DCM Shriram Consolidated shareholders approved the appointment of Justice (Retd.) Sanjay Kishan Kaul and Ms. Rumjhum Chatterjee as independent directors during the company’s 37th annual general meeting held on August 18, 2026. The appointments are effective from August 9, 2026, for a term of five consecutive years.

The board had initially intimated these appointments on July 3, 2026, subject to shareholder approval under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Profiles

Justice (Retd.) Sanjay Kishan Kaul brings extensive legal expertise to the board. A graduate in Economics (Hons.) from St. Stephens College and holder of an LL.B. from The Campus Law Centre, Delhi University, he is enrolled as an Advocate with the Bar Council of Delhi. He previously served as Advocate-on-Record of the Supreme Court of India and was designated as a Senior Advocate.

His judicial career includes serving as Judge of the High Court of Delhi, Acting Chief Justice of the Delhi High Court, Chief Justice of the Punjab & Haryana High Court, and Chief Justice of the Madras High Court. Appointed as a Judge of the Supreme Court in 2017, he was the senior-most Judge after the Chief Justice. He also headed the National Legal Services Authority (NALSA) and the Mediation and Conciliation Project Committee (MCPC) of the Supreme Court. In 2023, as Executive Chairman of NALSA, he spearheaded the '1 Regional Conference on Access to Legal Aid Strengthening Access to Justice in the Global South' in collaboration with the Government of India, International Legal Foundation (ILF), United Nations Development Programme (UNDP), and United Nations Children's Fund (UNICEF).

Ms. Rumjhum Chatterjee contributes deep expertise in infrastructure research and policy. A graduate in Psychology from Calcutta University, she is Co-Founder & Managing Trustee of The Infravision Foundation, a think tank focused on infrastructure research, policy, and advocacy. She was one of the Co-Founders of the Feedback Infra Group.

Ms. Chatterjee serves as Chairperson of the Feedback Foundation Charitable Trust, which focuses on rural and urban sanitation issues. She has held significant roles in 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 for several years. She has also chaired various National Committees on CSR, Women's Empowerment, Skills, and Start Ups.

Compliance Details

Both appointees have no relationships with other directors on the board. The company disclosed these details in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.

DCM Shriram Limited concluded its 37th Annual General Meeting (AGM) on August 18, 2026, with shareholders approving all listed resolutions. The meeting confirmed the declaration of a final dividend of ₹4 per equity share, completing a total payout of ₹11.20 per share for FY26 following two interim dividends of ₹3.60 each.

The virtual meeting, conducted via Video Conferencing and Other Audio-Visual Means, was presided over by Chairman & Sr. Managing Director Mr. Ajay S. Shriram. A total of 86 members participated, ensuring the quorum required for proceedings.

Key Resolutions and Voting Outcomes

Shareholders ratified the audited standalone and consolidated financial statements for the year ended March 31, 2026. The reappointment of Mr. Ajit S. Shriram and Mr. Pradeep Dinodia as directors upon rotation was approved, though these items attracted higher levels of dissent compared to other business.

The appointment of Justice (Retd.) Sanjay Kishan Kaul and Ms. Rumjhum Chatterjee as Independent Directors for five-year terms received near-unanimous approval. Additionally, the cancellation of 39,00,000 forfeited equity shares and the ratification of Cost Auditor remuneration were passed.

Remuneration Revisions Face Dissent

Resolutions regarding the revision of remuneration for relatives of directors were approved but faced significant opposition. The proposal to increase the maximum remuneration for Mr. Varun A. Shriram to ₹1.80 crore per annum from April 1, 2027, saw 2.50% of votes cast against it. Similarly, the revision for Ms. Tara A. Shriram to ₹1 crore per annum from April 1, 2026, attracted 3.65% dissent.

Board and Management Attendance

The meeting saw attendance from a broad cross-section of the board and management, including Vice Chairman & Managing Director Mr. Vikram S. Shriram and Deputy Managing Director Mr. Aditya A. Shriram. Independent directors such as Mr. Vipin Sondhi, Mr. Tejpreet Singh Chopra, and Mr. Rabi Narayan Mishra (LIC Nominee) were present. Executive Director & Group CFO Mr. Amit Agarwal and Company Secretary & Compliance Officer Mr. Deepak Gupta also participated.

Audit and Compliance Status

Deloitte Haskins & Sells served as Statutory Auditors, while M/s RMG & Associates acted as Secretarial Auditors. Both the Statutory Auditors’ Report and Secretarial Auditors’ Report for FY26 contained no qualifications or modifications. M/s Sanjay Grover & Associates served as the Scrutinizer for the e-voting process.

What the Numbers Show

While the overall dividend distribution of ₹11.20 per share indicates a consistent return policy, the voting patterns reveal distinct shareholder sentiment regarding executive compensation. The resolutions for director reappointments saw dissent ranging from 0.18% to 0.22%, whereas the remuneration revisions for promoter relatives faced significantly higher opposition at 2.50% and 3.65%. This contrast highlights that while shareholders support the board's continuity, they are more scrutinizing of increases in pay for specific related parties.