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.

DCM Shriram Consolidated Limited has informed stock exchanges of the cessation of two of its Independent Directors upon completion of their second term. Mr. Pravesh Sharma (DIN: 02252345) and Justice (Retd.) Vikramajit Sen (DIN: 00866743) completed their second term as Independent Directors of the Company on 8th August 2026, and shall cease to hold their positions effective 9th August 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Cessation of Independent Directors

With the conclusion of their second term, both directors will also relinquish their positions as Member or Chairman of the various Committees of the Board where they currently hold such roles. The key details of the cessation, as disclosed under the applicable regulatory framework, are summarised below:

Board's Acknowledgement

The Board of DCM Shriram Limited placed on record its deep appreciation and sincere thanks to Mr. Pravesh Sharma and Justice (Retd.) Vikramajit Sen for the valuable advice and guidance provided to the Company during their tenure as Independent Directors.

Regulatory Compliance

The requisite disclosure has been made in accordance with Regulation 30 of the Listing Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026. The intimation was signed by Deepak Gupta, Company Secretary and Compliance Officer of DCM Shriram Limited, and the information has also been hosted on the Company's website.