Outcome of the Board meeting held on 14.02.2026
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Shraddha Prime Projects' board approved its unaudited standalone and consolidated financial results for Q3 and 9 months ended December 31, 2025. Standalone Q3 revenue from operations jumped to Rs 8,451.30 lacs from Rs 2,691.18 lacs a year ago, with profit after tax of Rs 1,314.81 lacs (vs Rs 907.94 lacs in Q3 FY25). On a 9-month basis, standalone revenue surged to Rs 22,401.99 lacs from Rs 7,127.93 lacs, while PAT rose to Rs 3,072.31 lacs from Rs 1,795.55 lacs. Consolidated 9-month revenue stood at Rs 32,204.29 lacs with PAT of Rs 3,008.61 lacs. The board also accepted the resignation of Ms. Ankita Gupta, Non-Executive Independent Director, citing personal reasons, effective end of day February 14, 2026. During the quarter, the company issued non-convertible debentures worth Rs 58 crores at a 20.04% coupon rate, redeemable by December 2028, and entered into new partnership/LLP arrangements.
Strong YoY revenue and profit growth signals robust business momentum, though the unusually high 20.04% NCD coupon rate and restructuring of LLP profit-sharing ratios raise some concerns. The independent director resignation may lead to short-term governance concerns until a replacement is appointed.