A recently listed company has addressed BSE surveillance concerns regarding significant movement in its equity share prices, attributing the volatility to market forces rather than undisclosed corporate developments.

BSE Surveillance Query Response

The company responded to BSE's letter dated March 17, 2026, which sought clarification on the notable price movement in the company's equity shares across exchanges. Company Secretary Ashish Jha confirmed that the shares were listed and admitted for trading on exchanges from February 17, 2026.

Regulatory Compliance Status

The company emphasized its adherence to disclosure requirements under SEBI regulations:

The management stated that to their knowledge, no operational developments have resulted in price-sensitive information requiring public disclosure. Additionally, no impending announcements are expected to impact share volumes or pricing.

Mandatory Disclosures Filed

The only information requiring public disclosure was the unaudited limited review report for the quarter ended and period ended December 2025. This report was filed promptly within the stipulated timeframe under Regulation 33 of the Listing Regulations.

Market Movement Attribution

The company's management believes the recent price movement stems from market perception and is determined by natural market forces rather than specific corporate actions or undisclosed information. This assessment comes approximately one month after the company's debut on stock exchanges.

Commitment to Compliance

Company Secretary Ashish Jha reiterated the organization's commitment to maintaining full compliance with listing regulations at all times. The formal response was digitally signed and submitted to BSE surveillance on March 18, 2026, seeking acknowledgment of the clarification provided.

Rohan Shriram, a member of the promoter group of DCM Shriram International Ltd., has completed a divestment of his entire shareholding in the company through an off-market transaction. The sale, executed on March 13, 2026, involved the disposal of 33593 shares, representing 0.04% of the company's total share capital. This transaction has been disclosed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.

Transaction Details

The sale details demonstrate a complete divestment by Rohan Shriram from his individual shareholding in the company:

The transaction was executed entirely through off-market means, resulting in Rohan Shriram's complete exit from individual shareholding in DCM Shriram International Ltd. The sale represents a strategic repositioning within the promoter group structure.

Company Share Capital Structure

DCM Shriram International Ltd.'s equity share capital remained unchanged throughout the transaction period:

The company's shares are listed on both NSE and BSE exchanges. The stable share capital indicates that this was a secondary market transaction between existing shareholders rather than any fresh issuance of shares.

Promoter Group Holdings

Despite the individual sale by Rohan Shriram, the overall promoter group structure remains robust with comprehensive shareholding across family members:

The promoter group maintains a controlling stake of 50.11% in DCM Shriram International Ltd. Within the Madhav B. Shriram & Family category, key individual holdings include Madhav B. Shriram with 4299224 shares (4.94%), Mrs. Divya Shriram with 3647854 shares (4.19%), and Mr. Uday Shriram with 961628 shares (1.11%).

Regulatory Compliance

The disclosure was filed in compliance with SEBI regulations, with the formal documentation signed digitally by Rohan Shriram on March 17, 2026, from New Delhi. The transaction required disclosure as it involved substantial disposal crossing the regulatory threshold, ensuring transparency for market participants and regulatory authorities.