Shraddha Prime Projects Limited has received the Commencement Certificate (CC) for its upcoming redevelopment project "Shraddha Paradise Enclave" in Mumbai. The regulatory approval marks a significant milestone for the company's expansion in the Mumbai real estate market.

Project Details and Specifications

The Shraddha Paradise Enclave project is strategically located at Swapna Nagari, Nirmal Nagar-Agrawal Road, Village Mulund (West) Taluka-Kurla, in 'T' ward BMC, Mumbai 400080. The project involves the redevelopment of Himgiri CHS and represents a substantial addition to the company's portfolio.

Strategic Positioning and Market Impact

The project is positioned in Mulund West, a developing suburban hub known for its robust connectivity and growing residential demand. This location choice aligns with the company's strategy to capitalize on redevelopment opportunities in key Mumbai micro-markets.

Management Commentary

Commenting on the development, Mr. Sudhir Mehta, Managing Director of Shraddha Prime Projects Limited, expressed satisfaction with receiving the Commencement Certificate. He emphasized that the project aligns with the company's strategy to leverage burgeoning redevelopment opportunities in Mumbai while strengthening presence in major micro-markets.

Company Portfolio and Focus

Shraddha Prime Projects Limited operates as a Mumbai-based real estate developer with a diversified portfolio spanning multiple segments:

• Residential developments
• Slum rehabilitation (SRA) projects
• Redevelopment initiatives
• MHADA projects

The company caters to various market segments by offering housing solutions ranging from affordable homes to super-premium dwellings, maintaining focus on quality, inclusivity, and execution in the Mumbai real estate market.

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.