DCM Shriram Industries Limited has filed a regulatory disclosure under SEBI Takeover Regulations regarding a significant share acquisition by promoter group member Urvashi Tilakdhar. The transaction represents a substantial increase in her individual shareholding through an inter-family gift transfer mechanism.

Share Acquisition Transaction Details

The disclosure reveals that Urvashi Tilakdhar executed an off-market acquisition of shares on March 25, 2026, through an inter-family gift transfer from her immediate relatives. The transaction details are presented below:

Transfer Source and Recipients

The regulatory filing under Regulation 10(6) of SEBI Takeover Regulations reveals that the shares were transferred from two family members as an inter-family consolidation strategy:

The transfer was executed as a gift by immediate relatives for consolidation of holding within the family group.

Pre and Post Transaction Holdings

The regulatory filing provides a comprehensive view of shareholding changes before and after the transaction:

Regulatory Compliance and Exemptions

This transaction was conducted under the exemption provided in Regulation 10(1)(a)(i) of SEBI Takeover Regulations, which allows inter-family transfers without triggering open offer requirements. The company filed the required disclosure under Regulation 10(5) on March 18, 2026, prior to the transaction date, ensuring full regulatory compliance.

Promoter Group Structure

The disclosure confirms that the promoter group maintains significant control with collective holdings representing 50.11% of the total equity share capital. The company's shares are listed on both NSE (Symbol: DCMSRIND) and BSE (Scrip: 523369), with the ISIN code INE843D01027 ensuring transparency in shareholding changes for all stakeholders.

DCM Shriram Industries Ltd. has filed a regulatory disclosure regarding a planned substantial acquisition of shares by promoter Urvashi Tilakdhar, scheduled to take place on March 30, 2026. The transaction involves the transfer of shares within the promoter group under SEBI's substantial acquisition regulations.

Transaction Details

The proposed acquisition involves the transfer of 508,158 shares from Tilak Dhar & Sons HUF to Urvashi Tilakdhar, representing 0.58% of the company's total share capital. The transaction will be executed at nil consideration as part of an asset distribution by the Hindu Undivided Family (HUF).

Shareholding Impact

The transaction will result in a change in the shareholding pattern of the acquirer and persons acting in concert (PACs). Following the completion of this transfer, the combined shareholding will increase marginally.

Regulatory Compliance

The acquisition falls under regulation 10(1)(a)(ii) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, which provides exemption from making an open offer for promoter-to-promoter transfers. The company noted that volume-weighted average market price calculations are not applicable as the shares were listed on the exchange only on February 17, 2026.

Background Context

The shares being transferred were originally vested in Tilak Dhar & Sons HUF following the amalgamation of Lily Commercial Pvt. Ltd, which held 50.11% equity shares in DCM Shriram Industries Limited as a promoter. Under the NCLT-approved scheme, the same number of shares held by Lily Commercial in DCM Shriram Industries were allotted to Lily's shareholders in proportion to their shareholding. The current transfer to Urvashi Tilakdhar represents a partition of the HUF assets among promoters.

Current Promoter Structure

The company's promoter group includes several family entities with significant shareholdings. The Urvashi Tilakdhar & Family group currently holds 8,943,142 shares (10.28%), which includes holdings by Akshay Dhar-Karta Tilak Dhar & Sons HUF (508,158 shares), Urvashi Tilakdhar (5,889,611 shares), Akshay Dhar (1,274,060 shares), and Aditi Dhar (1,271,313 shares). Other major promoter families include Alok B. Shriram & Family and Madhav B. Shriram & Family, each holding 10.28% stakes.

The transaction represents a routine internal reorganization within the promoter group, maintaining the overall promoter control while redistributing shares among family members as part of HUF asset distribution.