Shraddha Prime Projects to raise funds via debentures

Shraddha Prime Projects Ltd. has announced a board meeting scheduled for Friday, November 21, 2025, to consider a proposal for fund raising. The meeting will be held in Mumbai.

The primary agenda is to approve the issuance of secured redeemable non-convertible debentures (NCD) to raise up to Rs. 60 crores. These NCDs will have a face value of Rs. 100,000 each and will be offered to investors falling under the non-promoter category.

This intimation was made as per Regulation 29(1) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The company's managing director, Sudhir Mehta, signed the announcement, which also indicated that any other business with the chairman's permission would be considered.