Shankara Building Products: Recommendations on the Open Offer to the shareholders of Shankara Building Products Limited (SBPL or TC or…
Shankara Building Products (SHANKARA) filed a disclosure titled "Recommendations on the Open Offer to the shareholders of Shankara Building Products Limited (SBPL or TC or Target Company) by Committee of Independent Directors". The company is valued at about…
What happened
Shankara Building Products (SHANKARA) filed a disclosure with the exchanges on 13 November 2026 at 12:07 PM titled "Recommendations on the Open Offer to the shareholders of Shankara Building Products Limited (SBPL or TC or Target Company) by Committee of Independent Directors".
Company snapshot
Shankara Building Products is a micro-cap company, with a market value of about ₹281 crore.
The stock last traded at ₹116, against a 52-week range of ₹98.25–₹152 (23.7% below the high).
Before this filing the shares had moved +0.7% over the month and −16.7% over three months. Average daily turnover over the last 20 sessions was about ₹0.7 crore.
Promoters held 49.52% at the end of Q2 FY27, up 4.13% points from the previous quarter. Foreign institutions owned 2.88% and domestic institutions 23.26%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| 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 |
| Q2 FY27 | 367 | 4.5 | 1.87 |
What history shows
This is not the company's first open offer disclosure: BCEIE has 6 earlier filings of this kind on record since May 2026.
After those filings, the stock gained 1.5% on average the next trading day and was up 1.1% on average after five days (6 filings with price data).
Market-wide, 371 open offer filings with an impact score of 50 or more saw an average next-day move of +2.0%, with 57% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 12 Oct 2026 | Corporate Professionals Capital Pvt Ltd ("Manager to the Offer") has… | +4.8% | — |
| 2 Sept 2026 | Recommendation on the open offer to the shareholders of the company… | +0.6% | +0.7% |
| 2 Sept 2026 | Recommendations On The Open Offer To The Shareholders Of Shankara… | +0.3% | +1.2% |
| 31 Aug 2026 | Letter of Offer | +0.3% | +1.5% |
| 29 Jul 2026 | Draft Letter of Offer | +1.1% | +0.5% |
In the news
Recent coverage elsewhere (links open the original publisher):
- Shankara Building Products Reappoints Srinivas Until 2031
- Shankara Building Q2 EBITDA turns positive to ₹10.5 crore on revenue growth
- Shankara Building Products' (NSE:SHANKARA) Problems Go Beyond Weak Profit
- Shankara Buildpro Founder and MD Sukumar Srinivas Passes Away
- Shankara Building Products appoints Srinivas as managing director
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.