 806.04 Lakh (40,302,225 shares of Rs 2 each).

Coral India Finance and Housing Limited Key Management

• Navin Doshi – Chairman & Managing Director
• Kishor Mehta – Whole-time Director & Chief Financial Officer
• Riya Shah – Company Secretary & Compliance Officer
• Meeta Sheth – Non-Executive Director
• Sheela Kamdar – Independent Director
• Niraj Mehta – Independent Director
• Vinay Mehta – Independent Director (w.e.f. August 02, 2024)
• Neha Mehta – Additional Non-Executive Independent Director (w.e.f. September 03, 2025, subject to members’ approval)

Latest Updates on Coral India Finance and Housing Limited

• Board and governance changes: Mr. Sharad Mehta ceased as Independent Director on September 26, 2024; Mr. Vinay Mehta was appointed as an Independent Director w.e.f. August 02, 2024; Ms. Neha Mehta was appointed as an Additional Non-Executive Independent Director w.e.f. September 03, 2025, subject to approval.
• Segmental commentary: Rental income remained stable with full occupancy and lease escalations; investment activities grew, with investment income rising by 7.12% year-on-year.
• Liquidity and balance sheet: The Company remained debt-free and reported liquid assets of Rs 12,459.37 Lakh as at March 31, 2025 (including bank deposits, cash & cash equivalents and current investments).
• Asset base: The fair value of investment property was Rs 9,516.00 Lakh as on March 31, 2025. Capital work-in-progress was disclosed, reflecting ongoing projects.
• Compliance and certifications: The Company voluntarily published a Secretarial Compliance Report and obtained a certificate of non-disqualification of directors. The Board approved re-appointment of the Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) and appointed M/s Mansi Nishith Shah & Associates as Internal Auditors for FY 2024-25.
• Regulatory and legal: No significant material orders by regulators or courts impacted the going concern status; no applications were made under the Insolvency and Bankruptcy Code during the year.
• Markets and listing: Equity shares continue to be listed on BSE and NSE; no outstanding GDRs/ADRs/Warrants/Convertible Instruments.