Shradha Infraprojects Limited — Important, 24-04-2025: General Updates

Suntech Infraestate Nagpur Private Limited, a wholly owned subsidiary of Shradha Infraprojects Limited, has confirmed the full satisfaction of a charge related to a Rupee Term Loan Facility of Rs 35 Crores from ICICI Bank. This financing was utilized for the development of "Riaan House-II," a commercial project comprising a single tower with an approximate carpet area of 78,629 sq. ft. The charge was secured by an exclusive lien on the property. All necessary filings regarding the charge satisfaction have been completed with the Registrar of Companies. This development may enhance the subsidiary's financial flexibility and could provide a positive outlook for future projects.