Shankara Building Products addressed observations from the National Stock Exchange of India Limited regarding its Q1FY27 financial results submission, citing a recent corporate restructuring and technical filing constraints. The company clarified that the omission of segment reporting was due to a demerger that consolidated its operations into a single business segment, rendering multi-segment disclosure requirements inapplicable under relevant accounting standards.

The company acknowledged a technical error where the financial results were not uploaded in a machine-readable format, despite the Audit Report being submitted correctly. It assured the exchange that future submissions would adhere to prescribed formats to prevent such inadvertent errors.

Regarding the mismatch in standalone and consolidated net cash flows from financing activities between the XBRL and PDF versions, the company attributed the difference to the treatment of a specific inter-divisional transfer. A transfer of ₹39.91 crores, executed pursuant to the Scheme of Arrangement, was shown separately in the PDF document. However, the XBRL taxonomy lacked a specific field for this disclosure, necessitating its inclusion under "Cash flows from/(used in) financing activities" in the digital filing.

This classification resulted in the ₹39.91 crore variance observed in the net cash flows from financing activities when comparing the two filing formats. The company confirmed that this discrepancy arises solely from the structural limitations of the XBRL taxonomy and the distinct presentation choices made for the PDF version.

Key Clarifications on Financial Results

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.