Shankara Building Products Ltd Demerger Update Call Transcript
Good afternoon, and a very warm welcome to the Shankara Building Products Limited Analyst Call. I have with me Mr. Alex Varghese, our CFO; Mr. Dhananjay Mirlay Srinivas, Vice President; and Mr. Giridhar Parthasarathy, our Manager of Finance. We have uploaded a detailed presentation on the Exchanges, and I hope all of you have had an opportunity to go through it. We are happy to inform you that your company has announced the demerger of its building material marketplace on one hand, and the manufacturing business on the other.
With this demerger, our building machines marketplace, which houses our retail, trading, and distribution businesses will be moved to a new entity, Shankara BuildPro Limited. In our company's history, the building machines marketplace has consistently been a driver of value. The existing entity, Shankara Building Products Limited is going to house our manufacturing businesses. The manufacturing entity has an extensive network of processing facilities across South India, which are
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