Intimation under Reg 30 of the LODR that the Board of Directors approved the raising of Funds through the Rights Issue.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 3.3 pts less than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board of Shraddha Prime Projects Ltd, at a meeting held on March 20, 2026, approved raising funds of up to ₹9,700 lakhs (₹97 crore) through a rights issue of equity shares to existing eligible shareholders. A Rights Issue Committee has been formed to work out the issue price, entitlement ratio, record date, and timing. Key details such as the issue price and ratio are yet to be finalised, and the proposal is subject to in-principle approval from BSE. The company has not disclosed the specific purpose for which the funds will be used. The company was formerly known as Towa Sokki Limited.
This is a potential equity dilution event for existing shareholders. Since the issue price, entitlement ratio, and record date are not yet announced, investors should wait for further details to evaluate the attractiveness of subscribing to the rights issue.