Disclosure under Regulation 30 read with Schedule - III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
On November 17, 2025, the board of Shraddha Prime Projects approved three acquisitions to expand its real estate business. First, it will acquire a 98% stake in Shraddha Apex LLP (developer of Shraddha Palladium in Vikhroli East, Mumbai; FY25 turnover ~₹38 crore) by investing just ₹98,000. Second, it will acquire a 98% stake in Shraddha Housing Projects LLP (developer of Shraddha Pleasant in Vikhroli East; FY25 turnover ~₹27 crore) for another ₹98,000. Third, and most significantly, it agreed to subscribe for up to 51% equity in Shraddha Landmark Private Limited for up to ₹125 crore, giving it access to a portfolio of projects across Thane, Mulund, Vikhroli, Bhandup and Nahur (Shraddha Landmark's FY25 turnover was up to ₹338 crore, growing from ₹182 crore in FY23). All three are classified as related-party transactions done at arm's length price and require shareholder approval via postal ballot, with completion targeted by March 31, 2026.
The deals sharply scale up the company's real estate portfolio, with the ₹125 crore Shraddha Landmark acquisition being a major investment relative to the small LLP stakes. However, all three are related-party transactions needing shareholder approval, so execution risk remains until the postal ballot concludes.