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Shankara Building Products Ltd is one of the India's leading organized retailers of home improvement and building products in India. It caters to a large customer base spread across various end-user segments in urban and semi-urban markets through a retail led multi-channel approach.
Shankara Building Products updated its company identifier (CIN) following a shareholder-approved revision of its business scope. This reflects a change in the company's permitted activities.
Shankara Building Products streamlined operations by transferring its trading business to Shankara Buildpro and liquidating an overseas subsidiary. A subsidiary saved ₹0.60 Cr annually by shifting 80% of power to solar/windmill. Accounts payable days rose to 21, with related party sales increasing to 68.51%.
Shankara Building Products submitted its Annual Secretarial Compliance Report for FY26. The report confirms the company's full adherence to all applicable regulatory provisions, with no deviations or enforcement actions by regulators noted.
Shankara Buildpro received stock exchange approval for listing and trading its equity shares. Previously issued during restructuring, these shares are now tradable, enhancing market access for investors.
Shankara Building Products has liquidated Steel Network Holdings Pte Limited, a non-operating subsidiary. This entity contributed nil to company financials, with no consideration received from the winding up, indicating minimal operational or financial impact.