Intimation of work completion certificate of Medi-caps Business Park at Pithampur Dist -Dhar (M.P.)
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Medi Caps Limited has received the work completion certificate from Nagar Palika Parishad, Pithampur (Dist. Dhar, Madhya Pradesh) for its real estate project 'Medi-Caps Business Park' located at Khasra No. 372, Pithampur. The company has informed BSE about this milestone pursuant to SEBI LODR Regulation 30. The project was originally announced earlier and has now reached completion, with the official municipal clearance in hand. No financial details such as project cost, revenue expectations, or booking status were disclosed in the filing.
Completion of the Business Park project moves the asset into a revenue-generating or saleable phase, which could positively impact future cash flows. However, the actual financial effect on shareholders depends on occupancy, leasing, or sale of units, which has not been disclosed here, so near-term stock price impact may be limited.