Shraddha Prime Projects Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/11/2025 ,inter alia, to consider and approve To approve the proposal ....
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Shraddha Prime Projects Ltd (formerly Towa Sokki Limited) has informed BSE that its Board of Directors will meet on Friday, November 21, 2025, at its registered office in Ghatkopar East, Mumbai. The key agenda is to consider and approve a proposal to raise funds up to Rs. 60 Crores through the issuance of Secured Redeemable Non-Convertible Debentures (NCDs), each with a face value of Rs. 1,00,000. These NCDs will be offered to investors from the Non-Promoter category, meaning existing promoters will not be subscribing. The intimation was filed on November 17, 2025 by Managing Director Sudhir Mehta as required under SEBI Listing Regulations 2015.
If approved, the company will add Rs. 60 Crores of debt to its books without any equity dilution for existing shareholders, but this will increase its debt obligations and interest outgo. Retail investors should watch the board meeting outcome and any details on coupon rate, tenor, and end-use of funds, as these will determine whether the move is growth-supportive or financially burdensome.