Shankara Building Products Limited has announced that its demerged entity, Shankara Buildpro Limited, has received approval from both BSE Limited and National Stock Exchange of India Limited for listing and trading of its equity shares, effective January 09, 2026.

Demerger Scheme Implementation

The listing approval follows the completion of a comprehensive demerger scheme that was sanctioned by the Hon'ble National Company Law Tribunal, Bengaluru Bench. The scheme involved the separation of business operations between the parent company and the newly formed entity.

Exchange Approval Timeline

The company had previously informed stock exchanges about the allotment of equity shares of Shankara Buildpro Limited through a letter dated September 26, 2025. The demerger scheme was structured to benefit shareholders and creditors of both the demerged company and the resulting company.

Corporate Structure Development

The successful listing of Shankara Buildpro Limited represents a significant milestone in the corporate restructuring initiative undertaken by Shankara Building Products. The demerger allows both entities to focus on their respective business segments while providing shareholders with direct ownership in the specialized operations.

The company has maintained full regulatory compliance throughout the demerger process, ensuring transparency with stock exchanges and stakeholders. The formal communication to BSE and NSE was signed by Company Secretary and Compliance Officer Ramesh S, confirming the completion of all necessary procedures.

Market Access and Trading

With the exchange approvals now in place, Shankara Buildpro Limited will commence independent trading operations, providing investors with direct access to its business performance. The listing enables the demerged entity to access capital markets independently while maintaining its operational focus.

The completion of this corporate action demonstrates Shankara Building Products' strategic approach to business optimization and value creation for shareholders through focused entity structures.

Shankara Building Products Limited has announced a credit rating downgrade by CRISIL affecting its bank facilities worth ₹595.00 crore. The company informed stock exchanges about this development on January 2, 2026, in compliance with SEBI listing regulations.

Rating Downgrade Details

CRISIL has revised the company's credit ratings with significant downgrades across both long-term and short-term facilities. The rating agency communicated these changes in a letter dated December 31, 2025, addressed to the company's Chief Financial Officer, Alex Varghese.

The downgrade also removes the company from 'Rating Watch with Developing Implications' status, indicating CRISIL's updated assessment of the company's creditworthiness.

Bank Facility Distribution

The rated facilities are distributed across ten major banks, with cash credit facilities forming the majority of the exposure. YES Bank Limited holds the largest facility at ₹80.00 crore, followed by Citibank N.A. at ₹75.00 crore.

Regulatory Compliance and Validity

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The rating letter remains valid until March 31, 2026, after which a new rating letter will be required. CRISIL has indicated that if the company does not avail the proposed facilities within 180 days from December 31, 2025, a fresh revalidation letter will be necessary.

Rating Surveillance

CRISIL maintains continuous surveillance of all assigned ratings and reserves the right to withdraw or revise ratings based on new information or changing circumstances. The rating agency emphasizes that its ratings reflect current opinions on timely payment likelihood and do not constitute investment recommendations or market price commentary.