DCM Shriram Fine Chemicals has accepted the resignation of Siddhartha Mukherjee as an independent director on its board. The resignation took immediate effect on August 15, 2026, following a formal notification sent by Mukherjee to the company’s chairperson. The departure is attributed to personal commitments that require a greater allocation of time.

The company disclosed the change in a filing with the Bombay Stock Exchange and the National Stock Exchange of India. Mukherjee, who holds DIN 11385631, confirmed in his resignation letter that there are no other material reasons for stepping down from his role. He expressed gratitude to the chairperson, fellow board members, and the executive team for their support during his tenure.

Regulatory Compliance and Disclosure

The intimation was issued pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its disclosure to the exchanges.

According to the annexures provided in the filing:

• Reason for Change: Resignation due to personal commitments requiring greater time allocation.
• Date of Cessation: August 15, 2026.
• Other Directorships: Mukherjee does not hold any other directorships in listed entities or committee positions at the time of resignation.

Kokila Arora, Company Secretary and Compliance Officer of DCM Shriram Fine Chemicals, signed the communication, attaching the copy of the resignation email and the required regulatory details for record purposes.

DCM Shriram Fine Chemicals Limited disclosed on August 17, 2026, that Mrs. Urvashi Tilakdhar will acquire a 3.52% equity stake in the company through an inter-family gift. The shares are being transferred from Mr. Akshay Dhar and Ms. Aditi Dhar, both immediate relatives and promoters of the firm. The proposed acquisition date is August 24, 2026.

The transfer involves a total of 30,53,531 equity shares with a face value of ₹2 each. Mr. Akshay Dhar is transferring 15,26,766 shares (1.76%), while Ms. Aditi Dhar is transferring 15,26,765 shares (1.76%). The consideration for this acquisition is nil, as it is classified as a gift out of love and affection among immediate relatives.

Shareholding Changes

Following the transaction, Mrs. Urvashi Tilakdhar’s individual holding will increase from 27.42% to 30.94%. The total shareholding of the promoter group remains unchanged at 50.11%, as the shares are merely being consolidated within the family structure. The volume-weighted average market price of the shares for the 60 trading days preceding the notice was ₹24.92 per share.

Regulatory Compliance

The acquisition is exempt from the requirement to make an open offer under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This exemption applies because the transfer is between promoters or persons acting in concert who are immediate relatives.

Mrs. Urvashi Tilakdhar has declared that all conditions specified under Regulation 10(1)(a) have been duly complied with. Both the transferors and the transferee have confirmed their compliance with the applicable disclosure requirements under Chapter V of the Takeover Regulations. The declaration was digitally signed by Mrs. Urvashi Tilakdhar on August 17, 2026.