Shraddha Prime Projects Ltd — Important, 24-12-2025: Company Update

Shraddha Prime Projects' board has approved and allotted unlisted, secured, redeemable Non-Convertible Debentures (NCDs) through a private placement. The company reaffirmed the issuance of NCDs up to 63 Cr and approved the immediate allotment of NCDs worth 58 Cr. These unlisted NCDs come with a 20.04% coupon interest, a 22% Internal Rate of Return (IRR) or 1.3X redemption, and a 36-month tenor. This capital raise impacts the company's debt structure.