DCM Shriram Fine Chemicals has issued a postal ballot notice dated September 3, 2026, seeking shareholder approval for the appointment of four directors and the acceptance of public deposits. The remote e-voting process for these special resolutions is scheduled to run from September 11, 2026, to October 10, 2026.

The company is seeking approval for the appointment of Mr. Rudra Shiram as Director and Managing Director for a term of five years effective from August 15, 2026. Additionally, shareholders are asked to approve the appointments of three non-executive independent directors: Mr. Nitin Atroley, Mr. Rakesh Malhotra, and Mr. Anil Kumar Khaitan, each for a five-year term.

Board Appointments

The Nomination and Remuneration Committee recommended these appointments to ensure board diversification and compliance with SEBI (LODR) Regulations. The details of the proposed appointments are as follows:

Mr. Rudra Shiram, a fifth-generation member of the DCM Shriram legacy, currently serves as Deputy Managing Director in DCM Shriram International Limited. His appointment as Managing Director at DCM Shriram Fine Chemicals aims to leverage synergies between the two entities. He holds a B.Sc. in Economics from Purdue University and has over 12 years of experience.

Remuneration Structure

The proposed remuneration for Mr. Rudra Shiram includes a monthly salary of ₹5 lakh, housing benefits, and medical reimbursements. He is also eligible for a commission on profit not exceeding 2% of net profit, subject to Section 198 of the Companies Act, 2013.

The notice states that since the company has inadequate profits, the remuneration shall be governed by Schedule V of the Act. In the event of loss or inadequate profits during his tenure, the company will pay the proposed remuneration (excluding commission) as minimum remuneration, subject to regulatory ceilings. The total remuneration for all managerial personnel shall not exceed 10% of net profits computed under Section 198.

Public Deposits

The company also seeks shareholder consent to invite and accept unsecured fixed deposits from members, employees, and the general public. This move aims to continue a cost-effective working capital source previously maintained by the demerged entity, DCM Shriram Industries Limited.

Based on the net worth as on March 31, 2026, the maximum statutory limits for deposits are:

The total amount of these fixed deposits, when aggregated with long-term borrowings, must remain within the overall borrowing limits authorized by shareholders under Section 180(1)(c) of the Companies Act, 2013. A credit rating will be obtained in due course to finalize the limits.

Voting Details

Shareholders whose names appear in the register of members as on the cut-off date of September 4, 2026, are eligible to vote. The remote e-voting facility is provided by KFin Technologies Limited. Results will be declared on October 10, 2026.

DCM Shriram Fine Chemicals accepted the resignation of Venkata Rama Subbu Behara as an independent director effective September 8, 2026. The departure follows recent changes in the company’s board structure.

The resignation was formalized through a letter dated September 8, 2026, submitted to Ms. Urvashi Tilak Dhar. Behara confirmed there are no other material reasons for his exit beyond the structural adjustments mentioned in his resignation letter.

Regulatory Compliance

The company disclosed the change pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Kokila Arora, Company Secretary and Compliance Officer, signed the intimation filed with both the BSE and NSE on September 9, 2026.

Director Profile

Behara continues to hold directorships in other listed entities. His current roles include:

• MTAR Technologies Limited: Member of the Audit Committee, Chairman of the Stakeholders' Relationship Committee, Member of the Nomination and Remuneration Committee, and Chairman of the Risk Management Committee.
• Gabriel India Limited: Member of the Stakeholders' Relationship Committee and the Nomination and Remuneration Committee.