Shraddha Prime Projects Ltd

Shraddha Prime Projects Limited has announced the launch of its new 21-storey residential development, 'Param Adarsh', in Mulund West, Mumbai. Strategically located opposite the Mulund West railway station, the project is expected to have a Gross Development Value (GDV) of approximately ₹120 crore. This launch is part of the company's strategy to strengthen its presence in key Mumbai residential micro-markets and expand its development portfolio. The project aims to cater to homebuyers seeking convenient connectivity and well-located residential options.

Shraddha Prime Projects Limited has launched 'Pandora by Shraddha', a 22-storey mixed-use development in Nahur West, Mumbai. On launch day, the company recorded bookings for 110 units out of 471 total units, generating approximately ₹60 crore. The project, offering a mix of residential (1 RK and studio apartments) and commercial spaces, has an estimated Gross Development Value (GDV) of ₹220 crore. This launch is a significant addition to Shraddha Prime's portfolio, which includes residential, SRA, redevelopment, and MHADA projects.

Shraddha Prime Projects Limited announced the terms of its proposed Rights Issue aggregating to approximately ₹96.96 crore. The issue comprises 60,60,150 Equity Shares of face value ₹10 each at an issue price of ₹160 per Equity Share, including a premium of ₹150 per share. Eligible shareholders will be entitled to subscribe to 3 Rights Equity Shares for every 20 existing Equity Shares held as on the Record Date of October 15, 2026. ₹144 per share will be payable on application, with the balance ₹16 per share payable on a subsequent call. The proceeds will primarily support working capital requirements and enable the company to maintain adequate liquidity for ongoing developments and its expanding project pipeline. GYR Capital Advisors Pvt. Ltd. has been appointed as the Merchant Banker to the Issue.

Shraddha Prime Projects Ltd has announced the record date for its upcoming Rights Issue. The Board of Directors has set Thursday, October 15, 2026, as the record date to determine the eligibility of equity shareholders entitled to receive Rights Issue Entitlements. The company has made arrangements with NSDL & CDSL for the credit of these entitlements in dematerialized form prior to the issue opening date.

Shraddha Prime Projects Ltd. has announced the record date for its upcoming Rights Issue. The Board of Directors, at a meeting held on October 1st, set Thursday, October 15, 2026, as the record date. This date will determine the eligibility of equity shareholders to receive the Rights Issue Entitlement. The company has also made necessary arrangements with NSDL and CDSL to credit the Rights Entitlements in dematerialized form to eligible shareholders' demat accounts prior to the issue opening date, under a separate ISIN.

Shraddha Prime Projects Ltd has announced that its Board of Directors will convene a meeting on October 1, 2026. The primary agenda for this meeting is to consider and approve crucial details regarding the company's proposed Rights Issue. This includes determining the issue price of the equity shares, finalizing the Rights Issue ratio (number of shares offered per existing shareholding), and setting the Record Date to identify eligible shareholders. This follows a previous intimation on March 28, 2026, where the Board had already approved the issuance of equity shares via a rights issue.

Shraddha Prime Projects Ltd conducted its 34th Annual General Meeting (AGM) on September 28, 2026, via Video Conference/Other Audio-Visual Means (VC/OAVM). The meeting was chaired by Mr. Sudhir Balu Mehta. Key agenda items included the adoption of audited financial statements for FY26, appointment of a director, approval of material related party transactions with several entities, ratification of cost auditors' remuneration, and an increase in borrowing limits up to ₹5000 Crores. Voting was conducted through remote e-voting and venue voting. The AGM commenced at 11:30 a.m. and concluded at 11:51 a.m.

Shraddha Prime Projects Ltd has announced the closure of its trading window for all directors, promoters, designated employees, and connected persons. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from October 1, 2026, until 48 hours after the declaration of the company's un-audited financial results for the second quarter and six months ended September 30, 2026. This measure is standard practice to prevent insider trading during sensitive financial reporting periods.

Shraddha Prime Projects Ltd has announced a change to its official email ID as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's old email ID, towasurvey@yahoo.co.in, has been replaced with the new ID, shraddhaprimeprojects@gmail.com. All future official communications, including investor grievances, should now be directed to the new email address. The company requests stakeholders to update their records accordingly.

Shraddha Prime Projects Ltd has received in-principle approval from BSE Limited on September 22, 2026, for the listing of Partly Paid-Up Equity Shares to be issued via a rights issue. This approval, referenced as LOD/RIGHT/AM/FIP/812/2026-27, is a significant step in the company's fundraising plans. The rights issue is still contingent upon the company fulfilling all post-issue requirements and adhering to statutory, legal, and listing formalities mandated by SEBI and the Exchange.