Avishkar Infra Eyes Bigger Slice of Shraddha Mangalsmruti LLP in Strategic Bet

Avishkar Infra Realty Ltd is set to deepen its investment in the real estate development space with a proposal to increase its stake in Shraddha Mangalsmruti LLP from 10% to 50%, as approved during its board meeting on June 30, 2025. The move signals the company’s intent to gain greater operational control and financial participation in the LLP’s ongoing and future projects.

 

Shraddha Mangalsmruti LLP is engaged in residential and mixed-use developments, and the increased stake is expected to enhance Avishkar’s influence over project execution, revenue sharing, and strategic planning. The investment is part of Avishkar’s broader push to consolidate its presence in high-growth urban corridors, particularly in Maharashtra.

 

The board also approved the appointment of Prashil Shah and Bikash Tarafdar as Additional Independent Directors, strengthening governance as the company scales its partnership ventures. Additionally, M/s. Megha Kamal Samdani has been appointed as the Secretarial Auditor, subject to shareholder approval in the upcoming AGM.

 

This development follows a series of strategic investments by Avishkar Infra in LLPs and joint ventures, including recent moves in Jigna Development Corporation and Surbhi Avishkar Buildcon. The company continues to focus on asset-light expansion, leveraging partnerships to unlock value in land parcels and redevelopment opportunities.

 

With this proposed stake hike, Avishkar Infra is not just investing in a project—it’s doubling down on its vision to shape urban living through collaborative growth.

 

Sources: Moneycontrol, Economic Times, Trendlyne