Shraddha Prime Projects Limited, formerly known as Towa Sokki Limited, has scheduled a board meeting on December 9, 2024, to consider a significant proposal regarding the issuance of bonus shares. The Board of Directors will meet at the company's registered office at A-309, Kanara Business Centre Premises, Link Road, Laxmi Nagar, Ghatkopar (East), Mumbai. This meeting is set to discuss the issuance of bonus shares, a decision that is crucial for enhancing shareholder value and aligning with the company’s growth strategies.

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Bonus shares are typically issued by companies to reward their shareholders by providing additional shares without any cost. The proposal under consideration will be aligned with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which governs such actions by publicly listed companies.

In addition to the proposal regarding bonus shares, the board meeting will also cover any other business that may arise, subject to the Chairman’s permission. This is a standard provision allowing the board to discuss and make decisions on matters that require immediate attention or strategic consideration.

The company has been progressing in its operations and development, and the decision to issue bonus shares is expected to further strengthen its position in the market. The issuance will potentially provide liquidity and bolster investor confidence, as it reflects positively on the company’s financial health and future prospects.

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