Key Developments

Management Change

Consequent upon the demise of Mr. Sukumar Srinivas, Managing Director of the Company on Friday, 30th October 2026, the Board of Directors has approved the appointment of Mr. Dhananjay Mirlay Srinivas (DIN: 09108483) as the new Managing Director of the Company. Mr. Dhananjay was previously serving as Whole-time Director of the Company.

Appointment Details

  • Effective Date: 1st November, 2026
  • Term: 5 years
  • Approval Status: Subject to approval of shareholders of the Company and other statutory/regulatory approvals as may be required
  • Recommendation: Based on the recommendation of the Nomination and Remuneration Committee which met on 1st November, 2026

Profile of New Managing Director

Mr. Dhananjay Mirlay Srinivas has been associated with the Company in a leadership capacity and has been involved in the Company's business operations and strategic initiatives. He has experience in the building products and allied industries and has been contributing to the Company's operational development and growth.

Background and Experience

  • Joined Shankara Building Products Limited in a senior managerial role on 1st January 2020
  • On the Board of Shankara Buildpro Limited since inception (13th October 2023)
  • Groomed for the Managing Director role by Mr. Sukumar Srinivas for more than six years
  • Independently driving the Company's Non-Steel marketplace business
  • Playing a key role in the Steel marketplace business under the guidance of Mr. C. Ravikumar, Executive Director

Corporate Governance Details

  • Relationship with other directors: Not related to any of the existing Directors of the Company
  • Debarment status: Not debarred from holding the office of Director by virtue of any SEBI order or any other authority (subject to verification and confirmation)
  • Declaration: Has confirmed not being disqualified from being appointed as Director/Managing Director under the Companies Act, 2013

Other Directorships

1. Shankara Building Products Limited

2. Taurus Value Steel & Pipes Private Limited

3. Purple Splash Materials Private Limited

Shareholding in the Company

81,050 shares

Management Support Structure

Mr. Dhananjay Srinivas will be supported by an experienced management team including:

  • Mr. C. Ravikumar, Executive Director
  • Mr. Alex Varghese, Chief Financial Officer
  • Other Senior Management Personnel with several years of experience with the Company

Company Overview

Shankara Buildpro Limited is described as one of India's leading building materials marketplaces and India's largest organized and professionally managed steel tube & pipe distribution and retail business.

Operational Metrics

  • Physical presence: 132 operational stores and fulfillment centers
  • Retail footprint: 5.5+ lakh sq.ft.
  • Customer base: 50,000+ customers across various segments

Meeting Details

  • Board Meeting Date: 1st November, 2026
  • Meeting Timing: Commenced at 8:00 PM and concluded at 8:30 PM

Office Addresses

Corporate Office: G2, Farah Winsford, 133 Infantry Road, Bengaluru-560001