Jai Corporation

Even under bad market conditions today JC didnt lost anything
looks like good days are back....

hurray!!!

well hope things wud be better soon ..to be very honest i didnt buy jai corp in last october as a long term investment ..now i bought n averaged with the correction..n guess it will cover my losses from 21000 to 16000 landslide..hope drives the world they say...cheers

jnj,

What would be the percentage of Dividend?
What will be the realistic target for JAI CORP by December 2008
waiting for your reply,

I feel the dividend will be very nominal if any. My bullish target for jaicorp till Dec 2008 is around 1500.

Taken from BSE -

Jai Corp Ltd has announced the following results for the quarter & year ended March 31, 2008:

The Unaudited results for the Quarter ended March 31, 2008

The Company has posted a net profit after tax of Rs 388.10 million for the quarter ended March 31, 2008 as compared to Rs 209.60 million for the quarter ended March 31, 2007. Total Income has increased from Rs 807.30 million for the quarter ended March 31, 2007 to Rs 1475.70 million for the quarter ended March 31, 2008.

The Audited results for the Year ended March 31, 2008

The Company has posted a net profit after tax of Rs 1281.50 million for the year ended March 31, 2008 as compared to Rs 718.40 million for the year ended March 31, 2007. Total Income has increased from Rs 3426.00 million for the year ended March 31, 2007 to Rs 4380.10 million for the year ended March 31, 2008.

The Consolidated results are as follows:

The Audited consolidated results for the Year ended March 31, 2008

The Group has posted a profit after tax (including Associates) of Rs 1411.00 million for the year ended March 31, 2008 as compared to Rs 737.20 million for the year ended March 31, 2007. Total Income has increased from Rs 3457.00 million for the year ended March 31, 2007 to Rs 4657.50 million for the year ended March 31, 2008.

Jai Corp Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 10, 2008, inter alia, has recommended the following:

1. A dividend of 1% on 1,50,00,000 preference shares of face value of Re 1/- each on a pro-rata basis from November 26, 2007, the date of allotment till March 31, 2008, for the financial year 2007-08.

2. A dividend of 100% on 4,90,16,610 equity shares of face value of Re 1/- each. The promoters have irrevocably waived their entitlement to dividend on 12,94,77,400 equity shares held by them for the financial year 2007-08.

Jai Corp Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 10, 2008, inter alia, has recommended the appointment of Shri. Anand Jain, who was appointed as Additional Director on September 24, 2007 as a Director of the Company.

The appointment is subject to the approval of the Members at the ensuing Annual General Meeting.



During the year, Urban Infrastructure Venture Capital Ltd., Urban Infrastructure Trustees Ltd., Jai Corp Finance & Holding Ltd., Jai Realty Ventures Ltd., Jai Infraprojects Ltd., Ekdant Realty & Developers Pvt. Ltd., Hari Darshan Realty Pvt. Ltd., Hill Rock Construction Pvt. Ltd., Hind Agri Properties Pvt. Ltd., Iconic Realtors Pvt. Ltd., Krupa Realtors Pvt. Ltd., Rudradev Developers Pvt. Ltd. Vasant Bahar Realty Pvt. Ltd., Yug Developers Pvt. Ltd., Rainbow Infraprojects Pvt, Ltd., Novelty Realty & Developers Pvt. Ltd., Ashoka Realty & Developers Pvt. Ltd., Dev Realty & Developers Pvt. Ltd., Rejoice Land Developers Pvt. Ltd., Swastik Land Developers Pvt. Ltd., Samrat Realty & Developers Pvt. Ltd., Swar Land Developers Pvt. Ltd., Jai Laxmi Realty & Developers Pvt. Ltd., Awas Realtors Pvt. Ltd., Krupa Land Pvt. Ltd., Urban Gas Ltd., Urban Gas Distribution Ltd., Urban Gas Suppliers Ltd., have become subsidiaries of the Company.

hi all,

can any one plz tell what bonus / divident we get as discussed on 10th May meeting?, for ex if i have 100 shares what will i get ?

Thanks

Their is no BONUS. You will get Rs. 100 as dividend for 100 shares (Re 1/per share)

The management did beat my estimates by giving a handsome dividend. No complaining though.

It's really handsome or worst ?

Can 100% dividend qualify for worse, 1 Re dividend per share on face value Re 1, did you expect more?