The Ballygunge Family Trust has increased its shareholding in Shankara Building Products Limited to 9.34% following an open market acquisition of 10,02,497 shares. The transaction, which took place on June 30, 2026, was disclosed to the stock exchanges under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The trust belongs to the promoter group of the company.

Prior to this acquisition, The Ballygunge Family Trust held 12,63,309 shares, representing 5.20% of the total paid-up equity share capital. The purchase of additional shares has raised its total holding to 22,65,806 equity shares. The total equity share capital of Shankara Building Products Limited stands at 2,42,49,326 equity shares of ₹10 each, amounting to ₹24,24,93,260.

The acquisition was executed entirely through the open market route. Following the transaction, the trust's holding constitutes 9.34% of the company's total voting capital. There are no encumbrances reported on the shares held by the trust, nor are there any warrants or convertible securities held.

Shareholding Details

The table below outlines the changes in the shareholding pattern of The Ballygunge Family Trust:

The disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited, where the shares of Shankara Building Products Limited are listed. The scrip code on BSE is 540425, and the trading symbol on NSE is SHANKARA.

Shankara Building Products Limited reported a return to profitability in FY26 with a consolidated Profit After Tax (PAT) of ₹3.84 crore, compared to a loss of ₹0.78 crore in the previous year. The company announced the results during its 31st Annual General Meeting held on June 18, 2026, through video conferencing. Total revenue for the financial year stood at ₹1,364.01 crore, marginally higher than ₹1,362.47 crore in FY25, while EBITDA grew 44% to ₹30.22 crore from ₹20.79 crore.

Financial Performance

The financial results highlighted a recovery driven by robust steel demand despite challenges from geopolitical tensions and tariff issues. The demerger of the trading business was completed in January 2026, allowing the company to focus on its core strengths in supply chain and logistics. The Chairman's speech outlined future strategies, including investing in machinery upgradation, growing sales to direct customers in the automobile and industrial segments, and diversifying the product range.

Board Resolutions

Shareholders approved all five resolutions proposed during the meeting. The Board of Directors re-appointed Mr. Dhananjay Miralay Srinivas as a Director and Mr. Sukumar Srinivas as Managing Director. Mr. Medepalli Eswara Rao was appointed as an Independent Director. Additionally, an amendment to the main object clause of the memorandum of association was approved to reflect the company's strategic focus.

Voting Details

The remote e-voting facility was administered by KFin Technologies Limited and was open from June 15, 2026, to June 17, 2026. A total of 47 members attended the meeting via video conferencing. The scrutinizer's report confirmed that the total votes polled across all resolutions were 12,251,799, representing 50.52% of the outstanding shares. The Promoter and Promoter Group cast 10,849,512 votes in favour of all resolutions.

Resolution Summary