Meanwhile, the BSE Sensex was up 39.88 points, or 0.22%, to 17,980.43.

On BSE, 6.57 lakh shares were traded in the counter as against an average daily volume of 87,201 shares in the past one quarter.

The stock was currently at its 52-week low levels. The stock hit a high of Rs 18 in early trade. The stock had hit a 52-week high of Rs 50 on 29 September 2010.

The stock had outperformed the market over the past one month until 3 August 2011, gaining 1.06% compared with the Sensex's 4.38% fall. However, the scrip had underperformed the market in past one quarter, sliding 13.61% as against 3.21% decline in the Sensex.

The small-cap construction company has an equity capital of Rs 20.54 crore. Face value per share is Re 1.

According to reports, B L Kashyap and Sons has been charged with carrying out the country's biggest provident fund (PF) evasion. The Employees' Provident Fund Organisation (EPFO) has reportedly warned that if the company fails to pay up Rs 593 crore in provident fund dues and penalty by 15 August 2011, recovery proceedings will be initiated against it for evasion of workers' PF payments from April 2005 to December 2010.

Reports suggested that the country's retirement fund regulator has also filed a police complaint against top officials of the company for forging employee muster rolls and submitting fake records, after a forensic analysis revealed the same thumb impression had been put against the records of several employees.

The provident fund rules stipulate that 12% of the basic salary of all employees earning up to Rs 6,500 a month must be compulsorily deposited in their PF accounts. The employer makes a matching contribution.

B L Kashyap and Sons' net profit fell 1.7% to Rs 13.92 crore on 62.8% increase in net sales to Rs 474.14 crore in Q4 March 2011 over Q4 March 2010.

B L Kashyap is a construction and infrastructure development company with a pan-India presence. Its service portfolio extends across the construction of factories and manufacturing facilities, IT campuses, commercial & residential complexes, malls and hotels.