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

Shankara Building Products Limited announced that its 31st Annual General Meeting (AGM) will be held on June 18, 2026, at 11:00 AM IST via Video Conferencing and Other Audio Visual Means (VC/OAVM). The company submitted its Annual Report for FY 2025-26 to BSE and NSE on May 27, 2026, in compliance with Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice for the AGM was published in Business Standard (English) and Kannada Prabha (Kannada) newspapers on May 28, 2026, pursuant to Regulation 30 and 47 of the SEBI regulations.

Financial Performance

The company's financial results for FY26 reflect the impact of the demerger of its trading business to Shankara Buildpro Limited, effective September 9, 2025. On a consolidated basis, the company reported a net profit of ₹3.84 crore, a turnaround from a loss of ₹0.79 crore in the previous year. Revenue from operations stood at ₹1,364.01 crore compared to ₹1,362.47 crore in FY25. Consolidated EBITDA rose to ₹29.85 crore from ₹20.79 crore in the prior year.

Segment Performance

The manufacturing operations are housed across three wholly owned subsidiaries. The roofing segment, operated through Centurywells Roofing India Private Limited, grew approximately 20% in FY26, with a turnover of ₹433.91 crore compared to ₹359.13 crore in FY25. The tubes and strips segment, operated through Vishal Precision Steel Tubes & Strips Private Limited and Taurus Value Steel & Pipes Private Limited, produced approximately 1,31,500 tons in FY26, compared to 1,51,450 tons in FY25.

Key Developments

The Hon'ble National Company Law Tribunal, Bengaluru Bench, sanctioned the Scheme of Arrangement for the demerger of the trading business into Shankara Buildpro Limited, effective September 9, 2025. The resulting company allotted 2,42,49,326 equity shares of ₹10 each to shareholders of the demerged company. Additionally, Steel Network Holdings Pte Limited, a non-operating Singapore subsidiary, was wound up effective December 26, 2025. The company proposes to amend its Memorandum of Association to include transport, logistics, and warehousing.

AGM Agenda and Schedule

The 31st AGM will seek shareholder approval on the re-appointment of Mr. Sukumar Srinivas as Managing Director for five years effective April 1, 2026. The re-appointment of Mr. Dhananjay Mirlay Srinivas as a Director and the appointment of Mr. Medepalli Eswara Rao as an Independent Director are also on the agenda. KFin Technologies Limited has been appointed as the registrar.