Shraddha Prime Projects has announced a series of strategic acquisitions aimed at expanding its real estate footprint in key Mumbai locations. The company's board has approved three significant transactions that will consolidate its assets across Vikhroli, Thane, Mulund, and Bhandup areas.

Acquisition Details

Strategic Implications

The approved acquisitions demonstrate Shraddha Prime Projects' commitment to strengthening its presence in the Mumbai real estate market. By acquiring substantial interests in two LLPs and a significant stake in Shraddha Landmark Private Limited, the company is positioning itself for potential growth and increased market share in these key areas.

Financial Commitment

The total financial commitment for these acquisitions could reach up to ₹125 crores, with the majority allocated to the stake purchase in Shraddha Landmark Private Limited. This substantial investment underscores the company's confidence in the growth potential of these assets and the broader real estate market in Mumbai.

Market Impact

These strategic moves by Shraddha Prime Projects may be viewed positively by investors and industry observers. The acquisitions have the potential to enhance the company's project pipeline, diversify its portfolio, and potentially lead to improved revenue streams in the future.

As the real estate sector continues to evolve, particularly in high-demand areas of Mumbai, Shraddha Prime Projects' expansion strategy could position the company to capitalize on emerging opportunities in the market.

Additional Information

It's important to note that all three transactions are classified as related party deals. As such, they will require shareholder approval through a postal ballot. This process ensures transparency and allows shareholders to have a say in these significant strategic decisions.

Investors and stakeholders will likely be watching closely to see how these acquisitions integrate into Shraddha Prime Projects' existing operations and contribute to its overall growth trajectory.

Shraddha Prime Projects Limited has announced a significant change in its shareholding structure. The company's Board of Directors has approved the reclassification of nine individuals from the 'Promoter and Promoter Group' category to the 'Public' category.

Key Details of the Reclassification

The Board's decision, made on October 27, 2025, follows requests from the following individuals:

Implications and Compliance

The reclassification request aligns with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board has confirmed that:

1. The individuals seeking reclassification hold a total of 87,300 shares, representing 0.21% of the company's total shareholding.
2. These individuals are not involved in the day-to-day management or business operations of the company.
3. They do not have any direct or indirect control over the affairs of Shraddha Prime Projects Limited.

Regulatory Considerations

The company has stated that it meets all necessary regulatory requirements for this reclassification:

• Compliance with minimum public shareholding norms
• No suspension of trading in the company's equity shares
• No outstanding dues to SEBI, stock exchanges, or depositories

Next Steps

Shraddha Prime Projects will forward its recommendations to BSE Limited for approval. The reclassification is subject to the stock exchange's no-objection and other necessary approvals.

Market Implications

While this reclassification does not significantly alter the company's shareholding structure, it may be seen as a move towards simplifying the ownership structure and potentially improving market perception of the stock's free float.

Investors and market participants are advised to monitor further announcements from the company and regulatory bodies regarding the final approval of this reclassification request.