Intimation under Regulation 30 (LODR) about Resignation of Mr. Ramchandra Krishna Kant Ralkar as Director of the Company.
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On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.8 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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Shraddha Prime Projects Ltd informed the stock exchange about a board change approved at its meeting on April 9, 2026. Mr. Ramchandra Krishnakant Ralkar (DIN: 02817292) resigned as Non-Executive Director effective end of business on April 8, 2026, citing personal and professional commitments with no other material reason. In the same meeting, Mr. Vinay Madhukar Nayak (DIN: 08494834) was appointed as an Additional Non-Executive Director effective April 9, 2026. Mr. Nayak holds a Master's in International Business from the University of Wales, Cardiff, and brings experience in retail sales and operations. The board meeting lasted only 25 minutes, from 12:30 PM to 12:55 PM, and was signed by Managing Director Sudhir Mehta.
This is a routine single-director replacement with no governance red flags or major disruption. Shareholders should note no change in executive leadership or shareholding, and the seat has already been filled, so the impact on stock price is likely neutral.