Shankara Building Products Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Shankara Building Products Limited has filed a disclosure under SEBI Regulation 31(4) of the Takeover Regulations. Promoter Mr. Sukumar Srinivas, along with members of the promoter group including The Ballygunge Family Trust, Mrs. Parwathi Srikanth Mirlay, Mr. Dhananjay Mirlay Srinivas, and M/s Shankara Holdings Private Limited, has declared that they have NOT created any encumbrance (pledge) on their shares in the company during the financial year 2025-26. This is a routine regulatory filing confirming the status of promoter share pledges.
This is a positive disclosure indicating no new pledges have been placed on promoter shares, which reduces risk for minority shareholders. No immediate impact on stock price expected from this filing.