NewsCorporate ActionsShankara Buildpro Limited Promoters Acquire 40.18% Stake Following Demerger Scheme ImplementationShankara Buildpro Limited Promoters Acquire 40.18% Stake Following Demerger Scheme Implementation
Shankara Buildpro Limited promoters acquired 97,42,537 equity shares representing 40.18% stake through a demerger scheme sanctioned by NCLT on August 21, 2025. The shares were allotted on September 26, 2025, and the company listed on BSE and NSE on January 9, 2026. The acquisition increased the company's share capital from ₹1.00 lakh to ₹24.25 crores, with Sukumar Srinivas holding the largest individual stake of 38.72%.
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Shankara Buildpro Limited promoters have disclosed the acquisition of a substantial stake in the company following the implementation of a court-approved demerger scheme. The disclosure was made under Regulation 29(1) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, following the company's listing on stock exchanges.
Substantial Acquisition Details
The promoter group acquired 97,42,537 equity shares, constituting 40.18% of Shankara Buildpro Limited's paid-up share capital. The acquisition was completed on September 26, 2025, through the allotment of shares pursuant to a scheme of arrangement between Shankara Building Products Limited (demerged company) and Shankara Buildpro Limited (resulting company).
| Parameter | Details |
|---|---|
| Shares Acquired | 97,42,537 equity shares |
| Stake Percentage | 40.18% of paid-up capital |
| Allotment Date | September 26, 2025 |
| Listing Date | January 9, 2026 |
| Face Value per Share | ₹10.00 |
Promoter Group Composition
The acquiring entities include both promoters and promoter group members. Sukumar Srinivas leads as the primary promoter, while the promoter group comprises family members and a holding company.
| Acquirer Name | Shares Acquired | Percentage Stake |
|---|---|---|
| Sukumar Srinivas | 93,88,787 | 38.72% |
| Parwathi Srikanth Mirlay | 1,00,000 | 0.41% |
| Dhananjay Mirlay Srinivas | 81,050 | 0.33% |
| Shankara Holdings Private Limited | 1,72,700 | 0.71% |
| Total | 97,42,537 | 40.18% |
Scheme of Arrangement Implementation
The National Company Law Tribunal, Bengaluru Bench sanctioned the demerger scheme on August 21, 2025. Under the share entitlement ratio specified in the scheme, Shankara Buildpro Limited allotted one equity share of ₹10.00 face value to shareholders of Shankara Building Products Limited for every one equity share held by them in the demerged company.
Prior to the scheme implementation, the company had a minimal share capital of ₹1.00 lakh divided into 10,000 equity shares. The pre-scheme share capital held by the demerged company was cancelled as part of the arrangement.
Post-Acquisition Capital Structure
Following the scheme implementation, Shankara Buildpro Limited's equity share capital expanded significantly. The company now has a total share capital of ₹24,24,93,260 divided into 2,42,49,326 equity shares of ₹10.00 each.
| Capital Structure | Before Scheme | After Scheme |
|---|---|---|
| Share Capital | ₹1.00 lakh | ₹24.25 crores |
| Number of Shares | 10,000 | 2,42,49,326 |
| Promoter Holding | 3 shares (0.03%) | 97,42,537 shares (40.18%) |
Stock Exchange Listing
Shankara Buildpro Limited's equity shares were listed and admitted for trading on both BSE Limited and National Stock Exchange of India Limited on January 9, 2026. The company trades under the symbol BUILDPRO with scrip code 544517. The regulatory disclosure was submitted within two working days of the commencement of trading, as required under SEBI regulations.
Historical Stock Returns for LCC Infotech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.99% | +16.63% | +30.64% | +17.40% | -42.25% | -2.20% |
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