Shankara Buildpro Limited (SBL) has announced the acquisition of 97,42,537 equity shares, representing 40.18% of the company's paid-up capital. This acquisition occurred on 26th September 2025, pursuant to a Scheme of Arrangement sanctioned by the National Company Law Tribunal, Bengaluru Bench, on 21st August 2025.

The equity shares of Shankara Buildpro Limited were listed and admitted for trading on 9th January 2026. The disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, is being submitted within two working days of the commencement of trading.

The acquisition was executed as part of a scheme where for every one equity share held in Shankara Building Products Limited (the demerged company), shareholders received one equity share of Shankara Buildpro Limited. The pre-scheme share capital of Shankara Buildpro Limited was cancelled, and the post-acquisition equity share capital stands at ₹24,24,93,260, divided into 2,42,49,326 equity shares of ₹10 each.