AGM Details

The 3rd AGM of Shankara Buildpro Limited was held on Thursday, July 02, 2026, at 11:30 AM IST through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) in accordance with MCA and SEBI circulars. The meeting concluded at 12:33 PM IST.

Attendance

43 members attended the meeting through VC/OAVM.

Directors and Officials Present:

  • Mr. B. Jayaraman, Chairman, Independent Director
  • Mr. Sukumar Srinivas, Managing Director
  • Mr. N. Muthuraman, Independent Director
  • Ms. Jayashri Murali, Independent Director
  • Mr. Dhananjay Mirlay Srinivas, Whole-time Director
  • Mr. C. Ravi Kumar, Whole-time Director
  • Mr. Alex Varghese, Chief Financial Officer
  • Ms. Ereena Vikram, Company Secretary

Also Present:

  • Internal Auditors: GRSM & Associates, Chartered Accountants
  • Secretarial Auditor: Mr. K. Jayachandran, Practicing Company Secretary
  • Scrutinizer: Mr. S. Kannan, S Kannan & Associates, Company Secretaries

Voting Process

The company provided remote e-voting facilities administered by KFin Technologies Limited from June 29, 2026, at 9:00 AM to July 01, 2026, at 5:00 PM. Members who did not vote remotely could vote during the AGM session through the Instapoll e-voting system. Mr. S. Kannan was appointed as scrutinizer to scrutinize all votes cast.

Business Transacted

The following items of business from the AGM notice were considered and transacted:

Ordinary Business (Ordinary Resolutions):

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, together with Reports of Directors and Auditors, and Audited Consolidated Financial Statements for FY ended March 31, 2026, with Report of Auditors

2. Declaration of Final Dividend

3. Re-appointment of Mr. C. Ravikumar (DIN: 01247347) as a Director who retires by rotation

4. Appointment of Secretarial Auditor

Special Business (Special Resolutions):

5. Approval of increase in remuneration of Mr. Sukumar Srinivas (DIN: 01668064), Managing Director

6. Approval of increase in remuneration of Mr. C. Ravikumar (DIN: 01247347), Whole-time Director

7. Approval of increase in remuneration of Mr. Dhananjay Mirlay Srinivas (DIN: 09108483), Whole-time Director

Financial Performance Highlights (From Chairman's Speech)

The Chairman's speech included the following financial highlights for FY 2025-26:

  • Total Revenue: ₹6,825.71 crores (30% growth from ₹5,267.38 crores in FY24-25)
  • EBITDA: ₹228.34 crores (51% growth from ₹151.37 crores in FY25)
  • Profit After Tax (PAT): ₹127.96 crores (63% growth from ₹78.16 crores in FY25)
  • Steel Sales Volume: Approximately 1.02 million tonnes (32% growth over FY25)

Dividend Declaration

The Board recommended a final dividend of ₹5 per share, subject to shareholder approval.

Corporate Developments

The Chairman noted that FY26 was a landmark year with the successful completion of the demerger of the marketplace business from Shankara Building Products Limited (Demerged Company) into Shankara Buildpro Limited (Resulting Company). The scheme was approved by the Hon'ble NCLT, Bengaluru Bench in September 2025 and completed in January 2026, followed by the listing of Shankara Buildpro Limited.

Additional Information

The Chairman's speech also highlighted the company's focus on people and workplace culture, customer relationships, corporate governance, and CSR initiatives focused on education, environmental sustainability, healthcare, and social welfare.