Rajasthan Global Securities Private Limited has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, announcing its increased shareholding in Shankara Building Products Limited.

Acquisition Details

The acquisition involved the purchase of 14,867 equity shares through open market transactions on 23.02.2026. This transaction increased Rajasthan Global Securities' total shareholding in the target company from 16,83,749 shares to 16,98,616 shares.

Company Information

Rajasthan Global Securities Private Limited, incorporated with CIN U67120DL1995PTC072778, operates from its registered office at Jain Bhawan, Karol Bagh, New Delhi, and corporate office in Noida. The company has confirmed that it does not belong to the promoter or promoter group of Shankara Building Products Limited.

Target Company Details

Shankara Building Products Limited maintains its equity share capital at 2,42,49,326 shares of Rs.10 each both before and after this acquisition. The company's shares are listed on both BSE and NSE.

Regulatory Compliance

The disclosure was submitted to both BSE and NSE on 24.02.2026, fulfilling the regulatory requirements under SEBI takeover regulations. The acquisition was conducted through open market purchases, representing a standard method of share acquisition for institutional investors.

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.