Divya Shriram, a promoter group member of DCM Shriram International Ltd., has executed a complete divestment of her shareholding in the company through an off-market transaction. The disclosure, filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reveals the sale of her entire stake in the diversified chemicals company.

Transaction Details

The divestment involved the complete sale of Divya Shriram's shareholding in DCM Shriram International. The following table summarizes the key transaction parameters:

Shareholding Changes

The transaction represents a complete exit by Divya Shriram from her direct shareholding in the company. Her holding position before and after the transaction shows:

Promoter Group Structure

Despite this divestment, the promoter group maintains significant control in DCM Shriram International with a collective holding of 50.11% through various family members and entities. The promoter group structure includes multiple branches of the Shriram family:

Notably, while Divya Shriram has divested her individual holding, the broader Madhav B. Shriram & Family group continues to hold 10.28% of the company through other family members including Mr. Madhav B. Shriram (4.94%), Mr. Uday Shriram (1.11%), and Mr. Rohan Shriram (0.04%).

Regulatory Compliance

The transaction has been properly disclosed in accordance with SEBI regulations governing substantial acquisitions and takeovers. DCM Shriram International's shares are listed on both NSE and BSE exchanges. The company's total equity share capital remains unchanged at 86,992,185 shares following this transaction, indicating no impact on the overall capital structure. The disclosure was signed by Divya Shriram on March 19, 2026, in New Delhi.

A recently listed company has addressed BSE surveillance concerns regarding significant movement in its equity share prices, attributing the volatility to market forces rather than undisclosed corporate developments.

BSE Surveillance Query Response

The company responded to BSE's letter dated March 17, 2026, which sought clarification on the notable price movement in the company's equity shares across exchanges. Company Secretary Ashish Jha confirmed that the shares were listed and admitted for trading on exchanges from February 17, 2026.

Regulatory Compliance Status

The company emphasized its adherence to disclosure requirements under SEBI regulations:

The management stated that to their knowledge, no operational developments have resulted in price-sensitive information requiring public disclosure. Additionally, no impending announcements are expected to impact share volumes or pricing.

Mandatory Disclosures Filed

The only information requiring public disclosure was the unaudited limited review report for the quarter ended and period ended December 2025. This report was filed promptly within the stipulated timeframe under Regulation 33 of the Listing Regulations.

Market Movement Attribution

The company's management believes the recent price movement stems from market perception and is determined by natural market forces rather than specific corporate actions or undisclosed information. This assessment comes approximately one month after the company's debut on stock exchanges.

Commitment to Compliance

Company Secretary Ashish Jha reiterated the organization's commitment to maintaining full compliance with listing regulations at all times. The formal response was digitally signed and submitted to BSE surveillance on March 18, 2026, seeking acknowledgment of the clarification provided.