Shraddha Prime Projects Ltd. Announces Rights Issue of Up to ₹9,700 Lakhs
Mumbai, March 20, 2026 – Shraddha Prime Projects Ltd. (formerly Towa Sokki Limited) announced that its Board of Directors approved a rights issue of up to ₹9,700 lakhs.The Board constituted a Rights Issue Committee to oversee the specifics of the offering, including the rights issue price, ratio, record date, and timing.
The Board meeting commenced at 3:30 P.M. and concluded at 4:00 P.M. (IST).
Details of the rights issue are as follows:
| Particulars | Description |
|---|---|
| Type of securities proposed to be issued | Equity shares |
| Type of Issuance | Rights Issue |
| Total number of securities proposed to be issued or the total amount for which the securities will be issued | Issue of such number of securities at such a price as may be decided by the Board or the Committee thereof, for an aggregate amount not exceeding ₹ 9,700 lakhs (Rupees Nine Thousand Seven Hundred Lakhs only) on Right issue basis, to the eligible equity shareholders |
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.