Shraddha Prime Projects Limited has submitted a regulatory disclosure to the Bombay Stock Exchange regarding a partial release of pledged shares by its promoter.
Key Quantitative Figures
- Total promoter holding: 30,210,548 equity shares (74.78% of total share capital)
- Previously pledged shares: 7,000,000 equity shares (17.33% of total share capital)
- Shares released from pledge: 2,000,000 equity shares (4.95% of total share capital)
- Post-release pledged shares: 5,000,000 equity shares (12.38% of total share capital)
Dates of Action
The partial release of pledge occurred on November 6, 2026, as reported in the disclosure dated the same day.
Parties Involved
- Promoter: Mr. Sudhir Balu Mehta
- Pledgee: HDFC Bank Limited
- Related entity: Shraddha Housing Projects LLP (beneficiary of the original loan)
Purpose/Rationale
The original pledge was created as "Security for loan availed by Shraddha Housing Projects LLP" according to the disclosure form.
Capital Structure Impact
The transaction reduces the percentage of pledged shares in the company's capital structure from 17.33% to 12.38%, while the promoter's total holding remains unchanged at 74.78%.
Additional Information
The intimation along with relevant documents is being uploaded on the Company's website at https://shraddhaprimeprojects.in/. The disclosure was digitally signed by Company Secretary Neha Bharat Chhatbar on November 6, 2026, at 16:03:41 IST.