Shraddha Prime Projects Ltd

Atharva Ventures Private Limited

• Atharva Ventures Private Limited specializes in residential real estate development in India.
• Incorporated on 22 July 2010.
• Acquisition of 91% equity for up to ₹91,000.
• Not a related party transaction.
• The industry is developing real estate projects.
• Rationale: expand footprint and consolidate real estate assets.
• No governmental approvals required.
• Completion target: on or before 20 August 2026.
• Post-transaction holding: 91% of AVPL.
• Turnover was ₹0 in FY 2022-23 to 2024-25.

Shraddha Life Spaces Private Limited

• Shraddha Life Spaces Private Limited specializes in residential real estate development in India.
• Incorporated on 25 March 2014.
• Turnover was ₹0 in FY 2022-23 to 2024-25.
• Authorized capital ₹10 crore; paid-up ₹9.41 crore.
• Acquisition of 100% equity for ₹10,36,98,200.
• Related party transaction due to promoter's interest.
• Promoter's interest; transaction at arm's length.
• Rationale: expands real estate footprint and consolidates assets.
• No governmental approvals required.
• Completion target: on or before 20 August 2026.
• Background: incorporated 25 March 2014; focuses on residential development.
• Presence: India.

NSE trading admission

• Shraddha Prime Projects Limited commenced trading on NSE from 17 August 2026 under the Permitted to Trade category.
• The designated trading code is SHRADDHA and the market lot is 1.
• NSE notification dated 14 August 2026 permitted the listing to trade on NSE.

Financial highlights (Q1 FY27)

• Operational revenue rose to ₹13,357.95 lakh (+127.6% YoY).
• EBITDA ₹2,444.19 lakh; EBITDA margin 18.30%.
• PAT ₹1,928.02 lakh; PAT margin 14.43%.
• Diluted EPS ₹4.78.

Operational milestones

• Commencement Certificate received for Shraddha Phoenix redevelopment at Mulund East.
• Commencement Certificate received for Shraddha Paradise Enclave, Mulund West.
• Upcoming Avyukta Imperial premium development in Matunga East via Roop Ventures LLP.
• Expansion across Mumbai micro-markets across redevelopment, SRA, MHADA, and residential segments.

Business Overview

• Redevelopment specialist in Mumbai with asset-light end-to-end execution.
• Shifting to pan-Mumbai premium housing; expanding Western Suburbs and Thane.
• In-house platform covers sourcing, approvals, construction, and sales.
• 49+ completed projects; presence across 10+ micromarkets.

Key Operational Highlights

• Commencement Certificates received for Shraddha Phoenix and Paradise Enclave.
• FY26 New Projects Added: 6; Combined GDV: ₹900 Cr.
• Avyukta Imperial premium redevelopment announced in Matunga East.
• GDV pipeline ₹2,500 Cr provides long-term revenue visibility.
• Ongoing portfolio across 10+ micromarkets; pan-Mumbai expansion.

Financial Performance

• Q1 FY27 revenue from operations ₹13,357.95 Lakhs; YoY growth 127.6%.
• EBITDA ₹2,444.19 Lakhs; margin 18.30%.
• PAT ₹1,928.02 Lakhs; margin 14.43%.
• Diluted EPS ₹4.78.

Capital Structure & Liquidity

• Long-term borrowings ₹25,079.79 Lakhs; short-term borrowings ₹1,079.53 Lakhs.
• Cash and cash equivalents ₹3,397.69 Lakhs.
• Equity share capital ₹4,229.37 Lakhs; Other equity ₹8,973.01 Lakhs; Non-controlling ₹451.59 Lakhs.

Strategic Priorities & Outlook

• Maintain execution momentum; strengthen project pipeline.
• Expand pan-Mumbai redevelopment footprint; focus on Western Suburbs, Thane, South Mumbai.
• Advance Avyukta Imperial to enhance premium housing realizations.
• Continue asset-light redevelopment to improve cash flows and ROCE.

Risks & Mitigation

• Regulatory approvals/rehabilitation complexities; mitigated by diversified micro-markets.
• Dependence on housing society partnerships; mitigated by in-house platform and relationships.
• Market pricing dynamics; mitigated by premiumisation and targeted micro-markets.

Governance & Leadership

• Board: Sudhir Mehta (MD); Independent Directors: Kapil Purohit, Santosh Samant, Ashok Chandanshive, Shivangi Datta.
• CFO: Dhruv Mehta; senior leadership detailed in presentation.

AGM details

• Book closure window: 22 Sep 2026 to 28 Sep 2026.
• Record date: 21 Sep 2026.
• AGM purpose: Annual General Meeting.

AGM Details

• 34th AGM fixed for Monday, 28 September 2026.
• Book closure from Tuesday, 22 September 2026 to Monday, 28 September 2026 (inclusive).

Dematerialisation/rematerialisation status

• Certificate under Reg 74(5) forwarded; processing details not disclosed.

FY26 results

• Revenue from operations rose 226.74% to ₹508.4 crore in FY26.
• FY26 EBITDA was ₹66.28 crore with 13.04% margin.
• FY26 PAT increased to ₹53.39 crore with 10.50% margin.
• Q4 FY26 revenue was ₹186.3 crore, up 286.99% year-on-year.
• Q4 FY26 EBITDA was ₹23.5 crore and PAT was ₹23.3 crore.

Operational update

• Running project GDV reached approximately ₹2,500 crore, six times FY23-24.
• Projected GDV pipeline for FY27 is approximately ₹5,000 crore.
• Company received commencement certificates for Pratham by Shraddha and Shraddha Paradise Enclave.
• Active pipeline includes 12 projects across Mumbai Metropolitan Region.
• Four new projects with combined GDV of about ₹900 crore were signed or launched.

Management outlook

• Company is expanding into premium housing and Western Mumbai micro-markets.
• Management expects redevelopment opportunities from urban transformation, infrastructure growth, and housing demand.