SHANKARABSEShankara Building Products LtdHighPositive
Announced Fri, 27 Feb · 17:25 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for The Ballygunge Family Trust

Promoter Stake BuyOwnership Changes View source PDF

SHANKARA · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The Ballygunge Family Trust, part of the promoter group of Shankara Building Products, acquired 10,000 equity shares (0.041% of share capital) through an open market purchase on February 26, 2026. Post-acquisition, the Trust's holding in the company increased from 5,29,000 shares (2.18%) to 5,39,000 shares (2.22%). The total equity share capital of the company remains unchanged at 2,42,49,326 shares. The disclosure was made under Regulation 29(2) of SEBI Takeover Regulations.

Likely market impact

This is a minor, incremental purchase by a promoter-group entity, signaling continued promoter confidence in the company. The size of the acquisition is very small and is unlikely to have any material impact on the stock price.