Revised Disclosure under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
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Promoter Sudhir Balu Mehta has created a pledge on 70 lakh equity shares of Shraddha Prime Projects Ltd in favour of HDFC Bank Limited, constituting 17.33% of the company's total paid-up share capital. The pledge is being given as security for a loan availed by Shraddha Housing Projects LLP, in which the promoter is a designated partner. The promoter currently holds 30,210,548 shares (74.78% of the company) and had no shares encumbered prior to this pledge. This is a revised filing submitted to correct a discrepancy in the post-event encumbered share figures that BSE had flagged in the original disclosure dated 28 February 2026.
About 17.33% of the company's share capital is now encumbered with HDFC Bank, which could expose those shares to risk if the related entity defaults on the loan. The promoter's overall 74.78% stake in the company remains unchanged, so this is a financial obligation matter rather than a change in ownership.