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Shankara Building Products Ltd - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements), Regulations, 2015

| Updated on May 11, 2019 Published on May 11, 2019

This is to inform you that the Company has started one new retail store in Hoskote, Bangalore measuring 5,000 sq.ft.

Further, as part of the conscious effort to consolidate operations, the Company has decided to close retail stores in the following locations: Rajkot, Surat, Baroda, Nizamabad, Anakapalli and Sindhanoor. Some of these stores, like in Gujarat, are not a part of our immediate geographic focus or product category scale up initiatives. We also do not see possibilities of significant scale up in revenue from these stores in the medium term. These stores combined contributed to 1.32% of retail sales for Q4 FY 19.
The net store count after these measures will stand at 129 stores spread over 5,50,917 sq.ft.

Kindly take the same on record.

Pdf Link: Shankara Building Products Ltd - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements), Regulations, 2015

Source : BSE - www.bseindia.com

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Published on May 11, 2019
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