Shraddha Prime Projects Ltd — Important, 28-02-2026: Company Update

Sudhir Balu Mehta, a promoter of Shraddha Prime Projects, has pledged 7 Cr equity shares, representing 17.33% of the company's total share capital. These shares are pledged with HDFC Bank as security for a loan availed by Shraddha Housing Projects Limited, a related entity where Mehta is a designated partner. This action changes the promoter's unencumbered holding from 74.78% to 57.45%. This substantial pledging of promoter shares is an important update for investors, reflecting a change in the promoter's stake status and potentially influencing market sentiment.