Description

NSE announces listing of 24,249,326 equity shares of Shankara Buildpro Limited on Capital Market segment effective January 09, 2026, following NCLT-approved demerger of trading business from Shankara Building Products Limited.

Summary

NSE has approved the listing of equity shares of Shankara Buildpro Limited (BUILDPRO) on the Capital Market segment effective January 09, 2026. This listing follows the NCLT-approved scheme of arrangement for demerger of the trading business from Shankara Building Products Limited. A total of 24,249,326 equity shares of Rs. 10/- face value will be listed, with shareholders receiving 1 equity share of Shankara Buildpro Limited for every 1 equity share held in Shankara Building Products Limited.

Key Points

  • Symbol: BUILDPRO, ISIN: INE24OJ01011
  • Total securities listed: 24,249,326 equity shares of Rs. 10/- face value
  • Trading series: BE (Trade for Trade) initially, to be shifted to EQ series later per SEBI guidelines
  • Market lot: 1 share
  • Shares issued pursuant to demerger of Trading Business from Shankara Building Products Limited
  • NCLT Bengaluru Bench approved scheme on August 21, 2025
  • Share swap ratio: 1:1 (1 BUILDPRO share for every 1 SBPL share)
  • Registrar: KFin Technologies Limited
  • Pre-open session applicable as per SEBI circular dated January 20, 2012

Regulatory Changes

No new regulatory changes introduced. The listing follows existing SEBI regulations:

  • SEBI circular no. SEBI/CIR/ISD/1/2010 dated September 2, 2010 (securities initially in BE series, later shifted to EQ)
  • SEBI circular no. CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012 (pre-open session)
  • Sections 230 to 232 of Companies Act, 2013 (scheme of arrangement approval)

Compliance Requirements

  • Trading members must use designated security code for BUILDPRO
  • Trading must be conducted in specified lot size of 1 share
  • Securities currently restricted to Trade for Trade (BE) series
  • Pre-open session protocols must be followed
  • Members must note distinctive number range: 1 to 24249326

Important Dates

  • January 07, 2026: Circular issue date
  • January 09, 2026: Effective listing date on NSE Capital Market segment
  • August 21, 2025: NCLT Bengaluru Bench approval date for scheme of arrangement

Impact Assessment

Market Impact: Medium - New listing creates a separate tradable entity for the demerged trading business. Initial placement in Trade for Trade segment limits liquidity and speculative activity until migration to regular EQ segment.

Shareholder Impact: Existing shareholders of Shankara Building Products Limited receive equivalent shares in the new entity (1:1 ratio), maintaining their proportionate ownership in the demerged business without dilution.

Operational Impact: The demerger separates the trading business into an independent listed entity, allowing focused operations and potentially better valuation discovery for both entities.

Company Details:

Impact Justification

New listing of demerged entity with 24.2 million shares impacts existing shareholders through 1:1 share issuance but limited broader market impact as initially trade-for-trade segment