NewsDCM Shriram Fine Chemicals: Promoter Group Member Madhav Bansidhar Shriram Exits with Complete Share SaleDCM Shriram Fine Chemicals: Promoter Group Member Madhav Bansidhar Shriram Exits with Complete Share Sale
Madhav Bansidhar Shriram, a promoter group member of DCM Shriram Fine Chemicals Ltd., has sold his entire holding of 33,593 shares (0.04% stake) through an off-market transaction on March 13, 2026. The complete divestment reduces his shareholding to zero while the broader promoter group maintains 50.11% ownership in the company. The transaction was disclosed under SEBI regulations with shares continuing to trade on NSE and BSE exchanges.
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Madhav Bansidhar Shriram, a promoter group member of DCM Shriram Fine Chemicals Ltd., has completed the sale of his entire shareholding in the company through an off-market transaction. The disclosure, filed under SEBI regulations, reveals a complete exit from his equity position in the chemical manufacturing company.
Transaction Details
The share disposal involved specific parameters that demonstrate a complete divestment from the company:
| Parameter: | Details |
|---|---|
| Shares Sold: | 33,593 equity shares |
| Percentage of Total Capital: | 0.04% |
| Transaction Mode: | Off-market |
| Transaction Date: | March 13, 2026 |
| Filing Date: | March 17, 2026 |
Shareholding Position Changes
The transaction represents a complete exit, with Madhav Bansidhar Shriram's holding position changing significantly:
| Position: | Before Transaction | After Transaction |
|---|---|---|
| Shares Held: | 33,593 | 0 |
| Voting Rights (%): | 0.04% | 0.00% |
| Encumbrances: | None | None |
| Other Instruments: | None | None |
Company Share Capital Structure
DCM Shriram Fine Chemicals Ltd. maintains its equity share capital structure unchanged following this transaction. The company's total equity share capital remains at 86,992,185 shares, with the transaction representing a minor adjustment in promoter group holdings. The company's shares continue to be listed on both NSE and BSE exchanges.
Promoter Group Holdings Context
The disclosure includes comprehensive details of the broader promoter group structure, showing the Shriram family's continued significant presence in the company. The promoter group collectively holds 43,590,115 shares, representing 50.11% of the total share capital, indicating strong promoter commitment despite this individual divestment.
Regulatory Compliance
The transaction was disclosed in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was signed by Rohan Shriram on behalf of the seller and filed from New Delhi, ensuring full regulatory compliance for the off-market share transfer.
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