Revised outcome of the Board Meeting held on 17th November 2025.
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Awaiting price reaction for this filing.
Shraddha Prime Projects' Board approved three acquisitions in the real estate space, all classified as related party transactions at arm's length pricing. The company will acquire 98% partnership interest in Shraddha Apex LLP (FY25 turnover ~₹38 crore) and Shraddha Housing Projects LLP (FY25 turnover ~₹26.9 crore) for just ₹98,000 each, giving it 98% profit/loss share. Separately, it will subscribe to equity shares of Shraddha Landmark Private Limited for up to ₹125 crore, acquiring up to 51% stake in a much larger entity whose turnover has grown sharply from ₹182 crore (FY23) to ₹338 crore (FY25). The objective is to consolidate and expand its real estate development portfolio. Shareholder approval via postal ballot is required, with completion targeted by March 31, 2026. The filing is a 'revised' version only because the original was digitally signed by the wrong person; no content changes.
For shareholders, this signals a major expansion of the company's real estate footprint, with the ₹125 crore Landmark deal dwarfing the smaller LLP acquisitions. However, all three are related party transactions requiring shareholder approval, which may attract scrutiny. The Landmark target shows strong revenue growth (~86% over two years), which could be value-accretive if priced fairly.