Shraddha Prime Projects approves ₹96.96 crore rights issue

What happened

Shraddha Prime Projects (SHRADDHA) told the exchanges on 7 October 2026 at 05:41 PM that it has approved rights issue of ₹96.96 crore.

From the filing: "A copy of the Press Release titled "Shraddha Prime Projects Announces Rights Issue of ₹ 96.96 Crore to Support Next Phase of Growth" is enclosed herewith for your records and dissemination."

How big is it?

At ₹96.96 crore, the issue is equal to about 14.7% of the company's market value of ₹660 crore.

Company snapshot

Shraddha Prime Projects is a micro-cap company, with a market value of about ₹660 crore.

The stock last traded at ₹163.3, against a 52-week range of ₹142–₹179 (8.8% below the high).

Before this filing the shares had moved +6.5% over the month. Average daily turnover over the last 20 sessions was about ₹0.18 crore.

Promoters held 74.78% at the end of Q1 FY27; 23.17% of promoter shares were pledged.

What history shows

BCEIE's records show 2 previous fund raising filings from the company since May 2026.

Market-wide, 1,515 fund raising filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 48% rising.

Past reactions describe what happened before; they are not a forecast.

What to watch

• How the money raised is used and, for equity instruments, the dilution for existing shareholders.

In the news

Recent coverage elsewhere (links open the original publisher):

• Shraddha Prime Projects schedules 34th AGM for September 28, 2026 — scanx.trade, 29 Sept 2026
• Shraddha Prime Projects Ltd. Key Financial Ratios – Valuation, Profitability & More — Value Research, 29 Sept 2026
• Shraddha Prime Projects announces Rs. 96.96 Crore Rights Issue — EquityBulls, 3 Oct 2026
• Shraddha Prime Projects updates official email address for all communications — scanx.trade, 23 Sept 2026
• Shraddha Prime board approves rights issue of 60.60 lakh shares at ₹160 — scanx.trade, 1 Oct 2026

Source

• Exchange filing (PDF)