Shankara Buildpro Limited has received fresh credit ratings from CRISIL for its comprehensive banking facilities, marking a significant milestone in the company's financial profile. The rating agency has assigned ratings to the company's total bank loan facilities worth ₹745 crore, providing institutional validation of its creditworthiness.

Credit Rating Details

CRISIL has assigned two distinct ratings to Shankara Buildpro Limited's banking facilities. The rating assessment covers the company's diverse funding requirements across multiple financial institutions.

Banking Facility Distribution

The rated facilities are strategically distributed across eleven major banks, demonstrating the company's diversified banking relationships. The facility structure comprises primarily cash credit arrangements and non-fund based limits.

Cash Credit Facilities

The company maintains cash credit facilities totaling ₹615 crore across nine banks:

Non-Fund Based and Working Capital Facilities

Additional facilities worth ₹130 crore include non-fund based limits and working capital arrangements:

Rating Validity and Surveillance

The rating letter dated December 31, 2025, remains valid until December 31, 2026. CRISIL maintains continuous surveillance of all assigned ratings and reserves the right to revise ratings based on new information or changing circumstances. The company must obtain fresh revalidation from CRISIL if proposed facilities are not availed within 180 days from the rating letter date.

Regulatory Compliance

Shankara Buildpro Limited disclosed the credit rating assignment to BSE Limited and National Stock Exchange of India Limited on January 14, 2026, in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulation, 2015. Company Secretary and Compliance Officer Ereena Vikram signed the regulatory filing.

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.