Record Date for Shankara Building Products' dividends is June 17th

Bengaluru, June 13, 2025: Shankara Building Products Ltd (NSE: SHANKARA), a prominent organised retailer and distributor of building products in India, has officially announced the record date for its final dividend. The company’s Board of Directors, at their meeting on May 16, 2025, recommended a final dividend of ₹3 per equity share for the financial year ended March 31, 2025.

To determine shareholder eligibility for this proposed dividend, the company has fixed Tuesday, June 17, 2025, as the record date. Shareholders whose names appear in the company’s register of members or as beneficial owners in the records of the depositories on this date will be eligible to receive the dividend.

The payment of this final dividend is contingent upon its approval by shareholders at the upcoming Annual General Meeting (AGM), which is scheduled for Tuesday, June 24, 2025. This announcement complies with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates companies to declare a record date for dividend entitlement.

Dividend Details

How Did The Markets React?

At around 1:00 P.M. on June 13th, the market session, the shares of Shankara Building Products were trading at ₹1,035.45, down 0.20% or ₹2.10. It remains to be seen at what price the shares close at the end of today’s market session.

What’s Ahead?

In the short term, Shankara Building Products may experience subdued movement as the stock adjusts to the dividend announcement, a typical pattern that often precedes record dates. Investors focused on income may continue to hold the stock until the ex-dividend date, but broader sentiment will hinge on the company’s AGM outcome and future growth commentary. Over the longer term, investor focus is likely to shift to operational performance, margin trends, and housing demand outlook, which are key to the company’s retail and distribution business.

About the Company

Shankara Building Products Ltd, listed on the NSE, is a leading organised retailer and distributor of building products in India. The company operates a robust retail network, catering to the home improvement, construction, and infrastructure sectors.

For investors holding shares on or before the record date, the dividend will be payable after approval at the Annual General Meeting (AGM).

REF: https://nsearchives.nseindia.com/corporate/SHANKARA_13062025114732_NSE-_Record_Date.pdf

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