To approve proposal of fund raising upto an amount of Rs. 60 Crores by way of issue of Secured Redeemable NCD of the Face Value of Rs. 1,00,000/-. The Intimation is revised since the DSC ....
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Awaiting price reaction for this filing.
Shraddha Prime Projects Ltd has informed BSE that its board will meet on November 21, 2025 to consider raising up to Rs. 60 Crores through the issuance of Secured Redeemable Non-Convertible Debentures (NCDs). Each NCD will have a face value of Rs. 1,00,000 and will be offered to investors in the non-promoter category. The company has described this as a revised intimation. The document does not mention the interest rate, tenure, or purpose of the fund raise.
If approved, existing shareholders may see dilution of promoter equity is avoided since these are NCDs (debt, not equity), but the company will take on additional debt obligations. The stock may react based on the coupon rate and end use of funds, which are not disclosed yet.