Shradha Infraprojects Limited Shareholders Approve Name Change and Acquisition
Shradha Infraprojects Limited announced the consolidated voting results from its Extraordinary General Meeting (EGM) held on Saturday, December 27, 2025. The meeting, conducted via video conferencing,...
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Why is Shradha Infraprojects Limited in the news today?
Shradha Infraprojects Limited (SHRADHA) is in the news due to the company's key proposals, including a name change and an acquisition, were approved by shareholders, indicating positive progress and shareholder confidence.
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Shradha Infraprojects Limited Shareholders Approve Name Change and Acquisition
December 29, 2025, 10:00 AM
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Shradha Infraprojects Limited announced the consolidated voting results from its Extraordinary General Meeting (EGM) held on Saturday, December 27, 2025. The meeting, conducted via video conferencing, saw shareholders approve two key resolutions.
The first resolution, an ordinary resolution, concerned the approval for the acquisition of preference shares of Suntech Infraestate Nagpur Private Limited from Riaan Ventures Private Limited. This transaction was classified as a Related Party Transaction. Promoters and promoter group abstained from voting on this resolution in accordance with SEBI regulations, while public non-institutional investors voted in favor, passing the resolution.
The second resolution, a special resolution, was to approve the change of the company's name from 'SHRADHA INFRAPROJECTS LIMITED' to 'SHRADHA REALTY LIMITED'. This resolution also passed with overwhelming support from both promoter and public shareholders.
The EGM was held following a record date of December 20, 2025. The Scrutinizer's Report, submitted by CS Riddhita Agrawal, confirmed the fair and transparent conduct of the e-voting process, which included remote e-voting and voting during the meeting. The results were declared on December 29, 2025.
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