Shankara Building Products Limited informed that BSE Limited vide email on 16 February, 2024 imposed a fine of INR 60,000 (Rupees Sixty Thousand) vide email on 16 2024 a fine of INR 60,000 (Rupees Sixty Thousand Only) on the Company under Regulation 162 of ICDR Regulation, 2018 and point no. 2 of on the Company under 162 of ICDR Regulation, 2018 and point no. 2 of SEBI/HO/CFD/DIL2/CIR/P/2019/94 dated August 19, 2019.

Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: Nil except to the extent of penalty amount of INR 60,000 (Rupees Sixty Thousand only) imposed by BSE.