Shraddha Prime Projects Limited has announced a final dividend of Re. 0.20 per share, subject to shareholder approval at the upcoming 33rd Annual General Meeting (AGM). The company has set September 24, 2025, as the record date for determining shareholder eligibility for the dividend payout.

Dividend Details

Key Points

• The Board of Directors recommended the dividend at their meeting held on August 14, 2025.
• The dividend is subject to approval by shareholders at the 33rd AGM.
• If approved, the dividend will be paid to eligible shareholders, subject to tax deduction at source.
• Beneficial owners of dematerialized shares and members holding physical shares, as per records at the close of business on the record date, will be entitled to the dividend.

AGM Proceedings

The company held its 33rd AGM on September 17, 2025, through video conferencing, in compliance with regulatory guidelines. Key agenda items included:

1. Adoption of audited standalone and consolidated financial statements
2. Declaration of the final dividend
3. Confirmation of interim dividend payment
4. Appointment of directors retiring by rotation
5. Appointment of secretarial auditor

The AGM, chaired by Mr. Sudhir Balu Mehta, Managing Director, commenced at 11:30 AM and concluded at 11:51 AM, followed by a 15-minute window for venue e-voting.

Shraddha Prime Projects Limited, formerly known as Towa Sokki Limited, is engaged in the construction sector. The company's registered office is located in Ghatkopar (East), Mumbai.

Investors and shareholders are advised to take note of the record date and the AGM proceedings. The final voting results and scrutinizer's report will be made available on the company's website as per regulatory requirements.

Shraddha Prime Projects , a prominent player in the real estate sector, has reported a significant turnaround in its financial performance for the latest quarter. The company has successfully transformed its bottom line, moving from a loss in the previous year to a substantial profit, while also showing remarkable improvement in its EBITDA.

Financial Highlights

Impressive Turnaround

Shraddha Prime Projects has demonstrated a remarkable financial recovery, posting a consolidated net profit of ₹67.00 crore in the latest quarter. This performance marks a significant improvement from the ₹66.00 crore loss reported in the same quarter of the previous year. The company's profitability has also shown sequential growth, increasing from ₹91.00 crore in the preceding quarter.

Strong Revenue Growth and EBITDA Improvement

The company's top-line performance has been equally impressive. Shraddha Prime Projects recorded a revenue of ₹481.00 crore for the quarter, representing a substantial year-on-year growth of 56.68% from ₹307.00 crore in the corresponding quarter of the previous year.

Notably, the company achieved a significant improvement in its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). Shraddha Prime Projects reported an EBITDA of ₹82.00 crore, compared to a loss of ₹78.00 crore in the same quarter of the previous year. The EBITDA margin was reported at a healthy 17.03%, indicating improved operational efficiency.

Market Implications

This positive financial result could potentially boost investor confidence in Shraddha Prime Projects. The company's ability to turn around its profitability, significantly increase its revenue, and improve its EBITDA suggests effective management strategies and possibly improved market conditions in the real estate sector.

The real estate industry has faced numerous challenges in recent years, making Shraddha Prime Projects' performance particularly noteworthy. Investors and market analysts will likely be watching closely to see if the company can maintain this positive momentum in the coming quarters.

As always, it's important for investors to consider these results in the context of broader market trends and the company's long-term strategy before making investment decisions.