DCM Shriram Consolidated has appointed Justice (Retd.) Sanjay Kishan Kaul and Ms. Rumjhum Chatterjee as Independent Directors on its Board, effective August 9, 2026. The appointments, approved by the Board based on the recommendation of the Nomination, Remuneration and Compensation Committee, are for a term of five consecutive years. These inductions are subject to the approval of the company's shareholders.

The disclosure was made to the stock exchanges on July 3, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both appointees are not debarred from holding the office of Director by any order from SEBI, the Ministry of Corporate Affairs (MCA), or any other authority. Furthermore, neither individual is related to any other existing director on the Board of DCM Shriram Ltd.

Justice (Retd.) Sanjay Kishan Kaul (DIN: 10670291) brings extensive legal experience to the company. He is a graduate in Economics (Hons.) from St. Stephens College, Delhi University, and holds an LL.B. degree from the Campus Law Centre, Delhi University. He previously served as a Judge of the High Court of Delhi, Acting Chief Justice of the Delhi High Court, and Chief Justice of the Punjab & Haryana High Court and Madras High Court. He was appointed as a Judge of the Supreme Court in 2017 and has headed the National Legal Services Authority (NALSA) and the Mediation and Conciliation Project Committee (MCPC) of the Supreme Court. Recently, he was appointed as an International Judge of The Bahrain International Commercial Court.

Ms. Rumjhum Chatterjee (DIN: 00283824) is a graduate in Psychology from Calcutta University. She is the Co-Founder & Managing Trustee of The Infravision Foundation, a think tank focusing on infrastructure research, policy, and advocacy. She was also a Co-Founder of the Feedback infra Group and currently serves as the Chairperson of the Feedback Foundation Charitable Trust. Ms. Chatterjee has held various leadership roles within the Confederation of Indian Industry (CII), including Chairperson of CII's Women Exemplar Program for 2015-17 and Chair of the CII National Women's Empowerment Committee.

The table below summarizes the key details of the new appointments:

The company stated that the detailed profiles of the directors are provided in Annexure A to the regulatory filing, as required by SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.

DCM Shriram Consolidated has been penalised Rs 1.59 crore by the Income Tax Department for FY 2021-22 following a dispute over the classification of building sales. The Assessment Unit issued the penalty order on June 29, 2026, under Section 270A of the Income-tax Act, 1961, which the company received on June 30, 2026. The penalty relates to additions made regarding the sale of buildings, which were treated as capital assets rather than depreciable assets in an earlier assessment order dated October 31, 2025.

The company disclosed that it had already filed an appeal (ITTPA No.35/DEL/2025) before the Income Tax Appellate Tribunal (ITAT), Delhi, against the initial additions. The matter was heard by the ITAT on May 26, 2026, and the order is currently awaited. Despite the pending adjudication, the Assessment Unit proceeded to levy the penalty on the additions.

DCM Shriram stated that the penalty lacks merit and ignores the facts of the matter, adding that it will take appropriate legal course of action against the order. The company confirmed that there is no material financial, operational, or other impact except to the extent of the penalty levied.

Details of the Penalty Order

The initial assessment order was passed under Section 143(3) read with Section 144B of the Income-tax Act, 1961. The company contends that the additions were made by treating the sale of buildings as capital assets, ignoring their status as depreciable assets.