Shankara Building Products Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 24, 2025
SHANKARA · price
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Shankara Building Products held its 30th AGM on June 24, 2025 via video conferencing, attended by 49 members. FY25 total revenue grew 18% to ₹5,696.69 crores (highest ever), with EBITDA up 10% YoY, though PAT stood at ₹77 crores impacted by steel price volatility and higher interest costs. The Chairman highlighted that the proposed demerger of its core retail building materials business into wholly-owned subsidiary Shankara Buildpro Limited is in its final approval stages, with existing shareholders to receive 1:1 shares in the new entity. Six resolutions were passed, including adoption of FY25 audited results, declaration of final dividend, re-appointment of a director, appointment of a new Whole-time Director, and a special resolution to increase the Whole-time Director's remuneration. The company also noted 92 retail outlets as of March 2025 and 60% growth in the western region, now contributing 17% of revenue.
The pending demerger is the most material event for shareholders — each shareholder will hold shares in both the legacy entity and the new Shankara Buildpro, potentially unlocking value as each business focuses on its core. Revenue momentum is strong, but margin pressure from steel costs and interest rates is a watchpoint.