Corporate Actions & AGM Details
Shraddha Prime Projects Limited has convened its 34th Annual General Meeting on September 28, 2026, to be held virtually. The agenda includes approval of material related party transactions totaling ₹510 crore with four entities under common control or subsidiary relationships, ratification of cost auditor remuneration, and special resolutions to increase borrowing limits from ₹2,000 crore to ₹5,000 crore while authorizing creation of charges on company assets to secure such borrowings. The company also seeks reappointment of Mr. Santosh Sadashiv Samant as Non-Executive Director.
Financial Performance Highlights (FY 2025-26)
The company delivered exceptional financial performance with consolidated revenue surging 227% to ₹508.35 crore (FY25: ₹155.58 crore) and net profit reaching ₹53.39 crore (FY25: ₹24.92 crore). Standalone performance showed revenue of ₹329.31 crore and net profit of ₹53.86 crore. Key financial ratios showed significant improvement with Return on Equity at 51.09% (up from 36.91%) though Debt-Equity Ratio increased to 5.45 from 1.17 due to substantial borrowing increases.
Borrowings and Financing Structure
Total borrowings increased significantly to ₹261.59 crore with multiple construction and working capital loans secured against specific project inventories. The company secured project financing including Shraddha Pavillion (₹25.99 crore at 13.75%), Shraddha Palacious (₹17.83 crore at 15.00%), Shraddha Paradise (₹63.68 crore at 12.25%), and Shraddha Park City (₹43.44 crore at 13.25%). Additionally, the company issued Non-Convertible Debentures of ₹57.22 crore at 20.04% interest.
Investments and Subsidiary Operations
The company made substantial investments in subsidiary and associate firms totaling ₹322.15 crore, including Padhmagriha Heights (₹12.29 crore), Shree Krishna Rahul Developers (₹37.97 crore), Roopventures LLP (₹11.07 crore), and new investments in Shraddha Fortune LLP (₹18.54 crore) and Shraddha Shelter & Stay Spaces (₹11.39 crore). The company has 13 material unlisted Indian subsidiaries operating as partnership firms and LLPs.
Audit and Compliance Matters
Auditors issued an unmodified opinion while highlighting revenue recognition using percentage of completion method and inventory valuation assessment as key audit matters. The present value of gratuity obligation increased to ₹10.02 crore with key assumptions including 7.00% discount rate and 5.00% salary growth rate. The company spent ₹25 lakhs on CSR activities and has pending disputed income tax dues of ₹7.93 lakhs.
Capital Structure and Ownership
Authorized share capital stands at ₹65 crore with paid-up capital of ₹40.40 crore. Promoter holding remains at 74.78% with Mr. Sudhir Balu Mehta as Managing Director. The company has applied to BSE for a rights issue of equity shares up to ₹97 crore, which is currently under consideration.