DCM Shriram Fine Chemicals has issued a revised disclosure to correct an inadvertent clerical error in its previous intimation regarding the acquisition of shares by promoter Urvashi Tilakdhar. The updated filing, submitted on July 25, 2026, clarifies that Tilakdhar acquired a 20.65% stake in the company, rather than the previously reported 30.93%. The correction does not alter the aggregate promoter shareholding, which remains constant at 50.11%, nor does it change the nature of the transaction as an inter-family gift exempt from open offer obligations.

The revised submission under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, rectifies errors identified in the original disclosure filed on July 24, 2026. The company requested stock exchanges to ignore the earlier submission and record the corrected data. The acquisition involves shares transferred from Madhav Bansidhar Shriram and the dissolved Hindu Undivided Family (HUF) of Lala Bansi Dhar & Sons. The transaction was executed at NIL consideration, citing "inter-family gift out of love and affection" among immediate relatives.

Corrected Acquisition Details

The revised filing specifies that Urvashi Tilakdhar acquired 89,41,864 equity shares (10.28%) from Madhav B. Shriram and 90,21,200 equity shares (10.37%) from the dissolving HUF. This totals 20.65% of the company’s share capital. The volume-weighted average market price (VWAP) of the shares over the preceding 60 trading days was ₹25.42 per share. The exemption from making an open offer is claimed under Regulation 10(1)(a)(i) of the SEBI SAST Regulations, 2011, as the transfer occurs between immediate relatives.

What the Numbers Show

The correction significantly adjusts the perceived concentration of ownership within the promoter group. While the initial report suggested Tilakdhar held nearly 38% of the company, the revised figure places her individual holding at 27.42%. Despite this adjustment, she remains the largest individual shareholder in the promoter group. The dissolution of the HUF and the subsequent distribution of its assets—primarily to Tilakdhar and Suman Bansi Dhar—streamlines the voting structure without diluting overall promoter control. The absence of monetary consideration confirms this is a structural realignment of family assets rather than a market-driven acquisition, signaling stable long-term promoter commitment with no immediate liquidity impact on the listed entity.

DCM Shriram Fine Chemicals Ltd has accepted the resignation of Ms. Aditi Dhar as Director (Non-Executive Non Independent) effective July 17, 2026. The resignation was submitted due to personal reasons, as she is based in the UK and it is not feasible for her to participate in the Board proceedings.

The disclosure was made to the stock exchanges pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the resignation is with immediate effect.

Details of Resignation

The following table outlines the key details regarding the change in directorship:

Ms. Dhar requested the Board to take the necessary steps to acknowledge her resignation and ensure all regulatory and procedural formalities, including filings with the relevant authorities, are completed.