The Ballygunge Family Trust has set the open offer price for Shankara Building Products Limited at ₹126.21 per equity share, including interest, to acquire up to 64,825 equity shares representing 26.00% of the paid-up equity share capital. The revised price, which includes an interest component of ₹6.72, results in a total consideration of ₹81,34,25,275. Corporate Professionals Capital Private Limited, acting as the Manager to the Offer, submitted the Detailed Public Statement to BSE Limited on July 22, 2026, confirming the offer is a triggered and mandatory offer under Regulation 3(2) and Regulation 4 of the SEBI (SAST) Regulations, 2011.

The offer price was determined based on the volume-weighted average market price of the shares for the 60 trading days preceding the public announcement date of July 15, 2026, which was ₹119.48. The addition of interest accounts for a delay period of 139 days between the hypothetical payout date and the actual payout date. The Acquirer, along with Persons Acting in Concert (PACs), has opened an Escrow Account and deposited the requisite cash security to fund the acquisition.

Shareholding Pattern

The proposed acquisition will alter the shareholding structure, increasing the combined holding of the Acquirer and PACs from 49.52% to 75.52%.

Tentative Schedule

The open offer is scheduled to open on September 7, 2026, and close on September 21, 2026. Nikunj Stock Brokers Limited has been appointed as the buying broker for the offer.

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.