Shareholding6 Nov 2026, 04:15 pm
Shraddha Prime Projects: Promoter Releases 20 Lakh Shares from Pledge
AI Summary
Shraddha Prime Projects Ltd announced that Mr. Sudhir Balu Mehta, a promoter, has partially released 2,000,000 equity shares from his previously pledged holdings of 7,000,000 shares with HDFC Bank Limited. This release represents 4.95% of the company's total share capital. The original pledge constituted 17.33% of the total share capital. The shares were released as security for a loan availed by Shraddha Housing Projects LLP.
Key Highlights
- Promoter Sudhir Balu Mehta partially released 20 lakh pledged shares.
- Release amounts to 4.95% of total share capital.
- Original pledge was 70 lakh shares (17.33% of capital).
- Shares were pledged with HDFC Bank.
- Release is for a loan taken by Shraddha Housing Projects LLP.
Price Impact
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