Shraddha Prime Projects Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/03/2026 ,inter alia, to consider and approve a proposal for raising funds
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Shraddha Prime Projects Ltd has informed the BSE that its Board of Directors will meet on Friday, March 20, 2026. The main agenda is to consider and evaluate a proposal for raising funds through one or more permissible routes, including a rights issue, preferential allotment, qualified institutional placement (QIP), or any other mode, either individually or in combination. The company may issue equity shares, equity-linked securities, warrants, or other eligible securities, subject to approvals under the SEBI ICDR Regulations 2018 and the Companies Act 2013. No specific fundraising amount, pricing, or use of proceeds has been disclosed yet. The outcome of the meeting will be communicated to the exchange immediately after the board meeting concludes.
This is a preliminary intimation and not a confirmed fundraising decision. Shareholders should wait for the board meeting outcome on March 20 for concrete details on size, pricing, and purpose. Such proposals, if approved, could lead to dilution of existing equity depending on the route and size of issuance.