The 5-year analysis of Landmark Property Development Company Ltd's performance infers:
We analysed the performance of Landmark Property Development Company Ltd share prices over the last 10 years. Here is what we found out:
Landmark Property Development Company (LPDCL) was incorporated as Konark Minerals Limited ( KML) on December 28, 1976, as public limited company with the Registrar of Companies, Orissa under the provisions of the Companies Act, 1956 and obtained Certificate for Commencement of Business on January 19, 1977.
KML was a wholly owned subsidiary of OCL and as a result of the reorganization by way of demerger through the Scheme of Arrangement vide High Court Order
KML was a wholly owned subsidiary of OCL and as a result of the reorganization by way of demerger through the Scheme of Arrangement vide High Court Order dated 27.11.2007, the real estate ndertaking of OCL together with all its assets and liabilities stands transferred to and vested in LPDCL. The Scheme has become effective on December 20, 2007, the appointed being January 01, 2007 .The promoters of OCL India Limited continue to be the promoters of the company.
The main business of Landmark Property is to pursue real estate activities. With the demerger the company intends to carry on real estate business to cover all aspects of real estate development, from the identification and acquisition of land, to the planning, execution and marketing of its projects (including architecture, design management and interior design), through to the maintenance and management of its completed developments], as well as providing consultancy services on engineering, industrial and technical matters to all forms of industries including companies engaged in construction-development of real estate and infrastructure projects. In the commercial business area, the company's intention is to build, lease and sell commercial office space, with a focus on properties attractive to large multinational tenants. The company's intention with regard to its retail business area is to develop, manage and lease or sell shopping malls. In the residential area, the company aims to build and lease or sell a wide range of properties including houses, duplexes and apartments of varying sizes, with a focus on the higher end of the market.
The company was until recently engaged in the business of mining but the scale of operation was small. Post demerger the company would pursue full fledged real estate activities.