The Ballygunge Family Trust has acquired a significant stake in Shankara Building Products Limited through an open market purchase, filing the mandatory disclosure under SEBI regulations on February 21, 2026. The acquisition represents a substantial investment in the building products company, with the trust purchasing 5,10,000 equity shares valued at Rs. 10 each.

Transaction Details

The share acquisition was completed on February 20, 2026, through open market transactions. The purchased shares represent 2.10% of Shankara Building Products Limited's total paid-up share capital.

Shareholding Pattern Changes

Prior to this acquisition, The Ballygunge Family Trust held a minimal stake of 9,000 shares, representing 0.037% of the company's equity capital. The substantial purchase has significantly increased their ownership position in the company.

Company Capital Structure

Shankara Building Products Limited maintains a stable equity capital structure with 2,42,49,326 equity shares of Rs. 10 each, amounting to total equity capital of Rs. 24,24,93,260. The company's shares are listed on both the National Stock Exchange of India Limited and BSE Limited.

Regulatory Compliance

The disclosure was filed pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Ballygunge Family Trust confirmed that it does not belong to the promoter or promoter group of Shankara Building Products Limited. The trust is registered at 490, 14th Main, 3rd Block, Koramangala, Bangalore-560 034, with the disclosure signed by the Managing Trustee.

This acquisition reflects institutional interest in Shankara Building Products Limited, with The Ballygunge Family Trust now holding a notable minority stake in the building products company.

Shankara Building Products Limited announced its unaudited financial results for Q3FY26 ended December 31, 2025, along with key board decisions during a meeting held on February 10, 2026. The company demonstrated improved operational performance while making strategic leadership decisions for future growth.

Financial Performance Overview

The company's consolidated financial results showed notable improvements across key metrics for Q3FY26:

For the nine-month period ended December 31, 2025, consolidated revenue from operations reached ₹1,023.51 crores compared to ₹1,035.53 crores in the corresponding period last year. However, the company reported a net loss of ₹3.51 crores for the nine-month period against a profit of ₹0.15 crores in the previous year.

Standalone Results

The standalone financial results reflected the company's focused business operations post-demerger. Standalone revenue from operations for Q3FY26 was ₹110.34 crores, with net profit of ₹0.73 crores compared to a loss of ₹1.00 crores in Q3FY24. The nine-month standalone results showed revenue of ₹110.34 crores with a net loss of ₹6.80 crores.

Leadership Continuity

The Board of Directors approved the reappointment of Mr. Sukumar Srinivas as Managing Director for a five-year term:

Mr. Srinivas has been instrumental in nurturing the company since its inception and brings extensive experience in the building products industry to his continued leadership role.

Operational Highlights

Several significant developments shaped the quarter's performance:

• Demerger Impact: The company completed its scheme of arrangement with the trading business demerged to Shankara BuildPro Limited, which became effective on September 9, 2025
• Transitional Arrangements: During the quarter, the company executed sales and purchase transactions worth ₹110.34 crores on behalf of the resulting company
• Subsidiary Changes: Steel Network (Holdings) Pte Limited was struck off from Singapore's register on December 26, 2025
• New Labour Codes: The company recognized an exceptional item of ₹0.17 crores related to incremental gratuity liability from new labour code implementation effective November 21, 2025

Financial Structure

The company maintained its capital structure with paid-up equity share capital of ₹24.25 crores, comprising shares with a face value of ₹10.00 each. The results reflect the continuing business operations following the demerger, with restated comparative figures that are not comparable to previously published results.

The financial results were reviewed by the audit committee and approved by the Board, with limited review conducted by statutory auditors Sundaram & Srinivasan, Chartered Accountants. The Board meeting commenced at 1:15 PM and concluded at 3:00 PM on February 10, 2026.