Rajasthan Global Securities Private Limited (RGSPL) increased its stake in Shankara Building Products to 19.21% following open market acquisitions on September 18, 2026.

The acquisition triggered a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The move follows a previous disclosure on September 10, 2026, when RGSPL’s aggregate holding stood at 16.25%.

Acquisition Details

RGSPL acquired 3,50,731 equity shares during the transaction period. Simultaneously, its person acting in concert (PAC), RGSPL Investment LVF 1, disposed of all its 67,272 equity shares. This resulted in a net acquisition of 2,83,459 shares for the group.

The total share capital of Shankara Building Products remained unchanged at 2,42,49,326 equity shares of ₹10 each.

What the Numbers Show

The cumulative change in holding since the last disclosure on September 10, 2026, amounts to 7,18,591 shares, representing a 2.96% increase in total share capital. This exceeds the 2% threshold mandated for disclosures under Regulation 29(2). The entire post-acquisition stake of 19.21% is now held solely by RGSPL, as the PAC divested its position entirely.

Shankara Building Products disclosed that Rajasthan Global Securities Private Limited (RGSPL) and its person acting in concert increased their aggregate holding to 16.25% following an open market acquisition on September 10, 2026.

The acquisition of 46,791 equity shares pushed the total stake of the acquirer group to 39,39,611 shares out of the company’s total voting capital of 2,42,49,326 equity shares of ₹10 each.

Acquisition Details

RGSPL, acting in concert with RGSPL Investment LVF 1, purchased the additional shares in the open market. This transaction triggered a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as the cumulative change since the previous disclosure exceeded the applicable threshold.

Historical Context

The previous disclosure under Regulation 29(2) was filed on August 12, 2026, when the aggregate holding stood at 34,54,110 equity shares, representing approximately 14.24% of the total share capital. Since that date, the group’s holding has increased by 4,85,501 equity shares, or approximately 2.0021% of the total share capital.

RGSPL Investment LVF 1 is included as a person acting in concert because its corpus is predominantly contributed by Rajasthan Global Securities Private Limited and LRSD Capital Private Limited. The investment decisions for the scheme are exercised by its investment manager in accordance with applicable fund documents.