Shankara Buildpro announced a 1:5 stock split with October 8, 2026, as the record date. Under this plan, each share with a face value of Rs 10 will become five shares of Rs 2 each. The company said this move does not change the total value of an investor’s current holding.

Shankara Buildpro has announced a 1:5 stock split, under which each existing equity share with a face value of Rs 10 will be divided into five equity shares with a face value of Rs 2 each.

The stock closed at Rs 1,227.20 on the NSE on Wednesday, September 30, down 1.37 per cent. The stock opened at Rs 1,249.10 and touched an intraday high of Rs 1,257.90 and a low of Rs 1,221.10. The company has a market capitalisation of around Rs 2,960 crore.

A stock split simply means dividing one existing share into more shares. In Shankara Buildpro's case, one share of Rs 10 share (face value) will become five shares of Rs 2 each.

To understand it better, if an investor holds 10 shares before the split, those 10 shares will become 50 shares after the split action completes.

Importantly, a stock split does not by itself increase the value of an investor's holding. It simply increase the number of shares. The price per share will also adjust accordingly.

If the share price were Rs 1,000 before the split, it could theoretically adjust to around Rs 200 after a 1:5 split, subject to market movements.

The record date is the day used by the company to identify shareholders who are eligible for the stock split. Shankara Buildpro has fixed Thursday, October 8, 2026, as the record date, company informed via exchange filing.

Investors who are eligible on the record date will receive the additional shares after the split.

In simple terms, the company will check its shareholder records on the record date and determines who is entitled to the split shares.

The stock split announcement comes after Shankara Buildpro reported an improvement in its first-quarter financial performance.

In first quarter, the company's total revenue rose 20.51 per cent year-on-year to Rs 1,889.79 crore in the June 2026 quarter, compared with Rs 1,568.14 crore in the same quarter last year.

Operating income increased 13.84 per cent YoY to Rs 57.74 crore, from Rs 50.72 crore in Q1 FY26.

Net income rose 11.04 per cent to Rs 35.61 crore, compared with Rs 32.07 crore a year earlier.

The company's profit before tax increased 14.65 per cent YoY to Rs 47.89 crore, from Rs 41.77 crore.

Total operating expenses, however, increased 20.73 per cent YoY to Rs 1,832.05 crore from Rs 1,517.42 crore.

Depreciation and amortisation also rose sharply, increasing 72.82 per cent YoY to Rs 3.37 crore.