Shraddha Prime Projects Limited has submitted details to BSE regarding the newspaper publication of its postal ballot notice, which was published in the Financial Express and Prathkaal on June 7, 2026. The company seeks shareholder approval for the re-appointment of its Managing Director and an Independent Director, alongside the regularization of a Non-Executive Non-Independent Director. The e-voting period is open from June 8, 2026, to July 7, 2026, with results to be declared on or before July 8, 2026.

The Board has proposed the re-appointment of Mr. Sudhir Balu Mehta as Managing Director for a term of five years effective from August 7, 2026, to August 6, 2031. The re-appointment is subject to shareholder approval via a Special Resolution. Mr. Mehta, aged 52, has been with the company since August 2021 and is proposed to receive an annual remuneration of ₹1,80,00,000 inclusive of perquisites. His tenure includes provisions for minimum remuneration in the event of loss or inadequate profits.

Mrs. Shivangi Datta has been recommended for re-appointment as a Non-Executive Independent Director for a second term of five years, effective from August 7, 2026, to August 6, 2031. An accomplished Human Resource professional with over 14 years of experience, her re-appointment is also subject to the approval of shareholders through a Special Resolution. She abstained from the Board discussion regarding her re-appointment.

The Board has also sought approval to regularize the appointment of Mr. Vinay Madhukar Nayak as a Non-Executive Non-Independent Director. Mr. Nayak was initially appointed as an Additional Director on April 9, 2026, and holds a Master’s Degree in International Business from the University of Wales. Shareholders will vote on this appointment as an Ordinary Resolution.

To facilitate the postal ballot, the Board appointed Ms. Neeta H. Desai of M/s ND & Associates as the scrutinizer and engaged National Securities Depository Limited (NSDL) as the e-voting agency. The cut-off date for determining shareholder eligibility is June 5, 2026.

Key Director Appointments

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE311M01018/3f97eb2c-c594-4f9a-aa8e-d1928af1c151.pdf

Shraddha Prime Projects reported a consolidated net profit of ₹2,330.18 lakh for the quarter ended March 31, 2026, a significant increase from ₹674.43 lakh in the same period last year. Revenue from operations for the quarter surged to ₹18,631.12 lakh, compared to ₹4,814.40 lakh in the corresponding quarter of the previous year. The company also reported Q4 EBITDA of ₹235M versus ₹82M year-on-year, while the EBITDA margin stood at 12.63% compared to 17.03% in the same period last year. For the full year ended March 31, 2026, the company recorded a net profit of ₹5,338.79 lakh on total revenue of ₹52,098.60 lakh.

The Board of Directors approved the audited consolidated and standalone financial results for the fourth quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The results were reviewed by the Audit Committee and are in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, M/s. Monika Jain & Co., issued an unmodified opinion on the financial results.

Financial Performance

The company's standalone financial results for the quarter ended March 31, 2026, showed a net profit of ₹2,313.84 lakh, with revenue from operations at ₹10,528.98 lakh. Total income for the standalone entity stood at ₹11,676.98 lakh for the quarter. The basic and diluted earnings per share (EPS) for the standalone entity were reported at ₹22.69 for the quarter.

Consolidated Key Metrics

EBITDA Performance

The following table highlights the quarterly EBITDA performance on a year-on-year basis:

While absolute EBITDA more than doubled year-on-year, the EBITDA margin contracted from 17.03% to 12.63%, reflecting the significant scale-up in revenues during the quarter.

Operational Highlights

The company's running project portfolio reached an estimated Gross Development Value (GDV) of approximately ₹2,500 crore in FY2025-26, representing a six-fold increase from FY2023-24. With a projected GDV pipeline of approximately ₹5,000 crore in FY2026-27, Shraddha Prime continues to strengthen its growth trajectory across Mumbai's redevelopment market. The company received Commencement Certificates for two key projects: “Pratham by Shraddha” in Borivali West and “Shraddha Paradise Enclave” in Mulund (West).

GDV Growth Trajectory

Corporate Developments

During the financial year, Shraddha Prime Projects entered into partnership firm agreements with three newly incorporated entities: Shraddha Vastu Developers, Shraddha Sai Infra, and Shraddha Harmony. The company holds profit-sharing ratios of 95%, 51%, and 95% in these firms, respectively. Additionally, the company increased its authorised share capital from ₹45,00,00,000 to ₹65,00,00,000 by creating 2,00,00,000 additional equity shares of ₹10 each.

The company also issued Non-Convertible Debentures (NCDs) aggregating to ₹58 crore on a private placement basis, carrying a coupon rate of 20.04% and redeemable on December 7, 2028. The Board of Directors monitors the business activity as a single segment focused on real estate development and related construction activities.