DCM Shriram Consolidated has extended the deadline for its proposed acquisition of four industrial salt companies to 31 December 2026. The company cited the pending completion of certain conditions precedent, including necessary approvals, as the reason for the delay. The extension impacts the definitive agreement previously approved by its Board to acquire 100% equity share capital of the entities engaged in producing and selling industrial salt.

The Board of Directors had initially approved entering into the definitive agreement on 28 October 2025. At that time, the company had communicated its expectation that these acquisitions would be completed by June 2026. The parties involved have now mutually agreed to push the closing date to the end of this year to satisfy the remaining regulatory and procedural requirements.

Transaction Details

The acquisition involves the purchase of 100% equity share capital in four distinct companies operating within the industrial salt sector. While the specific names of the target entities were not disclosed in the filing, the nature of their business is focused on the production and sale of industrial salt.

The disclosure was made to the BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Deepak Gupta, the Company Secretary & Compliance Officer, signed the intimation on 30 June 2026.

DCM Shriram Limited is facing a tax appeal involving Rs 35.83 crore filed by the Principal Commissioner of Income Tax 1, New Delhi, regarding an Income Tax matter for Assessment Year 2016-17. The appeal was filed before the Hon'ble High Court of Delhi against an order previously passed by the Income Tax Appellate Tribunal (ITAT), Delhi. The dispute relates to transfer pricing adjustments concerning certain specified domestic transactions.

The ITAT had previously ruled in favour of the company regarding the matter for AY 2016-17 through its order dated June 30, 2025. However, the tax authority has now approached the Delhi High Court on certain issues arising from this order. The company noted that the specific issue involved in this litigation is covered in its favour by a Delhi High Court order for the Assessment Year 2014-15.

The matter is currently listed for hearing before the Hon'ble High Court of Delhi. The company received the notice regarding this material litigation on June 19, 2026.

The disclosure was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.