Shankara Buildpro Managing Director Sukumar Srinivas passes away
Shankara Buildpro (BSE: BUILDPRO) said Sukumar Srinivas, Managing Director, has passed away; and Dhananjay Mirlay Srinivas has been appointed. The company is valued at about ₹425 crore.
What happened
Shankara Buildpro (BSE: BUILDPRO) informed the stock exchanges on 1 November 2026 at 08:37 PM that Sukumar Srinivas, Managing Director, has passed away; and Dhananjay Mirlay Srinivas has been appointed.
From the filing: "Appointment of Managing Director Consequent upon the demise of Mr."
Company snapshot
Shankara Buildpro is a micro-cap company, with a market value of about ₹425 crore.
The stock last traded at ₹175.2, against a 52-week range of ₹175.2–₹1,252.5 (86.0% below the high).
Before this filing the shares had moved −29.6% over the month and −29.5% over three months. Average daily turnover over the last 20 sessions was about ₹8.57 crore.
Promoters held 40.18% at the end of Q1 FY27. Foreign institutions owned 9.27% and domestic institutions 13.67%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q3 FY26 | 1,666 | 25 | 10.31 |
| Q4 FY26 | 1,996 | 41.4 | 17.12 |
| Q1 FY27 | 1,890 | 35.6 | 14.76 |
What history shows
BCEIE's records show 1 previous management change filing from the company since May 2026.
Market-wide, 4,084 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.
- 5 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.