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 meeting commenced at 3:30 P.M. and concluded at 4:00 P.M. (IST).
A Rights Issue Committee has been constituted to consider and decide on the specifics of the rights issue, including the rights issue price, entitlement ratio, and record date.
The details of the rights issue are as follows:
| Particulars | Description | |
|---|---|---|
| 1 | Type of securities proposed to be issued | Equity shares |
| 2 | Type of Issuance | Rights Issue |
| 3 | Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately) | 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 |
| 4 | In case of preferential issue, the listed entity shall disclose the following additional details to the stock exchange(s): a) Name of the Investor b) Post allotment of securities- outcome of the subscription, issue price / allotted price (in case of convertibles), number of investors c) in case of convertibles intimation on conversion of securities or on lapse of the tenure of the instrument | Not Applicable |
| 5 | In case of bonus issue the listed entity shall disclose the following additional details to the stock exchange(s) | Not Applicable |
| 6 | In case of issuance of depository receipts (ADR/GDR) or FCCBthe listed entity shall disclose following additional details to the stock exchange(s) | Not Applicable |
| 7 | In case of issuance of debt securities or other non- convertible securities the listed entity shall disclose following additional details to the stock exchange(s) | Not Applicable |
| 8 | Any cancellation or termination of proposal for issuance of securities including reasons thereof | Not Applicable |
The information will also be available on the company’s website at www.shraddhaprimeprojects.in.
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