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.

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.