Outcome of the Board Meeting of Shraddha Prime Projects Limited ('Company') held today i.e. March 20, 2026
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Shraddha Prime Projects Ltd's Board, at a meeting held on March 20, 2026, approved raising funds of up to ₹9,700 lakhs (around ₹97 crore) through a Rights Issue of equity shares to existing eligible shareholders. A dedicated Rights Issue Committee has been formed to finalise key details such as the issue price, entitlement ratio, record date and timing. The terms are subject to in-principle approval from the stock exchange and other regulators. The company, formerly known as Towa Sokki Limited, is listed on BSE with the symbol SHRADDHA (script code 531771).
Existing shareholders will get a chance to buy additional shares in proportion to their current holdings to maintain their stake, but the issue could also lead to dilution if they do not participate. Final pricing and record date details are still awaited, which will determine the actual cost and timing for investors.