Shankara Buildpro Limited has announced the allotment of 97,42,537 equity shares, representing 40.18% of its paid-up capital. This allotment occurred on September 26, 2025, as part of a Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal (NCLT), Bengaluru Bench, via an order dated August 21, 2025.

The Scheme involved Shankara Building Products Limited (Demerged Company) and Shankara Buildpro Limited (Resulting Company), along with their shareholders and creditors. As per the Scheme's Share Entitlement Ratio, shareholders of Shankara Building Products Limited received one equity share of Shankara Buildpro Limited for every equity share held in the former. This acquisition is exempted from making an open offer under Regulation 10(1)(d)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The equity shares of Shankara Buildpro Limited were listed and admitted for trading on January 9, 2026. The disclosure is made under Regulation 10(6) of the Takeover Code. Following the transaction, Sukumar Srinivas's shareholding increased to 38.72% (93,88,787 shares), Parwathi Srikanth Mirlay holds 0.41% (1,00,000 shares), Dhananjay Mirlay Srinivas holds 0.33% (81,050 shares), and Shankara Holdings Private Limited holds 0.71% (1,72,700 shares). The pre-transaction holdings of Sukumar Srinivas, Dhananjay Mirlay Srinivas, and Shankara Holdings Private Limited were nominal (0.01% each), representing nominee shares that have since been cancelled.