Shraddha Prime Projects Ltd has filed its mandatory compliance certificate with the Bombay Stock Exchange for the quarter ended March 31, 2026. The submission fulfills regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Submission

The company submitted the compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 on April 9, 2026. Managing Director Sudhir Mehta digitally signed the submission letter forwarding the certificate to BSE's Corporate Relationship Department.

Share Transfer Agent Confirmation

RCMC Share Registry Pvt Ltd, serving as the company's share transfer agent, provided the compliance confirmation dated April 1, 2026. The registrar confirmed adherence to all regulatory requirements for dematerialization processes during the quarter.

The share transfer agent confirmed several key compliance aspects:

• Securities received from depository participants for dematerialization were properly confirmed to depositories
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within the prescribed 15-day timeframe

Corporate Structure

Shraddha Prime Projects Ltd was formerly known as Towa Sokki Limited. The company operates under the leadership of Managing Director Sudhir Mehta (DIN 02215452), who digitally signed the compliance submission.

Documentation Process

The compliance certificate represents a quarterly regulatory requirement ensuring proper handling of dematerialized securities. RCMC Share Registry Pvt Ltd, based in New Delhi's Okhla Industrial Area, manages the company's share transfer operations and maintains investor service communications.

Shraddha Prime Projects has received the commencement certificate for its redevelopment project "Shraddha Phoenix" located at Vidyalaya Marg, Mahakali Nagar, Village Mulund (East), Mumbai. The company disclosed this development under Regulation 30 of SEBI listing regulations, marking a significant milestone that enables construction activities to commence.

Project Details and Specifications

The Shraddha Phoenix project involves the redevelopment of Siddhivinayak Welfare SRA CHS (Prop) and Uttar Bhartiya Residents SRA CHS. The project represents a substantial development opportunity in Mumbai's eastern suburbs with considerable revenue potential.

Management Commentary

Commenting on the development, Mr. Sudhir Mehta, Managing Director of Shraddha Prime Projects, expressed satisfaction with receiving the commencement certificate. He emphasized that this milestone aligns with the company's continued focus on redevelopment opportunities in Mumbai and strengthens their presence in key micro-markets such as Mulund.

Strategic Market Position

The project is strategically positioned in Mulund (East), described as a rapidly developing suburban hub with strong connectivity and growing residential demand. This location choice reflects the company's strategy of expanding its redevelopment portfolio and capitalizing on high-potential urban locations in Mumbai's real estate market.

Business Impact and Revenue Outlook

With the commencement certificate secured, Shraddha Prime Projects can proceed with construction activities for the project. The company expects to generate approximately ₹150 crores in revenue over the next three years from this development, representing a significant contribution to its project pipeline and financial performance.