Shankara Building Products Limited announced its audited financial results for the quarter and year ended March 31, 2026, following a Board meeting held on May 5, 2026. The company reported a consolidated profit after tax of Rs. 3.84 crore for the fiscal year, marking a significant turnaround from the restated loss of Rs. 0.79 crore in the previous year. For the quarter ended March 31, 2026, the company posted a consolidated profit of Rs. 7.35 crore. The statutory auditors, M/s. Sundaram & Srinivasan, Chartered Accountants, issued an audit report with an unmodified opinion on both the standalone and consolidated audited financial results. In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company subsequently submitted copies of newspaper advertisements published on May 6, 2026 in "Business Standard" (English) and "Kannada Prabha" (Kannada) to BSE Limited and the National Stock Exchange of India Limited on May 7, 2026.

Consolidated Financial Performance

The consolidated total income for the year stood at Rs. 1,370.75 crore, marginally higher than the restated Rs. 1,364.82 crore in the previous year, driven by revenue from operations of Rs. 1,364.01 crore and other income of Rs. 6.74 crore. Total expenses for the year were Rs. 1,362.56 crore, broadly in line with the restated Rs. 1,362.67 crore in the prior year. The consolidated results include the financial performance of three wholly owned subsidiaries — Vishal Precision Steel Tubes and Strips Private Limited (Karnataka), Taurus Value Steel & Pipes Private Limited (Telangana), and Centurywells Roofing India Private Limited (Tamil Nadu) — which together reported total revenue of Rs. 1,255.67 crore and total net profit after tax of Rs. 10.38 crore for the year ended March 31, 2026.

The following table summarises the key consolidated financial metrics:

Standalone Financial Performance

On a standalone basis, the company reported a net loss of Rs. 6.75 crore for the year ended March 31, 2026, compared to a restated loss of Rs. 5.18 crore in the prior year. Standalone total income for the year was Rs. 135.02 crore against Rs. 1.44 crore in the restated previous year, reflecting the impact of transitional trading transactions executed on behalf of Shankara BuildPro Limited. The standalone results were materially shaped by the demerger of the trading business to Shankara BuildPro Limited, which became effective on September 9, 2025, following approval by the Hon'ble National Company Law Tribunal, Bengaluru Bench on August 21, 2025. Pursuant to this demerger, an amount of Rs. 128.55 crore has been accounted for as sales, with a corresponding amount recognised as purchases in the standalone financial statements, recorded at cost with no profit or loss recognised.

Balance Sheet and Cash Flow Highlights

On a consolidated basis, total assets stood at Rs. 756.76 crore as at March 31, 2026, compared to Rs. 573.34 crore in the restated previous year. Total equity increased to Rs. 447.31 crore from Rs. 410.96 crore. Current borrowings rose to Rs. 189.64 crore from Rs. 46.97 crore, reflecting increased working capital requirements. Net cash used in operating activities was Rs. 100.94 crore for the year, while net cash used in investing activities was Rs. 63.26 crore, primarily on account of capital expenditure of Rs. 65.04 crore. Net cash from financing activities was Rs. 124.30 crore, supported by current borrowings of Rs. 142.67 crore availed during the year. On a standalone basis, total assets were Rs. 250.80 crore as at March 31, 2026, with total equity at Rs. 235.90 crore.

Board Decisions and Appointments

The Board approved the alteration of the Object Clause of the Memorandum of Association to include new business activities such as logistics, warehousing, supply chain management, freight forwarding, and the supply of electrical and solar products, among others. Based on the recommendation of the Nomination & Remuneration Committee, the Board appointed Mr. Medepalli Eswara Rao (DIN: 11696395) as an Additional Director in the capacity of Independent Director (Non-Executive) for a first term of five years, subject to shareholder approval. Mr. Rao brings over 35 years of experience in ERW precision tubes manufacturing, pipe galvanizing, Continuous Galvanizing Line operations, cold rolling, and plant operations, covering areas such as plant setup and commissioning, process improvement, production planning, maintenance management, and quality assurance.

Corporate Governance and Annual General Meeting

The Board scheduled the 31st Annual General Meeting (AGM) of the members of the company for Thursday, June 18, 2026, at 11:00 A.M. via Video Conferencing/Other Audio Visual Means (VC/OAVM). The Register of Members and Share Transfer Books will remain closed from June 11, 2026, to June 18, 2026 (both days inclusive), for the purpose of the AGM. It is also noted that the subsidiary Steel Network (Holdings) Pte Limited, incorporated in Singapore, was struck off from the register on December 26, 2025, following which the foreign currency translation reserve of Rs. 0.21 crore was transferred to Other Income. The restated prior-year figures are not comparable with previously published financial results, as they reflect only the remaining business of the demerged company post the exclusion of the trading undertaking.

The Ballygunge Family Trust, a promoter group entity, has continued its strategic investment in Shankara Building Products Limited with another significant open market acquisition. The trust filed a fresh disclosure with stock exchanges on March 31, 2026, reporting the purchase of additional shares under SEBI takeover regulations.

Latest Transaction Details

The most recent acquisition involved 65,724 equity shares purchased through open market transactions on March 31, 2026. This represents 0.2710% of the company's total voting capital, marking the trust's continued commitment to increasing its ownership stake.

Progressive Shareholding Pattern

This latest transaction follows a series of strategic acquisitions by the trust. The consistent pattern demonstrates the promoter group's sustained confidence in the company's prospects, with the trust systematically building its position over multiple transactions.

Company Share Capital Structure

Shankara Building Products Limited maintains a consistent equity share capital structure throughout all transaction periods. The company's total equity share capital comprises 2,42,49,326 equity shares of ₹10 each, amounting to ₹24,24,93,260.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Ballygunge Family Trust, registered at 490, 14th Main, 3rd Block, Koramangala, Bangalore-560034, filed the necessary documentation with both BSE Limited and National Stock Exchange of India Limited.

Key Transaction Highlights

The series of acquisitions demonstrates the promoter group's strategic approach to gradually increasing its ownership stake in Shankara Building Products Limited. With the trust now holding 4.54% of the company's voting capital, these transactions reflect continued promoter confidence and long-term commitment to the company's growth trajectory.