Shraddha Prime Projects has completed the allotment of Non-Convertible Debentures (NCDs) worth ₹58.00 crores and increased its total approved NCD issuance size to ₹63.00 crores. The company's board meeting held on December 24, 2025, reaffirmed the NCD issuance plans while making key modifications to the earlier approvals.

NCD Allotment Details

The board has approved the allotment of 5,800 secured, unlisted, redeemable, non-cumulative, non-convertible debentures to identified investors on a private placement basis. The allotment represents a significant portion of the company's fundraising initiative.

Revised NCD Issuance Framework

The company has modified its earlier approvals and increased the total NCD issuance size from ₹60.00 crores to ₹63.00 crores. The revised framework allows for greater flexibility in fundraising through multiple tranches.

Financial Terms and Structure

The NCDs offer attractive returns to investors with a structured repayment mechanism over a 36-month tenure. The company has updated the redemption premium structure based on the latest board meeting decisions.

Security and Redemption

The debentures are secured through mortgage, hypothecation or pledge in favor of the debenture trustee, providing additional security to investors. The company plans to redeem the debentures either from profits or through fresh issuance, offering flexibility in the redemption process.

Strategic Implications

This NCD allotment marks a significant step in Shraddha Prime Projects' capital raising strategy. The successful allotment of ₹58.00 crores out of the total ₹63.00 crores approved indicates strong investor interest in the company's debt instruments. The funds raised through this issuance will provide the company with additional working capital and support its growth initiatives without diluting equity ownership.

Shraddha Prime Projects Limited has announced new strategic investments in Limited Liability Partnerships (LLPs) while simultaneously adjusting its existing partnership stakes. The company informed the Bombay Stock Exchange about these developments under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.

New LLP Investment Strategy

The company has outlined plans to invest in two new LLPs as a designated partner through contribution introduction and profit/loss sharing arrangements. These investments represent the company's continued expansion strategy in the real estate sector.

Existing Partnership Adjustment

Alongside the new investments, Shraddha Prime Projects has decided to reduce its stake in an existing partnership. The company will decrease its investment in Neuwell Builders and Planner LLP, adjusting its profit and loss sharing ratio from the current level.

Strategic Implications

These moves demonstrate Shraddha Prime Projects' active portfolio management approach in the real estate sector. By entering new partnerships while optimizing existing ones, the company appears to be diversifying its investment base and potentially reallocating resources to more promising opportunities.

The decision to reduce stake in Neuwell Builders and Planner LLP while simultaneously investing in new LLPs suggests a strategic rebalancing of the company's partnership portfolio. This approach allows the company to maintain exposure to multiple projects while potentially improving overall returns.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements, ensuring transparency with stakeholders and the market. The company has formally notified the Bombay Stock Exchange about these strategic decisions, maintaining proper corporate governance standards.

As a company operating in the realty sector with a small-cap market capitalization, these strategic partnerships could play a crucial role in Shraddha Prime Projects' growth trajectory and market positioning in the competitive Mumbai real estate landscape.