Shankara Building Products Limited has informed the Exchange regarding 'Winding Up Of Subsidiary Company Domiciled In Singapore'.
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Awaiting price reaction for this filing.
Shankara Building Products Limited has informed exchanges that its non-operating subsidiary, Steel Network Holdings Pte Limited, domiciled in Singapore, has completed winding up and been liquidated with effect from December 26, 2025. The company received the official certificate of dissolution from the Singapore regulatory authority on January 4, 2026. The subsidiary contributed nil to the company's turnover, revenue, income, and net worth in the last financial year. No consideration was received from this liquidation, and no buyer was involved since it was a winding up rather than a sale.
This is a routine housekeeping exercise with no material financial impact on shareholders, as the subsidiary was non-operating and had no contribution to revenue or net worth. The stock price is unlikely to be affected.