Shankara Building Products Ltd

Acquisition details

• Target: Shankara Building Products Limited.
• Acquirer: Rajasthan Global Securities Private Limited; PAC: RGSL Investment LVF 1; non-promoter group.
• Transaction: Acquisition of voting rights through equity shares.
• Mode: Open Market.
• Pre-transaction holding: 32,98,530 shares (13.60%).
• Shares acquired: 1,55,580 voting rights (0.64%).
• Post-transaction holding: 34,54,110 shares (14.24%).
• Date of acquisition: 12 August 2026.
• Equity share capital before and after: 2,42,49,326; diluted after: 2,42,49,326.

Meeting Details

• Board meeting on August 5, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closed from July 1, 2026 to 48 hours after results on Aug 5, 2026.

CIN change due to MOA alteration

• Purpose: CIN changed due to alteration of the MOA object clause.
• Old CIN: L26922KA1995PLC018990; New CIN: L24311KA1995PLC018990; AGM approval June 18, 2026.
• Registrar of Companies, Karnataka recorded the alteration; MCA allotted the new CIN.

Open offer corrigendum

• Corrigendum to the July 15, 2026 PA for SBPL open offer is issued.
• Open offer size remains up to 63,04,825 shares, representing 26% of paid-up capital.

Triggers and ownership

• Open offer now triggered under Regulation 3(2) and Regulation 4.
• Acquirer's post-offer holding rises to 35.35% of SBPL.

Parties and manager

• Acquirer: Ballygunge Family Trust; PACs: Sukumar Srinivas, Parwathi Mirlay, Dhananjay Mirlay Srinivas, Shankara Holdings Private Limited.
• Manager to the offer: Corporate Professionals Capital Private Limited.

Administrative details

• Corrigendum dated July 20, 2026; place: New Delhi.

Open Offer Overview

• Acquirer: Ballygunge Family Trust; PACs: Sukumar Srinivas, Parwathi Srikanth Mirlay, Dhananjay Mirlay Srinivas, Shankara Holdings Private Limited.
• Target: Shankara Building Products Limited.
• Trigger: Delayed open offer to rectify past non-compliance; voluntary 26% equity acquisition from public.

Offer Details

• Size: 63,04,825 equity shares, 26.00% of paid-up capital.
• Offer price: INR 150 per share; total consideration INR 94,57,23,750.
• Mode of payment: Cash.
• Type: Triggered/mandatory open offer under SEBI SAST for past breach and voluntary 26% acquisition.

Transaction Background

• Triggers: Delayed Open Offer under Regulation 4 for past breach; voluntary 26% acquisition from public.
• Pre- vs post- holdings: Acquirer 9.35% to 35.35%; combined promoter 49.52% to 75.52%.

Post-Offer Impact

• Acquirer’s pre-offer share: 9.35%; post-offer: 35.35%.
• Combined promoter stake pre: 49.52%; post: 75.52%.
• Public shareholding post-offer: ~24.49% (below 25%).
• No explicit delisting or management change stated.

Timeline and Process

• DPS to be published on or before July 22, 2026.
• Eligible to participate: Public shareholders; acquirer and PACs excluded.
• Open/closing dates not specified in this section.

Recommendations

• Independent directors’ recommendation not disclosed.

Other Material Information

• Regulatory approvals: SEBI (SAST) compliance; DPS will specify.
• Offer not conditional on minimum acceptance; not a competitive bid.
• Acquirer has adequate resources and firm financial arrangements for the offer.

Dematerialisation status

• Details of dematerialised/rematerialised securities for the quarter furnished to all exchanges where listed.

Acquisition details

• Target: Shankara Building Products Limited.
• Disclosing party: The Ballygunge Family Trust (Promoter group).
• Transaction type: Acquisition of voting shares.
• Pre-transaction holding: 12,63,309 shares equal to 5.20%.
• Acquired shares: 10,02,497, representing 4.13% of diluted capital.
• Mode: Open Market.
• Post-transaction holding: 22,65,806 shares, 9.34%.
• Date of acquisition: June 30, 2026.
• Pre-acquisition equity: 2,42,49,326 shares, Rs 24,24,93,260.
• Post-acquisition equity: 2,42,49,326 shares, Rs 24,24,93,260.
• Total diluted capital after: 2,42,49,326 shares.

Target and buyer

• Target: Shankara Building Products Limited.
• Buyer: The Ballygunge Family Trust; promoter group: Yes.

Transaction details

• Type: Acquisition of voting rights shares.
• Mode: Open Market.
• Date: 30 June 2026.

Pre-transaction holding

• Voting rights: 11,26,669 shares (4.64%).

Acquired shares

• Shares acquired: 1,36,640; 0.563% of diluted voting capital.

Post-transaction holding

• Voting rights: 12,63,309 shares (5.20%).

Share capital context

• Pre/post equity capital: 2,42,49,326 shares; Rs 24,24,93,260.
• Total diluted capital after: 2,42,49,326 shares; Rs 24,24,93,260.