Founder and Managing Director Sukumar Srinivas passes away

CEO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

BUILDPRO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.0%Reaction day

₹175.20

prior close

₹160.01

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%-3.4% vs market

Trading & Distributors peers, median of 136sector+0.0%-2.0% vs sector

On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250 and 2.0 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+4.1

10m

+2.1

15m

+2.0

30m

+6.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0+1.4-3.4+0.0-2.0

Next day

+1.8+1.7+0.1-0.2+2.0

+4.6+3.9+0.7+0.4+4.2

+9.4pendingpending+0.6+8.8

+4.5pendingpending+0.4+4.1

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15d

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UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 136Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shankara Buildpro reported that founder, promoter and Managing Director Sukumar Srinivas died on 30 October 2026. He consequently ceased to be classified as a promoter. The filing provides no details about succession or the resulting promoter shareholding.

Likely market impact

The founder's death creates leadership and promoter holding uncertainty and may weigh on investor sentiment. No successor was announced.