Swati Projects has completed the allotment of 10,00,000 equity shares in its wholly owned subsidiary, Radhashree Roadsters Private Limited, on June 26, 2026. The shares, with a face value of Rs 10 each, were allotted for cash at par, aggregating to Rs 1 crore. This capital infusion is intended to fund the subsidiary's business operations and repay existing loans, bringing the total investment in the entity to Rs 1.5 crore.

The transaction was initially proposed for June 25, 2026, but was delayed due to unavoidable administrative and procedural circumstances. The allotment was subsequently finalized on June 26, 2026. The investment was classified as a related party transaction conducted on an arms length basis, with no interest held by the company's promoters, promoter group, or other group entities. No governmental or regulatory approvals were required for the transaction.

Investment Details

The disclosure was made under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The following table outlines the key financial details of the investment:

Radhashree Roadsters Private Limited will utilize the capital infusion to support its ongoing business activities and settle existing liabilities. The company stated that the funds were provided for cash at par.

Swati Projects Limited has confirmed compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the financial year ended March 31, 2026. The certification, issued by Practicing Company Secretary Shruti Agarwal, verifies that the listed entity adhered to statutory provisions and maintained proper Board processes and compliance mechanisms during the review period.

The audit covered the company's adherence to regulations including the SEBI Act, 1992, the Securities Contracts (Regulation) Act, 1956, and specific SEBI regulations concerning insider trading, disclosures, and corporate governance. The review involved an examination of the company's books, records, filings submitted to stock exchanges, and information provided by its officers.

While the report confirmed general compliance, it identified a specific deviation regarding the composition of the Board. The listed entity failed to appoint a woman director as required under Section 17(1) of the SEBI (LODR) Regulations, 2015. This instance was recorded as a non-compliance in the additional information section of the report.

The company confirmed that there were no events involving the appointment, re-appointment, or resignation of statutory auditors during the review period. Additionally, the report stated that no actions were taken against the listed entity, its promoters, directors, or subsidiaries by SEBI or the stock exchanges under the Standard Operating Procedures.

Compliance Status Overview

The following table summarizes the compliance status reported for the financial year ended March 31, 2026:

The report also confirmed that the company has complied with the requirements of the Structural Digital Database under the Prohibition of Insider Trading Regulations, 2015, and relevant circulars issued by BSE Limited. The auditor noted that the responsibility for compliance and the authenticity of documents rests with the company's management.