Shankara Buildpro Limited has submitted to the Exchange a copy of Disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011.
BUILDPRO · price
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Shankara Buildpro Limited (SBL) was listed on BSE and NSE on 9th January 2026 following a demerger from Shankara Building Products Limited, sanctioned by NCLT Bengaluru on 21st August 2025. As part of the scheme, 97,42,537 equity shares (40.18% of paid-up capital) were allotted to the promoter and promoter group on 26th September 2025 at a 1:1 entitlement ratio. Before the scheme, the promoters held just 3 shares (0.03%) as nominees; post-allotment, their combined holding stands at 40.18% (2,42,49,326 total shares outstanding). The largest individual holder is promoter Sukumar Srinivas at 38.72%, with the remaining 1.46% spread across Parwathi Srikanth Mirlay (0.41%), Dhananjay Mirlay Srinivas (0.33%), and Shankara Holdings Private Limited (0.71%). No encumbrance or pledge is involved in this acquisition.
This is a procedural disclosure tied to the company's listing via demerger rather than a market transaction, so it should not cause any stock price movement. Shareholders should note that the promoter group holds below the 50% threshold at 40.18%, leaving SBL with a non-majority promoter structure from day one of trading.