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.

DCM Shriram Fine Chemicals Ltd. has filed a disclosure under Regulation 10(6) of SEBI Takeover Regulations regarding a significant share acquisition by promoter Alok Bansidhar Shriram. The transaction involved the transfer of shares from immediate family members through an inter-family gift arrangement aimed at consolidating holdings within the promoter group.

Transaction Overview

The share transfer was completed on March 13, 2026, with prior disclosure filed on March 9, 2026. Alok Bansidhar Shriram acquired a total of 65,53,596 shares from three family members through off-market transfers. The acquisition was conducted under the exemption provided by regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Share Transfer Details

The acquisition involved shares from the following family members:

Shareholding Changes

The transaction resulted in a significant increase in Alok Bansidhar Shriram's stake in the company:

Following the transfer, the three family members who transferred their shares no longer hold any equity stake in DCM Shriram Fine Chemicals Ltd.

Regulatory Compliance

The transaction was structured as an inter-family gift for consolidation of holdings, which qualified for exemption from mandatory open offer requirements. The company maintains listings on both NSE (symbol: DSFCL) and BSE (scrip: 544703). All required disclosures under regulation 10(5) were made within the specified timeline, with the initial disclosure filed on March 9, 2026, four days before the actual transaction date.

The consolidation reflects a strategic move within the promoter family to streamline shareholding structure while maintaining compliance with applicable SEBI regulations for substantial acquisitions.