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Shankara Building Products Limited has announced a board meeting to convene with its equity shareholders for a proposed Scheme of Arrangement between Shankara Building Products (the Demerged Company) and Shankara Buildpro (the Resulting Company). This meeting will take place via video conferencing on 12th February 2025 at 11:00 a.m. (IST).
The NCLT order signals a strategic shift that could reshape the company's structure and benefit shareholders. If approved, this scheme may unlock value and enhance operational efficiency, potentially leading to a positive outlook for investors.