Shankara Building Products Managing Director Sukumar Srinivas passes away
Shankara Building Products (SHANKARA) said Sukumar Srinivas, Managing Director, has passed away. The company is valued at about ₹282 crore.
What happened
In a filing with the NSE on 30 October 2026 at 08:06 PM, Shankara Building Products (SHANKARA) said that Sukumar Srinivas, Managing Director, has passed away.
From the filing: "Shankara Building Products Limited has informed the Exchange regarding Demise of Mr Sukumar Srinivas, Managing Director of the company on October 30, 2026."
Company snapshot
Shankara Building Products is a micro-cap company, with a market value of about ₹282 crore.
The stock last traded at ₹116.4, against a 52-week range of ₹98.25–₹152 (23.4% below the high).
Before this filing the shares had moved −7.2% over the month and −15.2% over three months. Average daily turnover over the last 20 sessions was about ₹0.72 crore.
Promoters held 45.39% at the end of Q1 FY27, up 0.94% points from the previous quarter. Foreign institutions owned 2.94% and domestic institutions 12.45%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 1,644 | 32.4 | 13.36 |
| Q2 FY26 | 280 | -5.2 | -2.13 |
| Q3 FY26 | 420 | 1.2 | 0.51 |
| Q4 FY26 | 341 | 7.4 | 3.03 |
| Q1 FY27 | 350 | 1.5 | 0.64 |
What history shows
BCEIE has no earlier management change filing from this company on record since May 2026.
Market-wide, 4,075 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- The appointment of a successor and any change in strategy or guidance.
- 4 November 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.