Shraddha Prime Projects Ltd

Shraddha Prime Projects Ltd. has announced significant changes in its management following approval via postal ballot. Mr. Vinay Madhukar Nayak has been appointed as a Non-executive Non-Independent Director. Additionally, Mr. Sudhir Mehta has been re-appointed as the Managing Director for a term of 5 years, and Ms. Shivangi Datta has been re-appointed as a Non-Executive Independent Women Director for her second five-year term. These appointments and re-appointments are effective from April 9, 2026, and August 7, 2026, respectively. The company has provided detailed profiles and disclosures as required by SEBI regulations.

Shraddha Prime Projects Ltd has announced the closure of its trading window for all directors, promoters, designated employees, and connected persons. This closure is effective from July 1, 2026, and will remain in effect until 48 hours after the declaration of the company's un-audited financial results for the first quarter and three months ended June 30, 2026. The move aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and aims to prevent potential insider trading activities during the sensitive period leading up to the financial results announcement.

Shraddha Prime Projects Ltd's Board of Directors met on June 2, 2026, approving key management changes. Mr. Vinay Madhukar Nayak's appointment as Non-Executive Non-Independent Director was confirmed, pending shareholder approval via postal ballot. Mr. Sudhir Balu Mehta was re-appointed as Managing Director for a five-year term from August 7, 2026, to August 6, 2031, also subject to shareholder approval. Mrs. Shivangi Datta was re-appointed as an Independent Director for a second five-year term, effective August 7, 2026, also requiring shareholder consent. The company also approved the draft postal ballot notice and appointed a scrutinizer and e-voting agency.

Shraddha Prime Projects Ltd reported strong Q4 and FY26 results. FY26 revenue from operations reached ₹508.4 Cr, a 226.74% YoY increase, with EBITDA at ₹66.28 Cr and a margin of 13.04%. PAT stood at ₹53.39 Cr, with a margin of 10.50%. The company's running project portfolio reached an estimated GDV of approximately ₹2,500 crore. They received Commencement Certificates for 'Pratham by Shraddha' and 'Shraddha Paradise Enclave'. The company anticipates a GDV pipeline of approximately ₹5,000 crore in FY27.

SHRADDHA PRIME PROJECTS LIMITED has announced its audited standalone and consolidated financial results for the fourth quarter and full year ended March 31, 2026. The Board of Directors approved these results on May 28, 2026. For the standalone entity, revenue from operations for Q4 FY26 was ₹10,528.98 lakhs, with a profit for the period of ₹2,313.84 lakhs. For the full fiscal year 2026, standalone revenue from operations reached ₹32,930.97 lakhs, and the profit for the year stood at ₹5,386.15 lakhs. The company also submitted the Auditor's Report and a declaration of unmodified opinion.

Shraddha Prime Projects Limited's Board of Directors approved the Consolidated and Standalone Audited Financial Results for the fourth quarter and year ended March 31, 2026. For the full fiscal year 2026, the company reported a consolidated revenue from operations of ₹32,930.97 lakhs and a consolidated profit after tax of ₹5,386.15 lakhs. In the fourth quarter of FY26, consolidated revenue from operations was ₹10,528.98 lakhs, with a consolidated profit after tax of ₹2,313.84 lakhs. The filing also included the Auditor's Report and a declaration for an unmodified opinion.

Shraddha Prime Projects Ltd has received the Commencement Certificate (CC) for its new redevelopment project, "Shraddha Paradise Enclave," located in Mulund (West), Mumbai. The project involves the redevelopment of Himgiri CHS, featuring a residential RERA carpet area of approximately 1,30,000 sq. ft. and a commercial RERA carpet area of about 20,000 sq. ft. The company projects an estimated revenue generation of ₹450 crore from this project over the next three years. This development reinforces Shraddha Prime Projects' presence in Mumbai's real estate market, particularly in capitalizing on redevelopment opportunities and expanding its portfolio in key suburban micro-markets.

Shraddha Prime Projects Ltd has announced the appointment of Mr. Vinay Madhukar Nayak as an Additional Non-Executive Director with effect from April 9, 2026. Mr. Nayak holds a Master Degree in International Business from the University of Wales - Cardiff, UK and has wide experience in retail sales and operation. The company has also accepted the resignation of Mr. Ramchandra Krishnakant Ralkar as a Non-Executive Director due to personal and professional commitments, effective from the close of business hours of April 8, 2026.

Shraddha Prime Projects Ltd has announced the resignation of Mr. Ramchandra Krishnakant Ralkar as Non-Executive Director due to personal and professional commitments. The board has approved the appointment of Mr. Vinay Madhukar Nayak as an Additional Non-Executive Director, who holds a Master Degree in International Business from the University of Wales - Cardiff, UK and has wide experience in retail sales and operation.

In a recent board meeting held on 9th April, 2026, Shraddha Prime Projects Ltd announced the appointment of Mr. Vinay Madhukar Nayak as an Additional Non-Executive Director. Mr. Nayak holds a Master Degree in International Business from the University of Wales - Cardiff, UK and has extensive experience in retail sales and operations. The company also announced the resignation of Mr. Ramchandra Krishnakant Ralkar due to personal and professional commitments.