Key Quantitative Figures

The open offer is for acquisition of up to 63,04,825 equity shares, representing 26.00% of the paid-up equity share capital of Shankara Building Products Limited. The offer price is ₹150 (Indian Rupee One Hundred Fifty) per equity share. Each equity share has a face value of ₹10.00.

Parties Involved

Acquirer: The Ballygunge Family Trust

Persons Acting in Concert (PACs):

  • Mr. Sukumar Srinivas (PAC 1)
  • Ms. Parwathi Srikanth Mirlay (PAC 2)
  • Mr. Dhananjay Mirlay Srinivas (PAC 3)
  • Shankara Holdings Private Limited (PAC 4)

Manager to the Offer: Corporate Professionals Capital Private Limited

Regulatory Authorities: BSE Limited, National Stock Exchange of India Limited, Securities and Exchange Board of India

Specific Corrections Made

The following corrections have been made to the original Public Announcement dated July 15, 2026:

1. Title of Public Announcement: Revised from reference to "Regulation 3(1) read with Regulation 3(3), Regulation 3(2) and Regulation 4 read with Regulation 15(1)" to "Regulation 3(2), Regulation 4 read with Regulation 15(1) and other applicable laws"

2. Opening/Introductory Paragraph: Revised regulatory reference from "Regulation 3(1) read with Regulation 3(3), Regulation 3(2) and Regulation 4" to "Regulation 3(2) and Regulation 4 and other applicable laws"

3. Para 1.4: Revised from "Regulation 3(1) read with Regulation 3(3), Regulation 3(2) and Regulation 4" to "Regulation 3(2) and Regulation 4 and other applicable laws"

4. Para 1.4 and Para 2(b): Completely deleted the explanation that stated: "The proposed acquisition of shares under the Open Offer will result in a change in the Acquirer's individual shareholding from 9.35% to 35.35% of the Paid-up Equity Share Capital of the Target Company. As a result, the Acquirer's individual shareholding will exceed 25% of the Paid-up Equity Share Capital of the Target Company, thereby triggering the requirement to make an open offer under Regulation 3(1) read with Regulation 3(3) of the SEBI (SAST) Regulations."

5. Para 1.4 and Para 2(b): Revised from "combined open offer, being made pursuant to both the aforesaid triggers under Regulation 3(1) read with Regulation 3(3), Regulation 3(2) and Regulation 4" to "made pursuant to the aforesaid triggers under Regulation 3(2) and Regulation 4 and other applicable laws"

6. Para 2(b): Revised from "Regulation 3(1) read with Regulation 3(3) and Regulation 3(2) voluntarily" to "Regulation 3(2) and other applicable laws of the SEBI (SAST) Regulations voluntarily"

7. Details of Underlying Transaction table: Revised "Regulation which has triggered" column from "Regulation 3(1) read with Regulation 3(3) and Regulation 3(2)" to "Regulation 3(2)"

Effective Date

The corrigendum is issued on July 20, 2026, and should be read in continuation with the original Public Announcement dated July 15, 2026.