The Ballygunge Family Trust has issued a corrigendum to the public announcement dated July 15, 2026, regarding the open offer to acquire up to 63,04,825 equity shares representing 26.00% of the paid-up equity share capital of Shankara Building Products Limited . The offer price remains fixed at ₹150 per share, aggregating to a total consideration of ₹94,57,23,750. The corrigendum revises specific regulatory references within the original announcement, removing citations of Regulation 3(1) read with Regulation 3(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Corporate Professionals Capital Private Limited, acting as the Manager to the Offer, submitted the corrigendum to BSE Limited on July 20, 2026. The document clarifies that the open offer is a triggered and mandatory offer made in compliance with Regulation 3(2), Regulation 4, and other applicable laws of the SEBI (SAST) Regulations. The revisions specifically delete the assertion that the Acquirer's individual shareholding would exceed 25%, thereby triggering an open offer under the previously cited regulations.

The transaction details and financial terms of the offer remain unchanged. The acquisition is still structured as a cash payment for equity shares, and the Acquirer along with Persons Acting in Concert (PACs) have confirmed adequate resources to fund the acquisition. The offer is not conditional upon any minimum level of acceptance and is not a competitive bid.

Shareholding Pattern

The proposed acquisition continues to target a significant alteration in the shareholding structure. The combined holding of the Acquirer and PACs is set to increase from 49.52% to 75.52%.

Transaction Details

The offer parameters outlined in the original announcement persist, with the corrigendum serving solely to correct regulatory classifications.

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.