Event Overview

The 31st Annual General Meeting (AGM) of Shankara Building Products Limited was held on 18th June, 2026 at 11:00 AM through Video Conferencing/Other Audio-Visual Means (VC/OAVM) in accordance with MCA and SEBI circulars. The meeting concluded at 12:28 PM (IST).

Attendance Details

Directors and Officials Present:

  • Mr. B. Jayaraman - Chairman, Independent Director
  • Mr. Sukumar Srinivas - Managing Director
  • Mr. N. Muthuraman - Independent Director
  • Ms. Sujatha G - Independent Director
  • Mr. Dhananjay Mirlay Srinivas - Non-Executive & Non-Independent Director
  • Mr. C. Ravi Kumar - Non-Executive & Non-Independent Director
  • Mr. Medepalli Eswara Rao - Independent Director
  • Mr. Alex Varghese - Group Chief Financial Officer
  • Mr. Sathyanarayana JW - Chief Financial Officer
  • Ms. Ereena Vikram - Group Company Secretary
  • Mr. Ramesh S - Company Secretary and Compliance Officer

Other Attendees:

  • Internal Auditors: M/s GRSM & Associates, Chartered Accountants
  • Secretarial Auditor: Mr. K. Jayachandran, Practicing Company Secretary
  • Scrutinizer: Mr. S. Kannan, S Kannan & Associates, Company Secretaries
  • 47 Members attended through VC/OAVM

Meeting Proceedings

The Chairman, Mr. B. Jayaraman, chaired the meeting. The requisite quorum was present. The notice of the 31st AGM, copies of Audited Financial Statements for year ended March 31, 2026, Board's and Auditor's reports had been sent through electronic mode to members whose email addresses were registered. The register of Directors and Key Managerial Personnel and Register of Contracts were available for inspection.

Remote e-voting facility was provided through KFin Technologies Limited from 15th June, 2026 at 9:00 AM till 17th June, 2026 at 5:00 PM. Members who couldn't cast votes through remote e-voting could vote during the AGM through Instapoll e-voting system.

Mr. Sathyanarayana JW, Chief Financial Officer, gave a presentation on the company's performance.

Business Transacted

The following items of business were considered and transacted:

1. Ordinary Business - Ordinary Resolution: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Directors and Auditors thereon and the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 together with Report of Auditors thereon

2. Ordinary Business - Ordinary Resolution: To re-appoint Mr. Dhananjay Mirlay Srinivas (DIN: 09108483) as a Director of the Company who retires by rotation

3. Special Business - Ordinary Resolution: Reappointment of Mr. Sukumar Srinivas (DIN: 01668064) as Managing Director of the Company

4. Special Business - Special Resolution: Appointment of Mr. Medepalli Eswara Rao (DIN: 11696395) as an Independent director

5. Special Business - Special Resolution: Amendment in the main object clause of the memorandum of association of the Company

Financial Performance Highlights (Consolidated Basis)

  • Total revenue: ₹1,364.01 crores in FY25-26 (compared to ₹1,362.47 crores in FY24-25)
  • EBITDA: ₹30.22 crores for FY26 (compared to ₹20.79 crores in FY25), representing 44% growth
  • Profit after Tax (PAT): ₹3.84 crore in FY26 (compared to loss of ₹(0.78) crore in FY25)

Strategic Updates

  • Demerger of trading business was completed in January 2026 with all necessary approvals
  • Company now has three subsidiary companies engaged in manufacturing of precision steel tubes and structural tubes used in construction, automobile and general engineering industries
  • Company also has comprehensive range of roofing products including accessories
  • Post-demerger, company will focus on supply chain and logistic operations strengths
  • Proposed amendment in Memorandum of Association to reflect new strategic focus

Future Focus Areas

1. Invest in upgradation of machinery to enhance product quality

2. Grow sales to direct customers in automobile & other key industrial segments

3. Look for opportunities to diversify product range

Board Changes

  • Mr. Chandu Nair retired as per statutory requirements on completion of 2 terms of 5 years each
  • Mr. Medepalli Eswara Rao appointed as Director on the Board

Corporate Governance and CSR

  • Company maintains highest standards of transparency, accountability and adequate disclosures
  • Complies with all applicable provisions of Companies Act, 2013 and SEBI (LODR) Regulations
  • Committed to sustainable environment practices and CSR initiatives focusing on healthcare infrastructure, education for underprivileged sections, and rehabilitation of abandoned women and children