Shraddha Prime Projects Receives BSE Approval for Promoter Reclassification to Public Category

Shraddha Prime Projects Limited has announced a significant development in its shareholding structure. The company has received a no-objection letter from the BSE (Bombay Stock Exchange) for reclassifying nine promoters and promoter group members to the public category under SEBI Listing Regulations 31A.

Key Details of the Reclassification

The reclassification affects key stakeholders, including:

Name	Pre-Reclassification Category	Post-Reclassification Category
Omprakash Jutharambansal	Promoter	Public
Satyanarayanbansal	Promoter	Public
Seven other promoter group members	Promoter Group	Public

Implications and Compliance

This reclassification marks a significant change in Shraddha Prime Projects' shareholding structure and aligns with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Considerations

The approval from BSE indicates that the company has met the necessary regulatory requirements for this reclassification, including:

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

Market Implications

While the specific shareholding percentages of the reclassified individuals are not provided, this move may be seen as a step towards simplifying the ownership structure and potentially improving market perception of the stock's free float.

Investors and market participants should note that this reclassification has received the necessary no-objection from BSE, marking a crucial step in the process of changing the company's shareholding categorization.

Further details about the implications of this reclassification on the overall shareholding structure may be released by the company in subsequent announcements.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.52%	-1.91%	-3.24%	+33.98%	+93.66%	+9,511.11%

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

Item	Value
Dividend Amount	Re. 0.20 per equity share
Face Value	Rs. 10.00 per equity share
Dividend Percentage	2.00% of face value
Record Date	September 24, 2025
Payment Date	On or before October 16, 2025 (subject to AGM approval)

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:

Adoption of audited standalone and consolidated financial statements
Declaration of the final dividend
Confirmation of interim dividend payment
Appointment of directors retiring by rotation
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.