Intimation under Regulation 30 - Resignation of Independent Director of the Company.
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Awaiting price reaction for this filing.
Shraddha Prime Projects Ltd informed BSE that Ms. Ankita Gupta (DIN: 09484966) has resigned as Non-Executive Independent Director effective end of business hours on February 14, 2026, citing personal and professional commitments with no other material reasons. The board also approved unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025. Standalone revenue from operations for Q3 stood at Rs 8,451.30 lacs with profit after tax of Rs 1,314.81 lacs, while consolidated revenue was Rs 12,901.13 lacs. During the quarter, the company issued Non-Convertible Debentures worth Rs 58 crores at a 20.04% coupon rate, redeemable on December 7, 2028. The company also reduced its profit-sharing in Neuwell Builders and Planner LLP from 40% to 26.67% and entered two new partnership/LLP arrangements.
A single independent director's exit for personal reasons is a routine board change and unlikely to materially affect the stock. Investors may focus more on the Q3 results showing strong revenue growth and the Rs 58 crore debt raise at a high 20.04% coupon, which could raise concerns about borrowing costs and leverage.