Shankara Building Products Limited has informed the Exchange about Board Meeting held on 07-May-2022 to consider Other business matters-Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (???Listing Regulations???), we hereby inform you that a meeting of the Board of Directors of Shankara Building Products Limited (???Company???) was held today i.e. May 7, 2022 inter-alia allotted the 14, 00,000 Warrants convertible into equal number of Equity Shares of Rs. 10/- each of the Company to APL Apollo Mart Limited (wholly owned subsidiary of Apl Apollo Tubes Limited) on preferential basis upon receipt of 25% of issue price from the allottee in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
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