Promoter Sudhir Balu Mehta Pledges 17.33% Shares in Shraddha Prime Projects Ltd for Loan Availed by Shraddha Housing Projects LLP

Shraddha Prime Projects Ltd, in compliance with the SEBI LODR Regulation, has informed that Mr. Sudhir Balu Mehta, a promoter, has pledged 70,00,000 equity shares in the company in favor of HDFC Bank Limited. The shares constitute 17.33% of the total share capital of the company. The pledge is for securing a loan availed by Shraddha Housing Projects Limited, in which Mr. Mehta is a designated partner. The disclosure and relevant documents have been uploaded on the company's website.