The company made this announcement during market hours today, 10 March 2010.

Meanwhile, the BSE Sensex was up 85.27 points, or 0.48% to 17,135.24.

On BSE, 23.72 lakh shares were traded in the counter as against an average daily volume of 4.53 lakh shares in the past one quarter.

The stock hit a high of Rs 15.70 and hit a low of Rs 14.35 so far during the day. The stock had hit a 52 week high of Rs 28 on 8 June 2009 and a 52 week low of Rs 7.61 on 9 March 2009.

The small-cap stock had underperformed the market over the past one month till 9 March 2010, falling 9.69% as compared to the Sensex's 6.30% rise. It had also underperformed the market in the past one quarter, declining 19.55% as compared to the Sensex's decline of 0.42%.

The current price of Rs 15.01 discounts the company's Q3 December 2009 consolidated annualized EPS of Rs 0.06, by a PE multiple of 250.16.

BSEL Infrastructure Realty said the board will consider and appoint advisors for demerger of hospitality and international projects segments into separate companies.

The board of directors will also discuss commencing infrastructure activity in the United Arab Emirates (UAE), it said.

On a consolidated basis, BSEL Infrastructure Realty's net profit declined 96.8% to Rs 0.42 crore on 91.1% decline in sales to Rs 2.45 crore in Q3 December 2009 over Q3 December 2008.

The company had announced on 25 February 2010 that it became a debt free company.

BSEL Infrastructure Realty is into real estate, property and infrastructure development.