The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for The Ballygunge Family Trust
SHANKARA · price
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The Ballygunge Family Trust, part of the promoter group of Shankara Building Products Ltd, bought 10,551 equity shares (0.0435% of paid-up capital) through the open market on March 10, 2026. After this acquisition, the trust's holding rose from 6,09,000 shares (2.51%) to 6,19,551 shares (2.55%) of the company. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, which covers acquisitions crossing the 2% annual creeping limit threshold. No encumbrance or pledge activity was involved in this transaction.
This is a small open-market purchase by a promoter group entity, signalling continued promoter confidence in the company. The size is too small to materially shift the shareholding pattern or move the stock, but it indicates promoters are comfortable accumulating at current market levels.