Shankara Buildpro Limited's promoter group has acquired a significant stake in the company through a corporate restructuring exercise, with shares now trading on major Indian stock exchanges.

Stake Acquisition Details

The promoter group acquired 97,42,537 equity shares of Shankara Buildpro Limited, representing 40.18% of the company's paid-up capital. This acquisition was completed on September 26, 2025, through a scheme of arrangement between Shankara Building Products Limited (the demerged company) and Shankara Buildpro Limited (the resulting company).

Regulatory Approvals and Framework

The scheme of arrangement received approval from the National Company Law Tribunal, Bengaluru Bench, through its order dated August 21, 2025. Under the approved scheme, shareholders of Shankara Building Products Limited received one equity share of Shankara Buildpro Limited for every one equity share held in the demerged company, with each share having a face value and paid-up value of ₹10.00.

The acquisition is exempt from making an open offer under Regulation 10(1)(d)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as it was executed pursuant to an approved demerger scheme.

Promoter Group Shareholding

The acquisition involved four key promoter entities, with their post-transaction shareholding detailed below:

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 scrip code "BUILDPRO" and symbol "544517".

The disclosure was filed with both stock exchanges as required under Regulation 10(6) of the SEBI Takeover Code, with the necessary documentation submitted by Sukumar Srinivas on behalf of the promoter group.

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).

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.

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.

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.