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Sukumar Srinivas
5 articles
The passing of Sukumar Srinivas, founder and Managing Director of Shankara Building Products, marks a significant transition for the building materials retailer. Following his death on October 30, 2026, Dhananjay Mirlay Srinivas has been appointed as the new Managing Director, effective November 1, 2026, subject to shareholder approval. This leadership change coincides with the completion of a recent open offer where the Ballygunge Family Trust and PACs acquired an additional 26% stake, increasing their ownership to 75.52% and reshaping the company’s shareholder structure. Investors should monitor how the new leadership navigates the company’s growth trajectory and adapts to the altered ownership dynamics.
Shankara Buildpro Appoints Dhananjay Srinivas as MD
• Board appoints Mr. Dhananjay Mirlay Srinivas as Managing Director effective 1st November 2026 for five years, subject to shareholder approval.
• Appointment follows the demise of founder and former
Shankara Building Products Appoints Dhananjay Srinivas as MD
Board appointed Mr. Dhananjay Mirlay Srinivas as Managing Director effective 1st November 2026 for five years, subject to shareholder approval.
Appointment follows the demise of former Managing Direct
Shankara Managing Director Sukumar Srinivas Demises
Shankara Building Products MD and Founder Sukumar Srinivas passed away on October 30, 2026.
His demise triggers a regulatory reclassification, ceasing his status as a company promoter.
The board expre
Shankara Buildpro MD Sukumar Srinivas Demises
Shankara Buildpro MD and Promoter Sukumar Srinivas passed away on October 30, 2026.
The company filed a regulatory disclosure under SEBI LODR Regulations 30(2)/(6) and 31A(6)(c).
Sukumar Srinivas ceas
Shankara Building Products Open Offer Completes Acquisition
The Ballygunge Family Trust and PACs completed a mandatory open offer for 26.00% of Shankara Building Products at ₹150 per share.
The offer opened on September 7, 2026, closed on September 21, 2026, a