Key Proposal
Item No. 1: Sub-division/Split of Face Value of Equity Shares
- Current face value: ₹10 per equity share
- Proposed face value: ₹2 per equity share
- Split ratio: 1 existing share of ₹10 to be subdivided into 5 new shares of ₹2 each
- Requires ordinary resolution approval
Capital Structure Impact
Pre-Split Capital Structure:
- Authorized Share Capital: ₹30,00,00,000 divided into 3,00,00,000 equity shares of ₹10 each
- Issued, Subscribed, and Paid-up Capital: ₹24,24,93,260 divided into 2,42,49,326 equity shares of ₹10 each
Post-Split Capital Structure:
- Authorized Share Capital: ₹30,00,00,000 divided into 15,00,00,000 equity shares of ₹2 each
- Issued, Subscribed, and Paid-up Capital: ₹24,24,93,260 divided into 12,12,46,630 equity shares of ₹2 each
Rationale
To encourage wider participation of small investors and enhance liquidity of the company's equity shares in the capital market.
Voting Details
- Cut-off date for eligibility: Friday, August 07, 2026
- Remote e-voting period: Wednesday, August 12, 2026 (9:00 AM IST) to Thursday, September 10, 2026 (5:00 PM IST)
- E-voting service provider: Kfin Technologies Limited
- Scrutinizer: Mr. S. Kannan, Practicing Company Secretary (Membership No. 6261 & CP No. 13016)
- Result declaration: On or before Monday, September 14, 2026 by 5:00 PM IST
Distribution Method
Notice is being sent only through electronic mode to members whose email addresses are registered with the company/depositories. Physical copies are not being sent.
Additional Requirements
- Requires amendment to Clause V of Memorandum of Association to reflect new face value
- Sub-divided shares will be credited proportionately to demat accounts of members
- Results will be communicated to BSE and NSE and made available on company website (www.shankarabuildpro.com) and KFin e-voting website (https://evoting.kfintech.com/)
Governance
None of the directors/key managerial personnel or their relatives are interested in the resolution except to the extent of their shareholding, if any.