Reported Earnings • May 30
Full year 2026 earnings released: EPS: ₹13.21 (vs ₹6.10 in FY 2025) Full year 2026 results: EPS: ₹13.21 (up from ₹6.10 in FY 2025). Revenue: ₹5.21b (up 235% from FY 2025). Net income: ₹538.6m (up 119% from FY 2025). Profit margin: 10% (down from 16% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 150% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 18
Shraddha Prime Projects Limited to Report Q4, 2026 Results on May 28, 2026 Shraddha Prime Projects Limited announced that they will report Q4, 2026 results on May 28, 2026 Announcement • Mar 24
Shraddha Prime Projects Limited has filed a Follow-on Equity Offering in the amount of INR 970 million. Shraddha Prime Projects Limited has filed a Follow-on Equity Offering in the amount of INR 970 million.
Security Name: Equity Shares
Security Type: Common Stock
Transaction Features: Regulation S; Rights Offering Board Change • Feb 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Non-executive Independent Director Kapil Purohit was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 17
Shraddha Prime Projects Limited Announces Resignation of Ankita Gupta, Non-Executive Independent Director, Effective February 14, 2026 Shraddha Prime Projects Limited to take on record the resignation tendered by Ms. Ankita Gupta, Non-Executive Independent Director of the Company, with effect from the close of business hours on February 14, 2026. Resignation due to Professional commitments and personal reason and there is no other material reason for resignation. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹3.30 (vs ₹2.28 in 3Q 2025) Third quarter 2026 results: EPS: ₹3.30 (up from ₹2.28 in 3Q 2025). Revenue: ₹1.29b (up 195% from 3Q 2025). Net income: ₹137.0m (up 51% from 3Q 2025). Profit margin: 11% (down from 21% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has increased by 165% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 02
Shraddha Prime Projects Limited to Report Q3, 2026 Results on Feb 14, 2026 Shraddha Prime Projects Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 14, 2026 Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹2.00 (vs ₹1.82 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.00 (up from ₹1.82 in 2Q 2025). Revenue: ₹1.38b (up 267% from 2Q 2025). Net income: ₹87.4m (up 20% from 2Q 2025). Profit margin: 6.3% (down from 19% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has increased by 197% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹219, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 36x in the Real Estate industry in India. Total returns to shareholders of 2,526% over the past three years. Announcement • Oct 27
Shraddha Prime Projects Limited to Report Q2, 2026 Results on Nov 14, 2025 Shraddha Prime Projects Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 14, 2025 Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹189, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 37x in the Real Estate industry in India. Total returns to shareholders of 2,161% over the past three years. Reported Earnings • Aug 16
First quarter 2026 earnings released First quarter 2026 results: Revenue: ₹587.0m (up 125% from 1Q 2025). Net income: ₹88.5m (up 460% from 1Q 2025). Profit margin: 15% (up from 6.1% in 1Q 2025). The increase in margin was driven by higher revenue. Announcement • Jul 29
Shraddha Prime Projects Limited to Report Q1, 2026 Results on Aug 12, 2025 Shraddha Prime Projects Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹169, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 36x in the Real Estate industry in India. Total returns to shareholders of 2,234% over the past three years. New Risk • Jun 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (48% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹6.01b market cap, or US$70.0m). Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹9.87 (vs ₹2.16 in FY 2024) Full year 2025 results: EPS: ₹9.87 (up from ₹2.16 in FY 2024). Revenue: ₹1.60b (up 91% from FY 2024). Net income: ₹246.4m (up 277% from FY 2024). Profit margin: 15% (up from 7.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has increased by 180% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹159, the stock trades at a trailing P/E ratio of 56.5x. Average trailing P/E is 34x in the Real Estate industry in India. Total returns to shareholders of 2,202% over the past three years. Announcement • May 13
Shraddha Prime Projects Limited to Report Q4, 2025 Results on May 27, 2025 Shraddha Prime Projects Limited announced that they will report Q4, 2025 results on May 27, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹152, the stock trades at a trailing P/E ratio of 53.9x. Average trailing P/E is 32x in the Real Estate industry in India. Total returns to shareholders of 2,205% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹132, the stock trades at a trailing P/E ratio of 47x. Average trailing P/E is 31x in the Real Estate industry in India. Total returns to shareholders of 1,910% over the past three years. Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: ₹4.55 (vs ₹2.59 in 3Q 2024) Third quarter 2025 results: EPS: ₹4.55. Revenue: ₹451.8m (up 16% from 3Q 2024). Net income: ₹90.8m (down 13% from 3Q 2024). Profit margin: 20% (down from 27% in 3Q 2024). The decrease in margin was driven by higher expenses. Announcement • Feb 04
Shraddha Prime Projects Limited to Report Q3, 2025 Results on Feb 14, 2025 Shraddha Prime Projects Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Board Change • Dec 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Non-executive Independent Director Kapil Purohit was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 07
Shraddha Prime Projects Limited Announces Resignation of Nimisha Soni as Independent Director, Effective on December 9, 2024 Shraddha Prime Projects Limited announced that Ms. Nimisha Soni (DIN: 094622999) has tendered her resignation as an independent director of the Company, effective from the close of business hours on December 9, 2024. Resignation due to Personal and Unavoidable Circumstances. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹182, the stock trades at a trailing P/E ratio of 48.8x. Average trailing P/E is 34x in the Real Estate industry in India. Total returns to shareholders of 1,424% over the past three years. Announcement • Oct 31
Shraddha Prime Projects Limited to Report Q2, 2025 Results on Nov 14, 2024 Shraddha Prime Projects Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Board Change • Oct 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Women Director Nimisha Soni was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 17
Shraddha Prime Projects Limited Announces Resignation of Rohit Agarwal as an Independent Director Shraddha Prime Projects Limited announced that Mr. Rohit Agarwal has tendered his resignation as an independent director of the company, with effect from close of business hours on October 16, 2024 due to personal and unavoidable circumstances. New Risk • Oct 14
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 0.2% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Profit margins are more than 30% lower than last year (7.0% net profit margin). Market cap is less than US$100m (₹3.27b market cap, or US$39.0m). Announcement • Sep 25
Shraddha Prime Projects Limited's Shraddha Pratham Project Receives Cc, Following Successful Project Launch Shraddha Prime Projects Limited announced that recently launched project, Shraddha Pratham located at Magathane, Borivali East, Mumbai has received Commencement certificate (CC) from Maharashtra Housing and Area Development Authority (MHADA). The project is anticipated to be delivered by August 2027 and has a Gross Development Value (GDV) of approximately INR 4.00 billion. The proposed saleable area of the project is 1,32,500 sq. ft. as per RERA. Announcement • Aug 15
Shraddha Prime Projects Limited Approves the Appointment of Mehul Bharvalia as Chief Executive Officer Shraddha Prime Projects Limited at the Nomination and Remuneration Committee Meeting held on 12 August, 2024, have approved the appointment of Mr. Mehul Bharvalia as the Chief Executive Officer (CEO) of the Company with effect from 12 August, 2024. Qualification: B.Com. Mehul Barvalia is a seasoned professional with over 25 years of distinguished experience in the Real Estate sector. A graduate from Mumbai University, he began his career as an Apparel Exporter before transitioning into Real Estate, where he has made significant strides. Throughout his career, Mehul has successfully managed extensive projects in SRA Redevelopment, Mhada Redevelopment, and Society Redevelopment, demonstrating a deep understanding of urban redevelopment dynamics. His expertise extends beyond urban settings, as he is proficient in Agriculture Land Aggregation, particularly in the outskirts of cities, which is ideal for warehousing projects. Mehul Barvalia's career is marked by a commitment to excellence and a track record of delivering high-quality projects that meet both community needs and market demands. Announcement • Aug 13
Shraddha Prime Projects Limited, Annual General Meeting, Sep 26, 2024 Shraddha Prime Projects Limited, Annual General Meeting, Sep 26, 2024. New Risk • Aug 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.0% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Profit margins are more than 30% lower than last year (7.0% net profit margin). Market cap is less than US$100m (₹2.97b market cap, or US$35.4m). Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹0.77 (vs ₹1.27 in 1Q 2024) First quarter 2025 results: EPS: ₹0.77. Revenue: ₹270.2m (up ₹241.5m from 1Q 2024). Net income: ₹15.8m (up 177% from 1Q 2024). Profit margin: 5.9% (down from 20% in 1Q 2024). The decrease in margin was driven by higher expenses. Announcement • Jul 29
Shraddha Prime Projects Limited to Report Q1, 2025 Results on Aug 12, 2024 Shraddha Prime Projects Limited announced that they will report Q1, 2025 results at 3:30 PM, Indian Standard Time on Aug 12, 2024 New Risk • Jul 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (60% accrual ratio). Shareholders have been substantially diluted in the past year (343% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₹2.28b market cap, or US$27.3m). Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹93.00, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 32x in the Real Estate industry in India. Total returns to shareholders of 168% over the past year. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹104, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 32x in the Real Estate industry in India. Total returns to shareholders of 954% over the past three years. Valuation Update With 7 Day Price Move • May 25
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹132, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 1,262% over the past three years. Announcement • May 10
Shraddha Prime Projects Limited to Report Q4, 2024 Results on May 22, 2024 Shraddha Prime Projects Limited announced that they will report Q4, 2024 results on May 22, 2024 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹181, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 31x in the Real Estate industry in India. Total returns to shareholders of 3,886% over the past three years. Announcement • Feb 03
Shraddha Prime Projects Limited to Report Q3, 2024 Results on Feb 12, 2024 Shraddha Prime Projects Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹98.43, the stock trades at a trailing P/E ratio of 53.7x. Average trailing P/E is 29x in the Real Estate industry in India. Total returns to shareholders of 2,087% over the past three years. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹49.00, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 26x in the Real Estate industry in India. Total returns to shareholders of 989% over the past three years. Announcement • Oct 28
Shraddha Prime Projects Limited to Report Q2, 2024 Results on Nov 13, 2023 Shraddha Prime Projects Limited announced that they will report Q2, 2024 results on Nov 13, 2023 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹42.46, the stock trades at a trailing P/E ratio of 62.1x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 599% over the past three years. Announcement • Aug 16
Shraddha Prime Projects Limited, Annual General Meeting, Sep 28, 2023 Shraddha Prime Projects Limited, Annual General Meeting, Sep 28, 2023. Announcement • Aug 03
Shraddha Prime Projects Limited to Report Q1, 2024 Results on Aug 14, 2023 Shraddha Prime Projects Limited announced that they will report Q1, 2024 results on Aug 14, 2023 New Risk • Jul 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 343% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (152% accrual ratio). Shareholders have been substantially diluted in the past year (343% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Revenue is less than US$5m (₹86m revenue, or US$1.0m). Market cap is less than US$100m (₹829.8m market cap, or US$10.1m). New Risk • Jul 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 365% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. High level of non-cash earnings (152% accrual ratio). Shareholders have been substantially diluted in the past year (365% increase in shares outstanding). Market cap is less than US$10m (₹708.3m market cap, or US$8.62m). Minor Risk Revenue is less than US$5m (₹86m revenue, or US$1.0m). Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹25.96, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 29x in the Real Estate industry in India. Total returns to shareholders of 311% over the past three years. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹1.11 (vs ₹0.68 loss in FY 2022) Full year 2023 results: EPS: ₹1.11 (up from ₹0.68 loss in FY 2022). Revenue: ₹86.2m (up ₹85.5m from FY 2022). Net income: ₹4.92m (up ₹8.01m from FY 2022). Profit margin: 5.7% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Board Change • May 29
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Chairman & MD Sudhir Mehta is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • May 19
Shraddha Prime Projects Limited to Report Q4, 2023 Results on May 30, 2023 Shraddha Prime Projects Limited announced that they will report Q4, 2023 results on May 30, 2023 Board Change • May 02
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Chairman & MD Sudhir Mehta is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Mar 13
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Chairman & MD Sudhir Mehta is the most experienced director on the board, commencing their role in 2021. Non-Executive Independent Women Director Nimisha Soni was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 17
Third quarter 2023 earnings released: ₹0.04 loss per share (vs ₹0.14 loss in 3Q 2022) Third quarter 2023 results: ₹0.04 loss per share (improved from ₹0.14 loss in 3Q 2022). Net loss: ₹161.0k (loss narrowed 75% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Board Change • Feb 13
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Chairman & MD Sudhir Mehta is the most experienced director on the board, commencing their role in 2021. Non-Executive Independent Women Director Nimisha Soni was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Feb 01
Shraddha Prime Projects Limited to Report Q3, 2023 Results on Feb 14, 2023 Shraddha Prime Projects Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Board Change • Jan 09
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Chairman & MD Sudhir Mehta is the most experienced director on the board, commencing their role in 2021. Non-Executive Independent Women Director Nimisha Soni was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Nov 21
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Chairman & MD Sudhir Mehta is the most experienced director on the board, commencing their role in 2021. Non-Executive Independent Women Director Nimisha Soni was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Nov 03
Shraddha Prime Projects Limited to Report Q2, 2023 Results on Nov 14, 2022 Shraddha Prime Projects Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Board Change • Oct 10
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Chairman & MD Sudhir Mehta is the most experienced director on the board, commencing their role in 2021. Additional Non-Executive Independent Women Director Nimisha Soni was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Sep 13
Shraddha Prime Projects Limited Announces Resignation of Directors Shraddha Prime Projects Limited announced that Mr. Rajesh Balu Mehta (DIN 02982220) has resigned from the post of the Whole-time Director of the Company with effect from 17 August 2022 due to his pre-occupation, however he will be continuing as a Director of the Company. Mr. Surendra Shah (DIN 09262753) has also resigned as an Independent Director with effect from 5th September 2022 due to his advanced age coupled with health issues. Further, the Company has received confirmation from both Mr. Rajesh Balu Mehta (DIN 02982220) and Mr. Surendra Shah (DIN 09262753) that there are no other material reasons for their resignation other than those which is provided in their resignation letters. The Company has accepted their resignations in the Board Meeting held on September 12, 2022. Board Change • Sep 05
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Chairman & MD Sudhir Mehta is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Aug 11
Shraddha Prime Projects Limited, Annual General Meeting, Sep 28, 2022 Shraddha Prime Projects Limited, Annual General Meeting, Sep 28, 2022. Agenda: To consider and adopt accounts; to take on record appointment of Auditors; and to consider confirmation of appointment of Independent Directors. Announcement • Jul 28
Shraddha Prime Projects Limited to Report Q1, 2023 Results on Aug 10, 2022 Shraddha Prime Projects Limited announced that they will report Q1, 2023 results on Aug 10, 2022 Board Change • Jun 13
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Chairman & MD Sudhir Mehta is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jun 03
Shraddha Prime Projects Limited Announces Changes in Company Secretary and Compliance Officer Shraddha Prime Projects Limited informed that Ms. Krati Patel, has resigned from the post of the Company Secretary and Compliance Officer of the Company with effect from 01 June, 2022. Further informed that, Mrs. Neha Bharat Chhatbar has been appointed as Company Secretary and Compliance Officer of the Company, with effect from 01 June, 2022. Announcement • May 20
Shraddha Prime Projects Limited to Report Fiscal Year 2022 Results on May 26, 2022 Shraddha Prime Projects Limited announced that they will report fiscal year 2022 results on May 26, 2022 Board Change • Apr 04
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Chairman & MD Sudhir Mehta is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 18
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.14 loss per share (up from ₹0.17 loss in 3Q 2021). Net loss: ₹633.0k (loss narrowed 16% from 3Q 2021). Revenue was in line with analyst estimates. Board Change • Feb 14
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Chairman & MD Sudhir Mehta is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Feb 08
Shraddha Prime Projects Limited to Report Q3, 2022 Results on Feb 14, 2022 Shraddha Prime Projects Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Reported Earnings • Nov 23
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: ₹0.32 loss per share (down from ₹0.09 loss in 2Q 2021). Net loss: ₹1.48m (loss widened 267% from 2Q 2021). Revenue was in line with analyst estimates. Board Change • Oct 13
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). CFO & Whole Time Director Vishal Salecha is the most experienced director on the board, commencing their role in 2021. Additional Non-Executive Independent Director Rohit Agrawal was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Feb 18
Sudhir Mehta signed a share purchase agreement to acquire 71.25% stake in Towa Sokki Limited (BSE:531771) from O.J. Bansal, S.J. Bansal, Sushila O. Bansal and Suman S. Bansal for INR 19.5 million. Sudhir Mehta signed a share purchase agreement to acquire 71.25% stake in Towa Sokki Limited (BSE:531771) from O.J. Bansal, S.J. Bansal, Sushila O. Bansal and Suman S. Bansal for INR 19.5 million on February 17, 2021. As per terms of transaction, consideration will be in cash. Sudhir Mehta will acquire 3.245 million shares of Towa Sokki Limited at INR 6 per share. O.J. Bansal will sell 1.0662 million shares representing 23.41% stake, S.J. Bansal 0.7145 million share representing 15.69% stake, Sushila O. Bansal 0.6715 million share representing 14.74% stake and Suman S. Bansal 0.7928 million share representing 17.41% stake. In a related transaction, Sudhir Mehta made an open offer to acquire 26% stake in Towa Sokki Limited for INR 7.1 million on February 17, 2021. Transaction is subject to completion of customary closing conditions. Beeline Broking Limited acted as manager to Sudhir Mehta. Reported Earnings • Feb 01
Third quarter 2021 earnings released: ₹0.17 loss per share (vs ₹0.05 loss in 3Q 2020) Third quarter 2021 results: Net loss: ₹756.0k (loss widened 202% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jan 22
Towa Sokki Limited to Report Q3, 2021 Results on Jan 29, 2021 Towa Sokki Limited announced that they will report Q3, 2021 results on Jan 29, 2021 
