Shankara Building Products Limited has informed the Exchange regarding ''.
SHANKARA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shankara Building Products Limited (SBPL) has informed shareholders about the post-demerger cost of acquisition split following the NCLT Bengaluru Bench's order on August 21, 2025 sanctioning the Scheme of Arrangement. Under the scheme, the Trading Business (Demerged Undertaking) is being transferred to Shankara Buildpro Limited (SBL) on a going concern basis. Shareholders will receive 1 equity share of SBL (Rs 10 face value) for every 1 share held in SBPL, with the record date set as September 24, 2025. The original acquisition cost of SBPL shares will be split as 34.19% to SBPL and 65.81% to SBL. The allotment of SBL shares is not treated as a transfer and is not taxable under Section 47(vid) of the Income Tax Act, 1961.
Shareholders will hold shares in both SBPL and SBL post-demerger and should update their tax records accordingly. The 1:1 share issuance is tax-neutral, and the original acquisition date carries over to the new SBL shares, which is favourable for long-term capital gains calculation.