We wish to inform that the 31st Annual General Meeting of the Members of the Company will be held on Thursday, June 18, 2026 at 11.00 A.M through Video Conferencing/Other Audio Visual Means.
SHANKARA · price
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Shankara Building Products Ltd has called its 31st AGM on June 18, 2026 at 11:00 AM via video conferencing. The meeting will consider adoption of audited financial statements for FY 2025-26. Key agenda items include re-appointment of Mr. Dhananjay Mirlay Srinivas as non-executive director and Mr. Sukumar Srinivas as Managing Director for 5 years without remuneration. A new independent director, Mr. Medepalli Eswara Rao, is proposed for a 5-year term. Most significantly, shareholders will vote on amending the Memorandum of Association to add logistics, warehousing, and supply chain management as new business activities—allowing the company to enter freight forwarding, customs clearance, warehousing operations, and technology-driven logistics platforms.
The proposed expansion into logistics and warehousing represents a major strategic pivot that could diversify revenue streams and unlock growth opportunities. The MD's re-appointment without remuneration signals cost discipline. Shareholders should note the MOA amendment requires a special resolution and may indicate a broader business transformation.