Shankara Building Products Ltd

The Committee of Independent Directors of Shankara Building Products Ltd has submitted its recommendations regarding an open offer made by The Ballygunge Family Trust and associated parties (PACs). The offer aims to acquire up to 63,04,825 equity shares, representing 26.00% of the paid-up equity share capital, at a price of ₹150 per share. This open offer is being made in compliance with SEBI (SAST) Regulations, 2011. The filing also includes unrelated information about Atharva Poly-Plast Limited's upcoming AGM, dividend policy, and e-voting procedures.

Corporate Professionals Capital Pvt Ltd, acting as Manager to the Offer, has submitted a Letter of Offer to the public shareholders of Shankara Building Products Ltd. The offer is made by The Ballygunge Family Trust, along with Mr. Sukumar Srinivas, Ms. Parwathi Srikanth Mirlay, Mr. Dhananjay Mirlay Srinivas, and Shankara Holdings Private Limited (collectively 'PACs'). They intend to acquire up to 63,04,825 equity shares, representing 26.00% of the paid-up equity share capital, at a price of ₹150 per share. This open offer is made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer opens on September 7, 2026, and closes on September 21, 2026. It is not subject to any minimum acceptance level and is not a competing offer.

Rajasthan Global Securities Private Limited (RGSPL), along with its Persons Acting in Concert (PAC), has increased its shareholding in Shankara Building Products Limited. The acquisition, made through open market purchases on August 12, 2026, resulted in an increase of its total stake to 14.24% from 13.60%. This disclosure is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The previous disclosure was on July 30, 2026, at 11.66% holding.

Shankara Building Products Limited announced its Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The board meeting where these results were approved was held on August 5, 2026. The financial results, along with the Limited Review Report from the Statutory Auditors, have been submitted. The company also made this information available on its website.

Rajasthan Global Securities Pvt Ltd (RGSPL) has revised its disclosure regarding its shareholding in Shankara Building Products Ltd. RGSPL, along with its Persons Acting in Concert (PACs), has increased its total shareholding to 28,28,000 equity shares, representing 11.66% of the total share capital. This increase of 2,00,000 shares (0.82%) was acquired through open market transactions on July 30, 2026. The previous disclosure was made on July 22, 2026, with a holding of 10.83%. The acquisition was completed on July 30, 2026, and the disclosure was made on July 31, 2026.

Rajasthan Global Securities Pvt Ltd (RGSPL) has acquired an additional 2,00,000 equity shares, representing 0.82% of the total share capital, in Shankara Building Products Ltd through open market transactions. This acquisition increases RGSPL's total holding, along with its PACs, from 10.56% to 11.66%. The previous disclosure was made on July 22, 2026, with a holding of 25,60,728 shares (10.56%). The latest acquisition occurred on July 30, 2026, and the disclosure was made on July 31, 2026. The total diluted share capital of Shankara Building Products Ltd remains unchanged at 2,42,49,326 equity shares.

Devarajulu Sethyamoorthi has disclosed the disposal of 5,00,000 equity shares of Shankara Building Products Limited, representing 2.06% of the total voting capital. This transaction, executed via the open market on July 29, 2026, reduces Sethyamoorthi's holding to 10,00,000 shares, or 4.12% of the total voting capital. The total diluted share capital of the company remains unchanged at INR 24,24,93,260. This disclosure is made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Corporate Professionals Capital Pvt Ltd, acting as the Manager to the Offer, has submitted a Draft Letter of Offer (DLOF) to the public shareholders of Shankara Building Products Ltd. The offer is made by The Ballygunge Family Trust, along with PACs (Mr. Sukumar Srinivas, Ms. Parwathi Srikanth Mirlay, Mr. Dhananjay Mirlay Srinivas, and Shankara Holdings Private Limited), to acquire up to 63,04,825 equity shares, representing 26.00% of the paid-up equity share capital. The offer price is set at INR 150 per equity share. This open offer is being made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer opens on September 07, 2026, and closes on September 21, 2026. It is not subject to any minimum acceptance level and is not a competing offer.

Shankara Building Products Ltd has announced that its Board of Directors will convene on August 5, 2026. The primary agenda item for this meeting is to consider and approve the Unaudited Financial Results, both standalone and consolidated, for the quarter ending June 30, 2026. Concurrently, the company has implemented a trading window closure for its directors, promoters, designated employees, and connected persons, effective from July 1, 2026, until 48 hours after the results are publicly disclosed. This notice is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shankara Building Products Limited has officially changed its Corporate Identification Number (CIN) following an alteration to its Memorandum of Association's Object Clause. This change was approved by shareholders at the Annual General Meeting on June 18, 2026, and subsequently recorded by the Registrar of Companies, Karnataka. The Ministry of Corporate Affairs has issued the new CIN. The previous CIN was L26922KA1995PLC018990, and the revised CIN is L24311KA1995PLC018990. This administrative update does not impact the company's operations or financial standing but reflects a formal change in its corporate structure documentation.