Shraddha Prime Projects Limited has officially submitted its postal ballot notice to BSE Limited under Regulation 34 of SEBI Listing Regulations, seeking shareholder approval for significant corporate actions through remote e-voting. The company filed the notice on January 19, 2026, with the voting period scheduled from January 20, 2026, to February 18, 2026.

Capital Structure Enhancement Proposal

The primary resolution involves increasing the company's authorized share capital from ₹45.00 crores to ₹65.00 crores, representing a substantial ₹20.00 crores expansion. The board approved this recommendation at its meeting held on January 14, 2026, to enable future equity issuances including bonus issues, rights issues, or other fund-raising activities.

The capital increase will require consequential alteration of Clause V of the company's Memorandum of Association to reflect the new authorized capital structure.

Independent Director Appointment

The second resolution addresses the appointment of Mr. Ashok Uttam Chandanshive as an Independent Director. The board initially appointed him as an Additional Director on January 14, 2026, and now seeks shareholder ratification for his regular appointment.

Mr. Chandanshive brings over 10 years of professional experience as Proprietor of M/s Ashok Chandanshive & Co., with expertise in banking, NBFC advisory, consulting, corporate law, finance, and taxation. He previously worked as a Senior Associate for six years at Shankaralal Jain & Associates.

E-Voting Process and Timeline

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process, with Ms. Neeta H. Desai appointed as the scrutinizer. The postal ballot notice is available on the company's website and BSE platform for shareholder access.

Regulatory Compliance

The postal ballot process complies with Section 110 of the Companies Act, 2013, and relevant SEBI regulations. Managing Director Mr. Sudhir Balu Mehta signed the notice, emphasizing the board's commitment to these strategic initiatives. The resolutions, if passed by requisite majority, will be deemed effective from February 18, 2026.

Voting rights will be determined based on shareholding as on the cut-off date of January 16, 2026. The company has made comprehensive e-voting instructions available for different categories of shareholders to ensure accessibility for all eligible members.

Shraddha Prime Projects Limited has announced its plan to form a Development Agreement with M/s Vedas Corporation, a proprietary concern, for a new real estate project in Mumbai. The company informed the Bombay Stock Exchange about this significant development on January 5, 2025, as part of its regulatory compliance obligations.

Project Details

The new development project is strategically located in the Matunga Division of Mumbai, one of the city's well-established residential areas. The project specifications demonstrate the company's focus on prime urban locations for its development activities.

Regulatory Compliance

The announcement was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to disclose material events and information that could impact investor decisions.

The disclosure was formally communicated to the Corporate Relationship Department of the Bombay Stock Exchange Limited, where the company trades under the symbol "SHRADDHA" with script code 531771. Managing Director Sudhir Balu Mehta (DIN: 02215452) signed the official communication on behalf of the company.

Strategic Significance

This development agreement represents Shraddha Prime Projects Limited's continued expansion in Mumbai's real estate market. The Matunga area, being part of the central Mumbai region, offers strategic advantages for residential and commercial development projects. The company's decision to partner with Vedas Corporation indicates its approach to collaborative development in prime urban locations.

The formal announcement ensures transparency with stakeholders and maintains the company's commitment to regulatory compliance while pursuing growth opportunities in Mumbai's competitive real estate sector.