Shraddha Prime Projects Ltd — Important, 19-08-2026: Company Update

Shraddha Prime Projects' Finance Committee has approved two key acquisitions to expand its real estate presence. The company will acquire 91% of Atharva Ventures Private Limited for up to ₹91,000, making it a subsidiary. Additionally, it will acquire 100% of Shraddha Life Spaces Private Limited for up to ₹10.37 Cr, establishing it as a wholly-owned subsidiary. These transactions aim to significantly increase Shraddha Prime Projects' footprint in the real estate market, consolidating its assets and enhancing its property development portfolio. The acquisition of Shraddha Life Spaces is a related party transaction, conducted at arm's length.