Pursuant to Regulation 34 of LODR enclosing Postal Ballot Notice
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Awaiting price reaction for this filing.
Shraddha Prime Projects Ltd has issued a postal ballot notice to shareholders for two ordinary resolutions. The first seeks approval to increase the company's authorised share capital from ₹45 crore (4.5 crore equity shares of ₹10 each) to ₹65 crore (6.5 crore equity shares of ₹10 each), creating room for 2 crore additional shares to enable future fund-raising activities such as a bonus issue, rights issue, or other capital needs. The second resolution seeks approval to appoint Mr. Ashok Uttam Chandanshive (DIN: 11038160), a Chartered Accountant, Lawyer, and M.Com with 10+ years of experience, as Non-Executive Independent Director for a five-year term from January 14, 2026 to January 13, 2031. Voting will be conducted only through electronic means (NSDL e-voting platform) between January 20, 2026 and February 18, 2026, with results to be declared by February 20, 2026.
The authorised capital hike itself does not dilute shareholders but creates flexibility for a future bonus, rights, or preferential issue that could affect shareholding and stock price. The independent director appointment is a routine governance matter with no direct price impact.