Shankara Building Products Limited has informed the Exchange regarding 'Allotment Of Equity Shares By Shankara Buildpro Limited (Resulting Company) Pursuant To The Scheme Of Arrangement'.
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Shankara Building Products Limited has informed the exchanges that Shankara Buildpro Limited (the Resulting Company) has allotted 2,42,49,326 equity shares of Rs. 10 each to the shareholders of Shankara Building Products (the Demerged Company) as per the record date of 24th September 2025. This allotment is pursuant to a Scheme of Arrangement (demerger) between the two companies and their respective shareholders and creditors. The Resulting Company, Shankara Buildpro, will apply for listing on BSE and NSE in due course. This is a follow-up to the earlier intimation dated 12th September 2025 regarding the record date for the demerger.
Existing shareholders of Shankara Building Products will receive shares of the newly formed Shankara Buildpro Limited, which is expected to list on the stock exchanges separately. The demerger restructures the business into two listed entities, giving shareholders direct exposure to the hived-off business going forward.